UltraTech Cement Limited has informed the Exchange regarding Change in Auditors of the company.
ULTRACEMCO · price
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On the reaction day the stock moved in line with Nifty 100 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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UltraTech Cement's board, at its meeting on 21st July 2025, approved Q1 FY26 standalone and consolidated unaudited financial results. Consolidated revenue from operations rose to ₹21,275.45 crores (vs ₹18,818.56 crores YoY), while net profit jumped to ₹2,220.91 crores (vs ₹1,493.45 crores YoY), a ~49% increase. Operating margin expanded to 21% from 16% a year ago. The board recommended appointing Deloitte Haskins and Sells LLP as Joint Statutory Auditor for a five-year term, subject to shareholder approval at the upcoming AGM. Independent Director Mr. Sunil Duggal's term ends on 13th August 2025, and he will not seek reappointment; Mr. V. Chandrasekaran has been proposed as a new independent director for a five-year term. Results include contributions from recent acquisitions of Wonder WallCare, India Cements, Kesoram's cement business, and the UAE-based RAK White Cement.
Strong double-digit profit growth and margin expansion are positive for shareholders. The planned auditor rotation to Deloitte is a routine governance step, not a mid-term resignation, and should be neutral for the stock. The orderly independent director transition also signals stable board governance.