ULTRACEMCO UltraTech Cement Q2 FY26 results (Jul–Sep 2025) and concall
UltraTech delivered a beat on both volume and margins in Q3 FY26, surprising the market positively. The CFO opened with an exhaustive infrastructure pipeline across all regions to emphasize the long-term demand story. Phase 4 expansion orders are placed, efficiency programs are ahead of internal targets (₹100+ per ton expected this year), and the balance sheet is rapidly deleveraging to 1.08x net debt/EBITDA. Management is highly confident about Q4 and beyond.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 16,914 | 21,135 | 19,635 | 17,864 |
| EBITDA | 2,786 | 4,610 | 4,202 | 2,770 |
| Net profit | 1,324 | 2,682 | 2,232 | 1,064 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
