29-Apr-2025, 04:37
On consolidated basisQuarter ended March 2025 compared with Quarter ended March 2024.
Net sales (including other operating income) of UltraTech Cement has increased 12.95% to Rs 23063.32 crore.
Operating profit margin has declined from 20.15% to 20.03%, leading to 12.26% rise in operating profit to Rs 4,618.44 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 14.23% to 15.46%. Purchase of finished goods cost rose from 2.50% to 2.56%. Employee cost increased from 3.76% to 4.30%. Other expenses fell from 58.89% to 57.45%. Power and Oil fuel cost fell from 24.26% to 22.88%. Freight charges fell from 23.30% to 22.68%. Other income fell 24.69% to Rs 102.13 crore. PBIDT rose 11.08% to Rs 4720.57 crore. Provision for interest rose 81.90% to Rs 475.04 crore. Loan funds rose to Rs 24,102.18 crore as of 31 March 2025 from Rs 11,402.95 crore as of 31 March 2024. Inventories rose to Rs 9,562.98 crore as of 31 March 2025 from Rs 8,329.74 crore as of 31 March 2024. Sundry debtors were higher at Rs 5,890.25 crore as of 31 March 2025 compared to Rs 4,278.16 crore as of 31 March 2024. Cash and bank balance rose to Rs 1,673.32 crore as of 31 March 2025 from Rs 783.21 crore as of 31 March 2024. Investments declined from Rs 8,248.95 crore as of 31 March 2024 to Rs 5,156.47 crore as of 31 March 2025. PBDT rose 6.45% to Rs 4245.53 crore. Provision for depreciation rose 38% to Rs 1124.57 crore. Fixed assets increased to Rs 93,116.63 crore as of 31 March 2025 from Rs 63,343.30 crore as of 31 March 2024. Intangible assets increased from Rs 6,345.49 crore to Rs 7,681.78 crore. Profit before tax down 1.65% to Rs 3,120.96 crore. Extraordinary items were increased to Rs -9.35 crore. Provision for tax was expense of Rs 626.05 crore, compared to Rs 851.94 crore. Effective tax rate was 20.19% compared to 27.39%. Net profit attributable to owners of the company increased 9.92% to Rs 2,482.04 crore. Equity capital increased from Rs 288.69 crore as of 31 March 2024 to Rs 294.68 crore as of 31 March 2025. Per share face Value remained same at Rs 10.00. Promoters' stake was 59.23% as of 31 March 2025 ,compared to 59.95% as of 31 March 2024 .
Full year results analysis.
Net sales (including other operating income) of UltraTech Cement has increased 7.12% to Rs 75955.13 crore.
Operating profit margin has declined from 18.29% to 16.53%, leading to 3.17% decline in operating profit to Rs 12,557.45 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 14.44% to 15.57%. Purchase of finished goods cost rose from 2.44% to 2.46%. Employee cost increased from 4.28% to 4.75%. Other expenses rose from 60.57% to 60.69%. Power and Oil fuel cost fell from 25.75% to 24.25%. Freight charges rose from 22.37% to 22.99%. Other income rose 20.62% to Rs 744.17 crore. PBIDT fell 2.09% to Rs 13301.62 crore. Provision for interest rose 70.51% to Rs 1650.54 crore. Loan funds rose to Rs 24,102.18 crore as of 31 March 2025 from Rs 11,402.95 crore as of 31 March 2024. Inventories rose to Rs 9,562.98 crore as of 31 March 2025 from Rs 8,329.74 crore as of 31 March 2024. Sundry debtors were higher at Rs 5,890.25 crore as of 31 March 2025 compared to Rs 4,278.16 crore as of 31 March 2024. Cash and bank balance rose to Rs 1,673.32 crore as of 31 March 2025 from Rs 783.21 crore as of 31 March 2024. Investments declined from Rs 8,248.95 crore as of 31 March 2024 to Rs 5,156.47 crore as of 31 March 2025. PBDT fell 7.66% to Rs 11651.08 crore. Provision for depreciation rose 27.65% to Rs 4014.95 crore. Fixed assets increased to Rs 93,116.63 crore as of 31 March 2025 from Rs 63,343.30 crore as of 31 March 2024. Intangible assets increased from Rs 6,345.49 crore to Rs 7,681.78 crore. Profit before tax down 19.38% to Rs 7,636.13 crore. Extraordinary items were decreased to Rs -97.43 crore. Provision for tax was expense of Rs 1488.49 crore, compared to Rs 2418.26 crore. Effective tax rate was 19.77% compared to 25.67%. Net profit attributable to owners of the company decreased 13.79% to Rs 6,039.11 crore. Equity capital increased from Rs 288.69 crore as of 31 March 2024 to Rs 294.68 crore as of 31 March 2025. Per share face Value remained same at Rs 10.00. Promoters' stake was 59.23% as of 31 March 2025 ,compared to 59.95% as of 31 March 2024 . Cash flow from operating activities decreased to Rs 10,673.43 crore for year ended March 2025 from Rs 10,897.54 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 9,129.33 crore, compared to Rs 9,005.59 crore during the year ended March 2024.
