UltraTech Cement Limited has informed the Exchange about Transcript
ULTRACEMCO · price
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UltraTech reported Q4 FY-25 results with ~10% volume growth against ~4% industry growth, taking total capacity to 184 million tonnes (from 140 million) after integrating Kesoram and India Cements acquisitions. EBITDA per tonne stood at INR1,270 on a like-for-like basis and INR1,238 including Kesoram. India Cements hit EBITDA breakeven in its first quarter under UltraTech, sold 1 million tonnes in March, and is targeted to reach INR500/tonne this year and INR800 by FY-27, backed by INR1,500 crore of capex. The cost-efficiency programme has delivered INR86/tonne of the targeted >INR300/tonne, expected by FY-27. Net debt-to-EBITDA is 1.16x with a stated comfort level of 0.5x; FY-26 capex guided at INR9,000–10,000 crore, of which INR7,000 crore will lift capacity toward 212 million tonnes.
Reinforces UltraTech's growth-plus-margin story with concrete multi-year targets on cost, capacity, and deleveraging, which should support investor confidence. Short-term concerns are limited to heat-wave-driven April–May volume softness and South pricing sustainability, but the strong Q4 print and visible earnings levers at India Cements and Kesoram are positive for the stock.