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

UltraTech Cement, India’s largest cement manufacturer, reported a 17 per cent year-on-year (YoY) decline in consolidated net profit to Rs 1,470 crore for the third quarter of FY25. Despite the drop, the figure exceeded analyst expectations,

UltraTech, India's top cement maker by capacity, signalled better core profit in upcoming quarters as the market absorbed price hikes and demand picked up, after it reported an earnings beat on Thursday on strong volumes.

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.