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, 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 Cement is expected to post around 20 per cent drop in profit during the quarter due to lower realization and higher depreciation. The company will announce Q3 results today.

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.