UltraTech Cement reported a 5% YoY increase and a 1% QoQ rise in domestic grey cement sales volume for Q3. The company attributed the improved Ebitda margins to enhanced operational efficiencies and reduced fuel and raw material costs.
UltraTech Cement reported a significant increase in consolidated profit, surging 68% YoY to reach Rs 1,777 crore for the December quarter. The company achieved its highest-ever quarterly profit. Consolidated net sales also saw a notable 8% YoY rise, reaching Rs 16,487 crore for the quarter.
UltraTech Cement reported positive trends in its domestic grey cement sales volume, witnessing a 5% YoY and 1% QoQ increase. The company attributed improved Ebitda margins to enhanced operational efficiencies and reduced fuel and raw material costs. The operating Ebitda per metric ton for India operations stood at Rs 1,208, marking a substantial 34% YoY and 27% sequential growth.
UltraTech Cement emphasized its commitment to environmentally friendly practices by introducing electric trucks on a pilot scale for clinker transportation. Additionally, the company expanded its presence with the acquisition of a 0.54 million metric tons per annum (mtpa) cement grinding asset from Burnpur Cement Limited in Patratu, Jharkhand. The acquisition, valued at Rs. 169.79 crores, marked UltraTech Cement’s entry into the state of Jharkhand.
UltraTech Cement continued its focus on sustainability by commissioning an additional 26 MW of solar power during the quarter, increasing its capacity to 455 MW, in addition to 264 MW from Waste Heat Recovery Systems. The company aims to achieve 85% green power usage by the end of 2030.
In the north zone, the housing segment experienced de-growth in both rural and urban areas due to factors such as NGT (National Green Tribunal) ban, delayed kharif harvesting in Punjab, Haryana, and Uttar Pradesh. Labor shortages resulting from state elections impacted construction activities in Rajasthan, while Himachal Pradesh registered growth.
In the central zone, the infrastructure segment maintained its growth momentum, driven by projects such as the Gorakhpur Link Expressway, Kanpur Lucknow Expressway, Kanpur Metro, and Ganga Expressway. Additionally, the region witnessed elections in Madhya Pradesh during the quarter.
In the west, the infrastructure segment’s demand in Maharashtra was fueled by various ongoing projects, including the Mumbai Metro, Mumbai-Goa Expressway, and a new phase of the Pune Metro. Both the commercial and housing segments experienced growth across all regions except Vidarbha. In Gujarat, the housing and commercial segments grew in both rural and urban areas, while infrastructure segment growth was comparatively slower. Projects like Ahmedabad Mumbai High-Speed Railway, Deesa Airport, and Rajkot Airport were nearing completion.
In the south, the infrastructure segment’s demand was supported by ongoing projects such as the Bangalore-Chennai Expressway, Ernakulam Road Project, and Railway Bridge Road.
In the east, the housing segment witnessed growth across regions except Bihar. However, the infrastructure and commercial segments faced challenges due to festivities, shortages of aggregates and sand.
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