Shares of UltraTech Cement Ltd. fell on Friday despite the third quarter numbers being slightly ahead of expectations. However, while most analysts remain positive, CLSA remains cautious on the stock’s valuation, suggesting a balanced risk-reward profile at current levels.

Despite the decline in profit, the quarter 3 results exceeded Street expectations, with net profit surpassing the estimated Rs 1,195 crore. Revenue also beat forecasts, which had predicted Rs 16,854 crore.

Shares of UltraTech Cement Ltd soared by almost 7% after the company reported a consolidated net profit of Rs 1,473.51 crore for Q3. The stock closed at Rs 11,422.70 on BSE. This rise came despite a year-on-year decline in profit.

UltraTech Cement reports 17% decrease in net profit, despite revenue increase, due to lower realisation and rising costs.

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.