Ultratech Cement News

The company's expenses for the quarter under review stood at Rs 1,042.19 crore, falling slightly as compared to Rs 1,190.24 crore in Q1 FY25, according to the filing. However, the expenses were higher than the total revenue (revenue from operation + other income) of Rs 1,033.85 crore, dragging cement manufacturing firm in the losses.

Domestic grey cement sales increased by 10.5 per cent year-on-year to 28.1 million tonnes.

UltraTech Cement revolutionizes home-building guidance with its innovative ‘UltraTech se Pucho’ initiative, combining AI Vision, AR, and Generative AI to transform its logos into interactive hubs of expert advice.

UltraTech made a financial investment in India Cements to acquire 22.77 per cent equity at a price of Rs 268 per share in June this year.  

UltraTech Cement reported a 37.9 percent decline in its consolidated net profit. The firm loosed Rs 1062.58 crore for the 3rd quarter of FY2022-23. The company posted a net profit of Rs 1,710.14 crore in the October-December period a year ago.

On NSE, shares of the company gained 2.73 per cent to settle at Rs 7,870.10 apiece. The leading cement producer had posted a net profit of Rs 1,584.58 crore in the October-December quarter a year ago.

The move comes days after rival Dalmia Cement said its Rs 6,350 crore bid to buy Binani Cements Ltd has been accepted by the lenders.

UltraTech Cement`s net profit in the third quarter of 2016-17 went up by 4.76 per cent, a regulatory filing by the company showed here on Saturday.

Quarterly earnings from bluechips Reliance Industries and Wipro would largely influence market trend this week in the absence of any major domestic triggers, say experts.

UltraTech Cement's Rs 17,000 crore proposed acquisition of Jaiprakash Associates's cement plants is expected to be completed by June 2017, a top official from the Aditya Birla Group's flagship firm has said.

Aditya Birla Group firm UltraTech Sunday announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector.

The Rs 5,400-crore deal between India's largest cement maker Ultratech and Jaiprakash Associates (JAL) to acquire the latter's two cement plants has been called off on account of lack of regulatory approvals.

Ultratech Cement Wednesday reported a 37 percent growth in its consolidated net profit to Rs 545.92 crore for the quarter ended December 2015 on lower operating costs and higher sales.

The dip in profit was on account of a penalty imposed by CCI on cartelisation charges.

UltraTech's proposed buyout of two cements plants from Jaiprakash Associates Ltd (JAL) has got the approval of fair trade watchdog CCI, which said the deal is unlikely to have an adverse impact on competition.

Ultratech Cement on Saturday reported a 24 percent dip in consolidated net profit at Rs 657.2 crore for the fourth quarter of 2014-15, mainly on account of a penalty imposed by CCI on cartelisation charges.

The court verdict will enable Gotan Limestone Khanij Udyogto, a wholly owned subsidiary of Ultratech Cement, take possession and operate the mines, Ultratech said.

UltraTech Cement Friday reported a marginal increase in consolidated net profit at Rs 399.98 crore for the quarter ended December 31, 2014, from Rs 395.11 crore in the same period last year.

In one of the biggest deals in the cement sector, Aditya Birla Group firm Ultratech will acquire two plants from Jaiprakash Associates (JAL) in Madhya Pradesh for an enterprise value of Rs 5,400 crore.

The company's installed capacity has been scaled up to nearly 62 million tonnes (MT) annually, inclusive of 3 MT overseas.