📝 Introduction
UltraTech Cement, India’s largest cement producer, has posted robust Q4 FY25 results with strong growth across revenue and profitability metrics. The company reported a stellar increase in sales and operating profit, underlining resilient demand and cost efficiency. Here’s a detailed breakdown of UltraTech’s quarterly and yearly performance.
💡 Financial Highlights
| Particulars | Q4 FY25 (Mar’25) | Q3 FY25 (Dec’24) | Q4 FY24 (Mar’24) |
|---|---|---|---|
| Revenue (Sales) | ₹23,063 Cr | ₹17,779 Cr | ₹20,419 Cr |
| Expenses | ₹18,456 Cr | ₹14,885 Cr | ₹16,305 Cr |
| Operating Profit | ₹4,608 Cr | ₹2,893 Cr | ₹4,114 Cr |
| Other Income | ₹93 Cr | ₹247 Cr | ₹73 Cr |
| Interest | ₹475 Cr | ₹457 Cr | ₹261 Cr |
| Depreciation | ₹1,125 Cr | ₹993 Cr | ₹815 Cr |
| Profit Before Tax | ₹3,101 Cr | ₹1,691 Cr | ₹3,111 Cr |
| Net Profit | ₹2,475 Cr | ₹1,363 Cr | ₹2,259 Cr |
| EPS (₹) | ₹ 84.23 | ₹ 47.09 | ₹ 78.22 |
💰 Dividend Announcement
As of now, there is no dividend announcement made by UltraTech Cement in the Q4 FY25 results.
📈 Key Financial Metrics
🔹 YoY Performance (Q4 FY25 vs Q4 FY24)
- Revenue: Up 12.9% YoY
- Operating Profit: Up 12% YoY
- Net Profit: Up 9.6% YoY
- EPS: Up from ₹78.22 to ₹84.23
🔹 QoQ Performance (Q4 FY25 vs Q3 FY25)
- Revenue: Up 29.7% QoQ
- Operating Profit: Up 59.3% QoQ
- Net Profit: Up 81.5% QoQ
- EPS: Up from ₹47.09 to ₹84.23
📊 Key Financial Ratios
| Metric | Q4 FY25 | Q3 FY25 | Q4 FY24 |
|---|---|---|---|
| Operating Profit Margin (OPM%) | 20% | 16% | 20% |
| Net Profit Margin (NPM%) | 10.70% | 7.60% | 11.10% |
| EPS (₹) | 84.23 | 47.09 | 78.22 |
Trends: Stable OPM with slight margin compression YoY; strong improvement QoQ in both OPM and NPM due to operating leverage.
📋 Peer Comparison
| Company | CMP (₹) | Market Cap (Cr) | P/E | P/B | ROE % | ROCE % | 52W High | 52W Low |
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement | 11,673.30 | 3,44,338.55 | 56.29 | 4.86 | 9.34 | 10.93 | 12,341 | 9,534.95 |
| Ambuja Cements | 561.9 | 1,38,317.31 | 33.07 | 2.59 | 8.81 | 10.61 | 706.95 | 452.9 |
| Shree Cement | 31,525.00 | 1,13,804.34 | 101.36 | 5.28 | 5.32 | 6.74 | 31,924.55 | 23,500.00 |
| JK Cements | 5,144.55 | 39,726.94 | 62.95 | 7.19 | 15.94 | 15.8 | 5,389.40 | 3,639.15 |
| ACC | 1,921.90 | 36,102.99 | 15.52 | 1.94 | 13.33 | 17.58 | 2,844.00 | 1,775.05 |
| Nuvoco Vistas | 358.4 | 12,800.48 | 586.11 | 1.4 | 0.24 | 3.95 | 385.65 | 287.05 |
| Birla Corp | 1,373.95 | 10,580.41 | 32.56 | 1.51 | 4.75 | 7.05 | 1,656.90 | 901.85 |
🧭 Strategic Developments
- UltraTech continues to focus on capacity expansion, adding new plants and improving logistics to reduce costs.
- Management highlighted resilient demand in the housing and infrastructure sectors.
- Continued investment in green energy and sustainability goals to improve ESG scores.
- Capex guidance remains steady, with emphasis on North Indian and central markets.
✅ Positives & ⚠️ Negatives
✅ Positives This Quarter:
- Strong QoQ revenue growth (up 29.7%)
- Operating profit more than doubled QoQ
- EPS surged significantly
- Continued focus on cost control and capacity expansion
⚠️ Negatives / Challenges:
- Slight margin pressure YoY due to elevated raw material costs
- Interest and depreciation expenses have increased
- Weak other income impacted bottom-line flexibility
📉 Market Reaction & Street View
- Stock Performance: UltraTech Cement’s stock surged post-results, reflecting positive investor sentiment.
- Analyst Views:
- Motilal Oswal: Reiterates ‘Buy’, raised TP to ₹13,200 – citing strong demand and margin improvement.
- ICICI Securities: Maintains ‘Hold’, TP ₹12,500 – cautious on input cost volatility.
- HDFC Securities: ‘Buy’ with TP ₹13,500 – bullish on long-term infra demand.
🔍 Final Outlook
UltraTech Cement has delivered an impressive Q4 FY25 performance with strong growth across all key parameters. Its strategic capex, cost efficiency, and market leadership position it well for long-term growth. While margin pressures may persist intermittently, the overall demand outlook and execution capabilities remain robust.
🔗 External Links
For detailed financials and official updates, visit: UltraTech Cement Official Website
⚠️ Disclaimer
This summary is based on publicly available information from official filings, press releases, and financial news sources. It is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Readers are advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions.