UltraTech Cement Shares Surge 2% After Strong Q3 Earnings Report

• UltraTech Cement shares closed nearly 2% higher on Tuesday following its Q3 earnings announcement.
• The company reported a consolidated net profit of Rs 1,729.44 crore for the December quarter, up from Rs 1,363.44 crore a year ago.
• Revenue from operations increased to Rs 21,829.68 crore, compared to Rs 17,778.83 crore in the previous year.
• Results are not directly comparable to the previous year due to acquisitions of India Cements Ltd, Birla White WallCare, and RAKWCT.
• Sales volume rose 15% to 33.85 MT, with domestic grey cement production up 15.4% to 36.37 MT.

Why It Matters: UltraTech Cement's strong Q3 profit and revenue growth, despite acquisitions, boosted its share price.