Now Reading: UltraTech Cement Q2 profit jumps 21%, shares slip on profit miss
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UltraTech Cement Q2 profit jumps 21%, shares slip on profit miss
UltraTech Cement Q2 profit jumps 21%, shares slip on profit miss
The Story in Brief
UltraTech Cement reported a 21% year-on-year rise in consolidated net profit for the September quarter, with figures of Rs 1,494 crore (Business Standard) and Rs 1,501 crore (CNBC-TV18). Revenue from operations grew 19% to Rs 23,295 crore, while domestic grey-cement sales volumes rose 13 to 14%, lifting capacity utilisation to 71%.
CNBC-TV18 noted results were mixed against its analyst poll: net profit came below the Rs 1,553 crore estimate, while revenue and EBITDA exceeded expectations. Shares of UltraTech fell over 2% to Rs 10,705 on Monday, 19 October. Business Standard reported the company is on track to increase capacity to over 240 mtpa by March 2028, and that it launched a wires and cables business under the Ultravolt brand.
The Economic Times liveblog carried intraday price updates but no quarterly earnings figures.
Indian Opinion Analysis
Business Standard and CNBC-TV18 both report a 21% rise in net profit, but their emphasis diverges. Business Standard leads with the absolute profit figure and revenue growth, then details expenses and capacity expansion, a straight quarterly report. CNBC-TV18 leads with profit growth and immediately contrasts it against its own analyst poll, noting the profit miss, the EBITDA beat, and the stock’s 2% fall, a market-reaction frame. The stock price decline (down to Rs 10,705) appears only in CNBC-TV18, Business Standard omits the negative share reaction entirely. Between them, they offer a complete picture: the operational numbers are strong, but the market expected more on the bottom line.
Coverage: 3 sources, 3 neutral
Sources (3): economictimes.indiatimes.com (neutral report), business-standard.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
