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

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 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 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.