New Delhi: UltraTech Cement, India’s largest cement maker, posted a strong operational performance in the December quarter (Q3 FY26), with consolidated profit after tax (PAT) rising 32% year-on-year to ₹1,792 crore on the back of robust volume growth, improved cost efficiencies and higher capacity utilisation.
Consolidated revenue for the quarter increased 22.5% YoY to ₹21,506 crore, aided by a 15% growth in consolidated sales volumes to 38.87 million tonnes, according to the company’s investor presentation filed with stock exchanges.
Domestic grey cement volumes rose 15.4% YoY, supported by healthy housing demand across regions and sustained infrastructure spending, even as sporadic construction curbs and labour shortages impacted parts of the North. Capacity utilisation stood at 77%, reflecting strong execution amid a buoyant demand environment.
Operating performance improved meaningfully, with EBITDA per tonne rising ₹140 YoY to ₹1,051, driven by lower logistics, fuel and power costs. Logistics cost per tonne declined 4% YoY, aided by shorter lead distances and better integration of acquired assets, while power cost fell 15% YoY, supported by a higher share of renewable energy and waste heat recovery systems (WHRS).
Fuel costs remained largely stable, despite currency headwinds, helped by improved clinker conversion and a calibrated fuel mix. However, grey cement realisations declined 0.4% YoY and 3.3% QoQ to ₹4,920 per tonne, reflecting competitive intensity in select markets.
The company’s Ready-Mix Concrete (RMC) business continued to scale up, with revenues rising 25.8% YoY to ₹1,848 crore, while overseas cement volumes grew 11.7%, indicating steady traction in international markets.
On sustainability, UltraTech said its green power mix rose to 42.1%, renewable power capacity increased to 1.28 GW, and WHRS capacity expanded 34% YoY, reinforcing its decarbonisation roadmap.