UltraTech Cement shares rose 1% following strong Q3 results, with a 17% YoY profit decline but revenue exceeding estimates. Brokerages remain positive, with target prices ranging from Rs 12,100 to Rs 13,

UltraTech Cement, India's biggest cement maker by capacity, reported third-quarter earnings above estimates on Thursday on the back of strong volume growth, sending its shares soaring 7% in afternoon trade.

The cement major was expected to report an on-year fall of 26 percent in net profit, weighed down by lower realisations, depreciation.

UltraTech reported a 13 per cent YoY increase in sales volumes in rural areas, reflecting strong economic conditions in rural markets, supported by higher minimum support prices for crops

UltraTech Cement , India's biggest cement maker by capacity, reported better-than-expected third-quarter earnings, as strong volume growth outweighed a hit from weaker prices of the construction material.

UltraTech Cement reported a 16.5% year-on-year decline in Q3FY25 profit, with a standalone profit after tax of ₹1,434 crore, compared to ₹1,718 crore in the same quarter last year.