UltraTech Cement Ltd

(ULTRACEMCO)

UltraTech Cement Reports Q2 Losses Amidst Competition - 21 Oct, 2024

UltraTech Cement's Q2 results show a significant profit decline of 36% to ₹825 crore, missing estimates due to intense competition and subdued demand. Revenue also fell 2% to ₹15,635 crore. JP Morgan's overweight rating offers some optimism with a target price of ₹13,750.

UltraTech Cement Faces Weak Q2 Performance Outlook - 20 Oct, 2024

UltraTech Cement is expected to report a disappointing Q2FY25, with net profit projected to fall 17.06% YoY to Rs 1,062 crore due to weak prices, delayed infrastructure activities, and high costs. Revenue is anticipated to decline by 2.7% YoY. Analysts are concerned about demand slowdown and pricing pressures amidst challenging market conditions.

UltraTech Cement Expands Capacity and Showcases Innovations - 17 Oct, 2024

UltraTech Cement has commissioned an additional 1.2 MTPA grinding capacity at Arakkonam, raising total capacity to 156.06 MTPA. The company reported a slight increase in Q1 FY25 profit and showcased innovative specialty concrete at a major industry event.

UltraTech Cement Expands Grinding Capacity in Tamil Nadu - 16 Oct, 2024

UltraTech Cement has commissioned an additional 1.2 mtpa grinding capacity at its Arakkonam unit in Tamil Nadu, increasing total capacity to 156.06 mtpa. This expansion supports the company's strategy to enhance market presence and meet rising cement demand in India.

UltraTech Cement Faces Tax Demand from Authorities - 11 Oct, 2024

On October 10, 2024, UltraTech Cement Limited received an order confirming a service tax demand of INR 303,696, along with applicable interest and penalty for alleged irregular CENVAT credit availment.

UltraTech Cement Expected to Report Decline in Q2FY25 - 10 Oct, 2024

MOSL forecasts a 27% YoY decline in UltraTech Cement's net profit to ₹930 crore for Q2FY25, with net sales expected to decrease by 2.4% to ₹15,630 crore. EBITDA is projected to fall by 29%, indicating challenging market conditions.

Cement Sector Faces Profit Halving Amid Low Prices - 09 Oct, 2024

Analysts predict that domestic cement producers, including UltraTech Cement, will experience a significant profit decline due to low volume growth and reduced prices, leading to earnings downgrades.

UltraTech Cement Reports Strong Profit Growth - 08 Oct, 2024

UltraTech Cement's managing director outlines aggressive capacity expansion plans to reach 200 MT by March 2027. Despite challenges in Q2FY25, the company reported significant profit growth in FY24.

UltraTech Cement Expands with India Cements Acquisition - 07 Oct, 2024

UltraTech Cement has strengthened its position in the market by acquiring a controlling 32.7% stake in India Cements for Rs 3,954 crore, following earlier investments. This move highlights UltraTech's strategy to enhance its market share amid competition from Adani Group.

UltraTech Cement Boosts Stake in Windfarm Investment - 01 Oct, 2024

UltraTech Cement has announced an increase in its stake in Continuum MP Windfarm from 3.28% to 5.46%, investing Rs 24.35 crore for the additional equity shareholding.

UltraTech Cement Market Update and Performance - 28 Sep, 2024

UltraTech Cement, India's largest cement manufacturer, holds a 28.5% market share. Shares closed at Rs. 11,960, down 0.84%. It constitutes 4.14% of BlackRock's India Fund.

UltraTech Cement Set for Major Capacity Expansion - 27 Sep, 2024

UltraTech Cement aims to surpass 200 MTPA capacity by FY27, exceeding US and European production levels. The company anticipates 8% demand growth in FY25, supported by strategic acquisitions and sustainability-linked financing.

Positive Outlook for UltraTech Cement Amid Legal Relief - 26 Sep, 2024

UltraTech Cement received legal relief as the Gujarat High Court stayed criminal proceedings against its directors. The company anticipates 8% demand growth in FY25, with Citi recommending a buy with a target price of ₹13,000.

India Cements' Director Highlights UltraTech's Role - 24 Sep, 2024

Rupa Gurunath, whole time director of India Cements, expressed confidence in UltraTech Cement's ability to secure the company's future, while remaining non-committal on a potential merger.

UltraTech Cement Expands Stake in India Cements - 23 Sep, 2024

UltraTech Cement is acquiring a 32.72% stake in India Cements for ₹3,954 crore, raising its total ownership to 55.49%. The company assures employee welfare amid regulatory approvals.