India's largest cement maker UltraTech Cement on April 27 reported a 20 percent increase in its consolidated net profit at Rs 2,983 crore for the quarter ended March 31, 2026. It reported net profit of Rs 2,482 crore in the year-ago period.

The growth in net profit was driven by a 9.3 percent increase in sales volumes to 42.41 million tonne for the quarter, with capacity utilisation reaching 89 percent. The Aditya Birla Group firm's revenue from operations rose 12% to Rs 25,799 crore in Q4FY26 as compared to Rs 23,063 crore in Q4FY25. UltraTech declared a dividend of Rs 240 per share for FY26.

During the year, UltraTech reached a capacity of around 197 million tonne per annum (MTPA), with the company having crossed the 200 MTPA mark since then, through greenfield and brownfield additions at Shahjahanpur, Patratu, and Visakhapatnam. The company spent Rs 9,600 crore on capital expenditure in FY26, and plans to spend Rs 16,000 crore over three years to take its capacity to over 240 MTPA.

The company's earnings before interest, taxation, depreciation, and amortisation (EBITDA) for the quarter grew 20 percent to Rs 5,688 crore, its highest ever for any quarter. The EBITDA on a per tonne basis, a key metric for cost competitiveness and price realisation, grew by 11 percent over the same period to Rs 1,253, including operations of its subsidiary India Cements and its sales under the UltraTech brand, according to an investor presentation.

UltraTech's net debt at the end of FY26 was Rs 16,620 crore, a reduction from the Rs 17,669 crore reported at the end of FY25.

Sales realisations for the quarter remained largely flat year-on-year at Rs 5,034 per tonne. UltraTech reported a decrease in costs under most heads, including logistics, fuel, and power. However, costs of raw materials showed a 6 percent increase on an annual basis, as fly ash costs increased, as did costs of raising limestone from its mines.

In fuel, the company continued to reduce its fuel rate to Rs 1.77 per kilocalorie of energy consumed, although it reduced its dependence on petcoke in the energy basket, as global petcoke prices increased.

"Notwithstanding the geopolitical conflict in West Asia, which exerted upward pressure on fuel prices, packaging materials, diesel, and ocean freight, the company’s resilient procurement strategy and diversified sourcing helped substantially mitigate the impact," UltraTech said in a release, on recent disruptions in the global energy market due to the conflict.