UltraTech Cement Ltd (ULTRACEMCO)

UltraTech Cement's Full-Year Results Meet Analyst Estimates - 02 May, 2024

UltraTech Cement has reported revenues of ₹709b and statutory earnings per share of ₹243, in line with analyst estimates. The consensus price target remains at ₹10,938, with the latest estimates not impacting it. Analysts predict a 9.9% increase in revenue to ₹779.0b in 2025 and a 22% rise in EPS to ₹297.

UltraTech Cement Reports Strong Q4 Results - 01 May, 2024

UltraTech Cement reports a successful Q4 with increased revenue and profit growth, while also forecasting continued growth over the next three years. Other Indian cement makers have also reported better-than-expected profits.

UltraTech Cement Reports Impressive Q4 Results Amid Cost Reduction Plans - 30 Apr, 2024

UltraTech Cement reports strong Q4FY24 results with a 36% YoY increase in consolidated net profit driven by a reduction in fuel costs and double-digit volume growth. The company plans to reduce its cost of production per tonne by Rs 200-300 over the next three years through various initiatives. Analysts remain bullish on the firm's future prospects.

UltraTech Cement Reports Strong Financial Results and Expansion Plans - 29 Apr, 2024

UltraTech Cement reports strong financial results with a surge in profits, expansion plans, and the highest-ever dividend payout of Rs 70 per share. The company expects demand for cement to remain robust across all sectors due to increased government spending on infrastructure and housing push.

UltraTech Cement Expected to Report 18% YoY Jump in Net Profit - 28 Apr, 2024

UltraTech Cement is expected to report a net profit of Rs 1,962 crore for Q4 FY2023-24, an 18% YoY increase. Revenue from operations is likely to remain at Rs 20,057 crore, up by 8.50% YoY and 21.26% QoQ. The company will announce its earnings on April 29.

UltraTech Cement Faces Acquisition Hurdles, Signs MoU with RITES Ltd. - 26 Apr, 2024

UltraTech Cement is set to release its Q4 results, with analysts predicting robust earnings despite weak cement prices. The company has signed an MoU with RITES Ltd for rail infrastructure projects, but faces potential hurdles in acquiring Orient Cement due to CCI approval challenges.

UltraTech Aims for Higher Production Capacity Amid Deal Hindrances - 25 Apr, 2024

UltraTech Cement aims to increase its production capacity while facing hindrances in its deal with Jaypee Cement due to pending approvals and ongoing arbitration. Analysts have a target price of Rs 11,300 for the company.

UltraTech Cement Receives Demand Notice from DGSTO, Kotak AMC Bullish on Cement Sector - 23 Apr, 2024

UltraTech Cement has received a demand notice from the Deputy Commissioner, Divisional GST Office (DGSTO), Kalaburagi, Karnataka, while Kotak AMC's CIO-Equity, Harsha Upadhyaya, is bullish on the cement sector's future earnings growth.

UltraTech Cement Acquires Grinding Unit from India Cements - 22 Apr, 2024

UltraTech Cement acquires a 1.1 MTPA grinding unit in Parli, Maharashtra, from India Cements for Rs 315 crore and invests Rs 504 crore for capacity expansion. Morgan Stanley maintains an overweight rating on the stock.

UltraTech Cement Acquires Grinding Unit, Plans Capacity Expansion - 21 Apr, 2024

UltraTech Cement has announced the acquisition of a grinding unit from India Cements for Rs 315 crore and plans to invest an additional Rs 504 crore in expanding the capacity of two units. The expansions will be funded through internal accruals and completed by FY26.

UltraTech Cement Acquires Grinding Unit from India Cements - 20 Apr, 2024

UltraTech Cement has acquired a grinding unit from India Cements in Parli, Maharashtra, for Rs 315 crore. The company also approved a brownfield expansion of 3 mtpa capacity at its Parli and Dhule units with an investment of Rs 504.4 crore.

Analysts Prefer Ultratech Cement, Ambuja Cements and Shree Cement - 18 Apr, 2024

According to analysts, Ultratech Cement, Ambuja Cements, and Shree Cement are preferred picks due to their strong balance sheets, lean cost structure, and well-calibrated expansion.

Prabhudas Lilladher Expects Ultratech Cement to Report Strong Q4 Results - 17 Apr, 2024

Ultratech Cement is expected to report a net profit of Rs. 1,959.9 crore, up 18.3% YoY and 15.1% QoQ, with net sales increasing by 5.4% YoY and 18.1% QoQ to Rs. 19,092.9 crore in Q4 2024. EBITDA is likely to rise by 9.3% YoY and 12.9% QoQ to Rs. 3,432.9 crore.

Ultratech Cement Faces Oversupply Concerns Despite Revenue Growth - 16 Apr, 2024

Despite expected revenue growth in the upcoming quarter, shares of Ultratech Cement and other cement companies are sliding due to oversupply and valuation concerns. However, healthy demand from government infrastructure projects may lead to buying interest for companies that manage margins well.

UltraTech & Adani Cement Expand Capacity Amidst Growing Demand - 12 Apr, 2024

UltraTech Cement is expanding its capacity while Adani Group targets a 20% market share by FY28 amidst growing demand in the Indian cement industry.

Cement Producers' Profitability Likely to be Hit in March Quarter - 10 Apr, 2024

UltraTech Cement, Dalmia Bharat and Ramco Cement have fallen 7-21% in the March quarter due to weak pricing overshadowing benefits from lower raw material costs and high-single digit growth in sales volumes. The average prices of cement are down 5-6% in the March quarter as compared with Oct-Dec, resulting in a lower operating profit made by companies on every tonne of cement sold.

UltraTech Cement Gains After Strong Earnings Growth Outlook - 08 Apr, 2024

UltraTech Cement's stock gained after Sharekhan recommended a Buy rating with a revised price target of Rs. 11,900 due to strong earnings growth outlook over FY2024E-FY2026E. The company expanded its grey cement capacity post Q3FY2024 and remains on track to achieve domestic and overall capacity targets for FY2025 and FY2027. Additionally, cement demand revived in Q4FY2024 following a weak Q3FY2024, potentially leading to improved sales volumes and performance.

UltraTech Commissions Solar Energy Project, Receives NCLT Approval - 05 Apr, 2024

UltraTech Cement has commissioned a 100 MW solar energy project in Rajasthan and received NCLT approval for the proposed scheme of amalgamation. The company also announced commissioning of two new greenfield capacities, taking total cement capacity to 151.6 million tonnes per annum. Motilal Oswal remains positive on Ultratech Cement's prospects.

UltraTech Cement Commissions New Capacity, Solar Project Amidst Price Fall - 04 Apr, 2024

UltraTech Cement commissions new capacity, takes overall capacity to 151 mtpa amidst price fall in some regions. The company also commissions a 100 MW AC solar energy project in Rajasthan. Cement rates are set for hike in April. In Q3, UltraTech Cement reports a net profit increase of 68% YoY to ₹1,777 crore.

UltraTech Commissions New Capacities and Plans Capex - 03 Apr, 2024

UltraTech Cement has commissioned two new greenfield capacities taking its total capacity to 151.6 MTPA and plans a capex of Rs.32,400 crores over the next three years. The company is also in the process of acquiring Kesoram Cement.