21-07-2025
UltraTech Cement Q1 Results: Revenue rises 13% YoY to Rs 21,275.45 crore, Net profit up 49% YoY
UltraTech Cement Limited reported a strong performance for the quarter ended June 30, 2025 (Q1 FY26), with both its top line and bottom line showing double-digit growth on a year-on-year (YoY) basis, backed by higher volumes, better realisations, and operational efficiencies.
The company's consolidated revenue for Q1 FY26 rose 13% YoY to ₹21,040 crore, compared to ₹18,626 crore in Q1 FY25. This growth was supported by an 8.7% YoY increase in domestic grey cement volumes (including India Cements), along with robust performance in ReadyMix Concrete (RMC), overseas operations, and building products.
On the profitability front, net profit jumped 49% YoY to ₹2,226 crore, up from ₹1,495 crore in the same quarter last year. The growth in profitability was aided by improved realisations, cost optimisation, and higher contribution from premium products.
EBITDA and margins
The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew to ₹4,591 crore, up from ₹3,186 crore a year earlier, marking a 44% YoY increase.
EBITDA margin improved significantly to 20.73%, compared to 16.82% in Q1 FY25, exceeding market expectations of around 19.6%.
The improvement in EBITDA per metric tonne (₹1,198/Mt vs ₹911/Mt last year) was driven by better sales mix, lower logistics and fuel costs, and increased use of green and renewable power.
Key business and operational highlights
Grey cement domestic volumes (including India Cements) : 34.64 million tonnes, up 8.7% YoY.
ReadyMix Concrete (RMC) : Revenue increased 23% YoY to ₹1,826 crore.
Overseas revenues : Increased by 56.4% YoY to ₹941 crore.
Premium product mix : Improved to 33.8%, up 41% YoY, contributing meaningfully to margins.
Green power mix : Increased to 39.5%, with renewable power capacity reaching 1.08 GW and WHRS (Waste Heat Recovery System) at 363 MW.
Clinker conversion ratio improved to 1.49 times from 1.44 last year.
Cost and efficiency measures
Logistics, fuel, and power costs declined YoY due to better operational efficiencies, reduced lead distances, higher clinker conversion rates, and a higher share of renewable power. Notably, fuel costs fell by 14% YoY, and logistics costs by 4% YoY.
ESG and sustainability
UltraTech continued to strengthen its ESG credentials:
Achieved India's first-ever 7-Star Rating for sustainable mining at Naokari Limestone Mine.
Received the FIPSA 2025 Responsible Packaging Award for sustainable cement packaging.
Advanced its carbon capture initiatives through partnerships with IIT Madras and BITS Pilani.
Capacity expansion and outlook
UltraTech continues to execute its capacity expansion plans, targeting a grey cement capacity of 212.2 mtpa in India by FY27, up from 183.4 mtpa in FY25. The company is also investing in energy efficiency, process optimisation, and safety improvements to sustain growth and margins.
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