Ultratech cement shares were surging upwards of 6 per cent on NSE (Mational Stock Exchange), after company announced their quarterly financials for quarter ended at december 31.

The shares of Ultratech Cement touched a day high level of Rs 11,571.45 per share after ringing the opening bell at Rs 10,690.00 per share on nthe indian bourses with jump of almost 0.03 per cent.

Ultratech Cement shares were trading around Rs 11,418.05 per shar on the Indian Exchages with a moderater surge of 6.77 per cent amounting to a Rs 724.30 per share on the exchanges.

Ultratech Cement Q3 FY25

In an exchange filing on Thursday, grey cement manufacturer UltraTech Cement reported a 17.3 per cent drop in its consolidated net profit to Rs 1,469.5 crore for the third quarter of the fiscal year 2024–2025. The net profit for the corresponding quarter in previous year was Rs 1,776.98 crore.

Compared to Rs 16,739.97 crore in the same period last fiscal year, revenue from operations climbed 2.7 per cent to Rs 17,193.33 crore in the quarter under review.

Capacity utilisation rate

During the quarter, UltraTech's capacity utilization rate was 73 per cent/. YoY, domestic sales volume increased by 10 per cent. In a regulatory filing, the company stated that the decline in fuel prices was the primary reason for the 13 per cent YoY and 4 per cent QoQ decrease in energy costs.

The cement manufacturer commissioned an extra 1.8 million tonnes per annum (mtpa) of capacity as part of its capacity expansion program. After acquiring The India Cement Ltd., UltraTech's consolidated cement capacity increased to 171.11 mtpa.

According to the company, sustained volume growth of 7 per cent to 8 per cent is expected in the future due to the government's emphasis on housing and infrastructure projects as well as rising demand in both urban and rural areas.