UltraTech Cement, the flagship cement business of Aditya Birla Group, has delivered a robust quarterly performance for Q1FY25. The company reported consolidated net sales of Rs. 17,879 crores, a slight increase from Rs. 17,519 crores in the same period last year. Profit before interest, depreciation, and tax (PBIDT) stood at Rs. 3,205 crores, compared to Rs. 3,223 crores previously. Profit after tax (PAT) reached Rs. 1,697 crores, marginally up from Rs. 1,688 crores last year.
Key Highlights of Q1FY25 include a year-on-year domestic sales volume growth of 6 per cent, a 17 per cent reduction in energy costs primarily due to lower fuel prices, and a marginal 1 per cent increase in raw material costs attributed to the rising prices of fly ash and slag. UltraTech commenced 23 MW of Waste Heat Recovery System (WHRS) capacity during the quarter, bringing its total WHRS capacity to 301 MW. The share of green power, including WHRS and renewable energy (RE) power, in the company's power mix is now 29.4 per cent. Following the successful commissioning of 13.3 million tonnes per annum (mtpa) capacity of grey cement in FY24, UltraTech added an additional 8.7 mtpa capacity during the quarter. With ongoing expansions and the proposed acquisition of the cement business of Kesoram Industries, UltraTech’s grey cement capacity is set to increase to 199.6 mtpa, including its overseas capacity of 5.4 mtpa.
UltraTech Cement’s financial performance for Q1FY25 highlights its continued resilience and strategic growth amidst fluctuating market conditions. The company reported net sales of Rs. 17,879 crores, up from Rs. 17,519 crores in Q1FY24. Profit before interest, depreciation, and tax stood at Rs. 3,205 crores, slightly down from Rs. 3,223 crores in the previous year. Profit after tax reached Rs. 1,697 crores, compared to Rs. 1,688 crores in Q1FY24. These figures underscore UltraTech Cement's solidified position as a leader in the cement industry.
