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,

Citi remains optimistic about UltraTech Cement's growth trajectory following its Q3 FY25 results, projecting a 12 per cent volume CAGR for FY25-27. With an upgraded target price of ₹13,100, the brokerage cites EBITDA/ton improvements and robust profitability as key drivers.

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.