Ultratech Cement’s Q1FY25 Quarter Results

• Ultratech Cement reported an 11% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 2%.
• Its expenses for the quarter were down by 7% QoQ and up by 3% YoY.
• The net profit decreased 25% QoQ and grew 0.3% YoY.
• The earnings per share (EPS) of Ultratech Cement stood at 58.8 during Q1FY25.

Ultratech Cement’s Financial Statements for Q1FY25:

Financials:

• Net Sales ₹17,879 crores (up from Rs. 17,519 crores)
• Profit Before Interest, Depreciation & Tax (PBIDT) ₹3,205 crores (slightly down from Rs. 3,223 crores)
• Profit After Tax (PAT) Rs. 1,697 crores (up from Rs. 1,688 crores)
• Domestic Sales Volume Up 6% y-o-y
• Energy Costs Down 17% y-o-y due to reduced fuel prices
• Raw Material Costs Up 1% due to higher fly ash and slag prices
• Cement Capacity Expansion Added 8.7 MTPA; total capacity now 199.6 MTPA (including 5.4 MTPA overseas)

Management Commentary:

Mr. Atul Daga, Business Head and Chief Financial Officer of Ultratech Cement, said, "I believe that the fundamentals, the foundations of our growth story, remain unchanged because we believe that incremental supply will always chase incremental demand. In this quarter, rural demand gained significant momentum, and rightly so. For UltraTech, Q1 rural grew about 9%. Infra was a bit slow but is expected to pick up in the coming quarters.”

Data Source: BSE, Company announcements
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