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UltraTech targets raised after strong Q3
Business Standard|January 25, 2025
Although UltraTech Cement's results for the December quarter were not an improvement compared to the current financial year (Q3FY25) of the current fiscal, the company managed to surpass street expectations.
- TANMAY TIWARY
UltraTech targets raised after strong Q3

The firm's profit attributable to the owners of the parent dropped to ₹1,469.5 crore in Q3FY24 (as against ₹1,499.5 crore year-on-year/ Y-o-Y/17.4 per cent Y-o-Y in Q3FY24). UltraTech Cement's revenue, however, grew 2.7 per cent Y-o-Y to ₹17,193.3 crore in Q3FY25. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) fell 1.3 per cent annually to ₹2,584.6 crore in Q3FY24 from ₹2,571 crore in Q3FY23. Subsequently, Ebitda margin squeezed to 19.8 per cent in Q3FY24 from 19.4 per cent in Q3FY24.

UltraTech Cement's Q3 results exceeded Bloomberg analysts' estimates of a profit of ₹1,323 crore and revenue of ₹17,129 crore.

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UltraTech targets raised after strong Q3
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Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

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