Operational highlights:
Q4FY2025
The Company's consolidated sales volumes reached 41.02 ml mt for the quarter, growing by 17%. Trade volumes grew 7.2% yoy. Domestic operating EBITDA stood at Rs 1270/MT, higher by Rs 84/Mt YoY and Rs 305/MT QoQ. Premium product mix of 30.8%, up 29% yoy.
Others
Expansion:
As part of its ongoing capacity expansion program, UltraTech commissioned 17.40 mtpa capacity across several locations in the country during FY25. It also set up its first bulk terminal in Uttar Pradesh at Lucknow with a capacity to handle 1.8 mtpa of cement. UltraTech's domestic grey cement capacity has increased to 183.36 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company's global capacity stands at 188.76 mtpa. The Company also achieved over 1GW capacity of renewable power installations, making UltraTech one of the first industrial companies in India to commission 1 Gigawatt of Renewable Energy capacity for captive use.
Dividend: The Board of Directors at their meeting held today have recommended a dividend of 775% at the rate of Rs.77.50/- per equity share of face value of Rs.10/- per share.
| UltraTech Cement : Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202503 | 202403 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 23,063.32 | 20,418.94 | 12.95 | 75,955.13 | 70,908.14 | 7.12 | | OPM (%) | 20.03 | 20.15 | -12 bps | 16.53 | 18.29 | -176 bps | | OP | 4,618.44 | 4,113.92 | 12.26 | 12,557.45 | 12,968.56 | -3.17 | | Other Inc. | 102.13 | 135.61 | -24.69 | 744.17 | 616.95 | 20.62 | | PBIDT | 4,720.57 | 4,249.53 | 11.08 | 13,301.62 | 13,585.51 | -2.09 | | Interest | 475.04 | 261.15 | 81.90 | 1,650.54 | 968.00 | 70.51 | | PBDT | 4,245.53 | 3,988.38 | 6.45 | 11,651.08 | 12,617.51 | -7.66 | | Depreciation | 1124.57 | 814.92 | 38.00 | 4014.95 | 3145.3 | 27.65 | | PBT | 3,120.96 | 3,173.46 | -1.65 | 7636.13 | 9472.21 | -19.38 | | Share of Profit/(Loss) from Associates | -10.77 | 9.06 | PL | -10.57 | 22.01 | PL | | PBT before EO | 3110.19 | 3182.52 | -2.27 | 7625.56 | 9494.22 | -19.68 | | EO Income | -9.35 | -72 | 87.01 | -97.43 | -72 | -35.32 | | PBT after EO | 3100.84 | 3110.52 | -0.31 | 7528.13 | 9422.22 | -20.10 | | Taxation | 626.05 | 851.94 | -26.51 | 1488.49 | 2418.26 | -38.45 | | PAT | 2474.79 | 2258.58 | 9.57 | 6039.64 | 7003.96 | -13.77 | | Minority Interest (MI) | -7.25 | 0.46 | LP | 0.53 | -1.04 | PL | | Net profit | 2482.04 | 2258.12 | 9.92 | 6039.11 | 7005 | -13.79 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 2482.04 | 2258.12 | 9.92 | 6039.11 | 7005 | -13.79 | | EPS (Rs)* | 84.48 | 78.40 | 7.76 | 207.59 | 239.53 | -13.33 | | | * EPS is on current equity of Rs 294.68 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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