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UltraTech Cement shares will be in focus on Tuesday after the company reported a 10% year-on-year (YoY) rise in consolidated net profit to Rs 2,482 crore for the March quarter. Revenue grew 13% YoY to Rs 23,063 crore.In Q4, the company's EBITDA rose 11% YoY to Rs 4,721 crore, reflecting a healthy margin recovery driven by operating efficiencies and lower input costs.
Domestic grey cement volumes grew 10% YoY to 36.46 million tonnes during the quarter, supported by a strong pickup in housing and commercial demand across key markets.UltraTech improved its grey cement realisation by 1.
6% sequentially to Rs 5,052 per tonne, although it was down 2.3% on a YoY basis. Logistics and fuel costs declined by 5% and 16% YoY, respectively.
For FY25, revenues stood at Rs 74,936 crore, up 7% YoY.Also Read:Jio Financial Services, Polycab among 10 largecap stocks where FIIs cut stakes in Q4 FY25Should you buy, sell, or hold UltraTech Cement's stock? Here’s what brokerages say:NuvamaNuvama maintained a 'Hold' rating on UltraTech Cement while raising the target price to Rs 11,859 from Rs 11,574.The brokerage noted that the company’s performance was in line with expectations and that its growth trajectory remains intact.
Management expects to achieve double-digit organic volume growth in FY26E and is on track to reach approximately 211 million tonnes per annum (mtpa) of domestic capacity by FY27.Factoring in a better pricing environment, Nuvama has revised its EBITDA estimates upward by 2% for FY26E and 1% for FY27E.AntiqueAntique maintained a 'Buy' rating on UltraTech Cement, keeping the target price unchanged at Rs 12,800.
The brokerage highlighted that the company is targeting cost savings of over Rs 300 per tonne for its existing assets over FY25–27E, with Rs 86 per tonne already realised in FY25. Antique has retained its EBITDA estimates for FY26E and FY27E.The stock is currently trading at approximately 17 times its FY27E EV/EBITDA and at a valuation of USD 195 per tonne in terms of EV/ton.
Also Read: Aptus Value, Chambal Fertilisers among 10 small-cap stocks where FIIs increased stake in Q4(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times).
