UltraTech Cement comes up with a record June quarter, profit surges 17%

UltraTech Cement reported a record June quarter with consolidated net profit surging about 17 percent year-on-year to Rs 2,604 crore and revenue growing about 16 percent to Rs 24,648 crore. Volume growth of 13.1 percent YoY significantly outpaced the industry's expected 7-8 percent, with EBITDA rising 12 percent to Rs 5,146 crore despite elevated imported fuel costs. The company guided for costs to increase by Rs 130-140 per tonne in the seasonally weak monsoon quarter while expanding annual capacity to about 212 MT this fiscal and 242 MT by FY28.