UltraTech Cement | Shares of India's largest cement company also made a record high in excess of ₹13,000 after the GST rate on cement was cut to 18% from 28%. 46 analysts have coverage on UltraTech, 38 of them have a "buy" rating, and four each have a "hold" and "sell" recommendation. As many as 34 of those analysts tracking UltraTech, still have a target that is higher than the stock's current market price.
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CNBC TV1824-01-2026, 14:09

UltraTech Cement Q3 Profit Soars 27% to ₹1,729 Cr, Beats Estimates on Strong Sales

  • UltraTech Cement reported a consolidated net profit of ₹1,729.4 crore for Q3 FY26, a 27% increase year-on-year, surpassing analyst estimates.
  • Revenue for the quarter rose 23% to ₹21,830 crore, also exceeding poll forecasts, driven by strong cement sales volumes.
  • EBITDA grew 35.2% to ₹3,915 crore, with the EBITDA margin improving to 17.94% from 16.28% in the previous year.
  • The company commissioned new capacity at Dhule, Maharashtra, and Nathdwara, Rajasthan, increasing domestic grey cement capacity to 188.66 mtpa.
  • UltraTech invested ₹2,357 crore in ongoing capital expenditure and improved its net debt-to-EBITDA ratio to 1.08x.

Why It Matters: UltraTech Cement exceeded Q3 profit and revenue estimates, driven by robust sales and strategic capacity expansion.

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