ULTRACEMCO · Construction Materials
UltraTech Cement Ltd. reported revenue of ₹16,740 cr for October to December 2023, — on the year and +4.5% on the quarter.
Operating profit (EBITDA) was ₹3,255 cr, a margin of 19.4%, — on the year and +351 bps on the quarter.
Net profit was ₹1,775 cr, — on the year and +38.7% on the quarter, with earnings per share of ₹61.55.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16,012 cr | ₹16,740 cr | ₹20,419 cr | ₹18,819 cr | ₹16,294 cr | ₹17,779 cr | ₹23,063 cr | ₹21,275 cr | ₹19,607 cr | ₹21,830 cr | ₹25,799 cr | ₹24,648 cr |
| YoY | — | — | — | +6% | +2% | +6% | +13% | +13% | +20% | +23% | +12% | +16% |
| EBITDA margin | 15.9% | 19.4% | 20.1% | 16.0% | 12.4% | 16.3% | 20.0% | 20.7% | 15.8% | 17.9% | 21.7% | 20.3% |
| Other income, % of PBT | 10% | 6% | 2% | 4% | 26% | 15% | 3% | 5% | 11% | 2% | 2% | 3% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 25% | 27% | 20% | 19% | 19% | 20% | 26% | 25% | 24% | 25% | 25% |
| Net profit | ₹1,280 cr | ₹1,775 cr | ₹2,259 cr | ₹1,493 cr | ₹708 cr | ₹1,363 cr | ₹2,475 cr | ₹2,221 cr | ₹1,238 cr | ₹1,729 cr | ₹3,000 cr | ₹2,604 cr |
| YoY | — | — | — | −12% | −45% | −23% | +10% | +49% | +75% | +27% | +21% | +17% |
| Core profit YoY | — | — | — | −15% | −57% | −35% | −1% | +62% | +127% | +55% | +30% | +17% |
| EPS | ₹44.39 | ₹61.55 | ₹78.22 | ₹51.78 | ₹24.34 | ₹47.09 | ₹84.23 | ₹75.54 | ₹41.79 | ₹58.55 | ₹101.22 | ₹88.21 |
| Flags | · | · | · | ✓ | 2 | 2 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
UltraTech Cement Ltd. reported revenue of ₹16,740 cr (— on the year) and net profit of ₹1,775 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.