UltraTech Cement Ltd

Pursuant to the implementation of the new labour code in the country with effect from 21st November, 2025, the company has recognised Rs 88 crore as an exceptional expense towards additional Gratuity and Leave Encashment obligations. Excluding the impact of labour code, profit after tax (PAT) jumped 32% YoY to Rs 1,792 crore during the quarter. Profit before tax (PBT) increased 34.99% YoY to Rs 2,283 crore in Q3 FY26. EBITDA stood at Rs 4,051 crore in Q3 FY26, registering the growth of 28.93% compared with Rs 3,142 crore posted in Q3 FY25. Consolidated cement sales volume stood at 38.87 mtpa, registering a 15% YoY growth. Domestic grey cement capacity volumes increased 15.4% YoY to 36.37 million tonnes per annum (MTPA). Overall capacity utilisation improved to 77% for the quarter, compared to 72% during the same period last year. UltraTech recorded a 29.4% growth in domestic grey cement volumes, excluding the sales volumes of India Cements and Kesoram from the corresponding previous period, as these entities were not part of the company for the entire period. 'UltraTech' as a Cement brand grew 22.3% with the rapid improvement of quality of product from these acquired assets and integration of its marketing and logistics. Operating EBITDA per ton improved to Rs 1,051 excluding India Cements, improving from Rs 911/mt over the previous year. During the quarter, the company incurred capex of Rs 2,357 crore as part of its ongoing expansion programme and has reduced its net debt-to- EBITDA of 1.08x reflecting strong operating cash flows. UltraTech along with its subsidiary, India Cements, has initiated the next phase of its expansion, to add 22.8 mtpa of capacity, through a mix of brownfield and greenfield projects and work is progressing as scheduled. Post completion of this phase of expansion, the company will reach a capacity of 240.76 mtpa. The company also said that its cables and wires business is on track, with critical orders placed, civil work on the project site in progress and key team members being onboarded. It remains confident of meeting the committed launch timeline of Q3 FY27. UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the second-largest cement producer in the world, outside of China. During the December quarter, the company's domestic grey cement capacity stood at 188.66 mtpa. Including its 5.4 mtpa cement capacity in the UAE, UltraTech's total global cement capacity has reached 194.06 mtpa.Powered by Capital Market - Live

Pursuant to the implementation of the new labour code in the country with effect from 21st November, 2025, the company has recognised Rs 88 crore as an exceptional expense towards additional Gratuity and Leave Encashment obligations. Excluding the impact of labour code, profit after tax (PAT) jumped 32% YoY to Rs 1,792 crore during the quarter. Profit before tax (PBT) increased 34.99% YoY to Rs 2,283 crore in Q3 FY26. EBITDA stood at Rs 4,051 crore in Q3 FY26, registering the growth of 28.93% compared with Rs 3,142 crore posted in Q3 FY25. Consolidated cement sales volume stood at 38.87 mtpa, registering a 15% YoY growth. Domestic grey cement capacity volumes increased 15.4% YoY to 36.37 million tonnes per annum (MTPA). Overall capacity utilisation improved to 77% for the quarter, compared to 72% during the same period last year. UltraTech recorded a 29.4% growth in domestic grey cement volumes, excluding the sales volumes of India Cements and Kesoram from the corresponding previous period, as these entities were not part of the company for the entire period. 'UltraTech' as a Cement brand grew 22.3% with the rapid improvement of quality of product from these acquired assets and integration of its marketing and logistics. Operating EBITDA per ton improved to Rs 1,051 excluding India Cements, improving from Rs 911/mt over the previous year. During the quarter, the company incurred capex of Rs 2,357 crore as part of its ongoing expansion programme and has reduced its net debt-to- EBITDA of 1.08x reflecting strong operating cash flows. UltraTech along with its subsidiary, India Cements, has initiated the next phase of its expansion, to add 22.8 mtpa of capacity, through a mix of brownfield and greenfield projects and work is progressing as scheduled. Post completion of this phase of expansion, the company will reach a capacity of 240.76 mtpa. The company also said that its cables and wires business is on track, with critical orders placed, civil work on the project site in progress and key team members being onboarded. It remains confident of meeting the committed launch timeline of Q3 FY27. UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the second-largest cement producer in the world, outside of China. During the December quarter, the company's domestic grey cement capacity stood at 188.66 mtpa. Including its 5.4 mtpa cement capacity in the UAE, UltraTech's total global cement capacity has reached 194.06 mtpa. The scrip rose 0.03% to settle at Rs 12,368.30 on the BSE.Powered by Capital Market - Live

Net profit of UltraTech Cement rose 26.92% to Rs 1725.40 crore in the quarter ended December 2025 as against Rs 1359.43 crore during the previous quarter ended December 2024. Sales rose 22.78% to Rs 21829.68 crore in the quarter ended December 2025 as against Rs 17778.83 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales21829.6817778.83 23 OPM %17.9116.27 - PBDT3554.152684.05 32 PBT2372.251691.27 40 NP1725.401359.43 27 Powered by Capital Market - Live

UltraTech Cement announced that NSE Sustainability Ratings & Analytics (NSE Sustainability), based on information available in public domain, has issued an ESG rating of '61' to the Company for FY2025. Powered by Capital Market - Live

UltraTech Cement will hold a meeting of the Board of Directors of the Company on 24 January 2026.Powered by Capital Market - Live

UltraTech Cement has appointed Ashok Kumar P as Chief Legal Officer of the Company with effect from 20 November 2025. Powered by Capital Market - Live

Fitch Ratings stated that the ratings incorporate the agency's expectation of a modest leverage profile, with EBITDA net leverage sustained around 1.5x; a leading market position in India; a large market with robust long term demand-growth potential; and cost-efficient operations. The agency further said that factors that could, individually or collectively, lead to positive rating action/upgrade include EBITDA net leverage below 1.5x on a sustained basis; improved business mix, with segments other than grey cement contributing around 30% of revenue; expectations of neutral or positive FCF profile; and strengthening of Grasim's consolidated credit profile. However, a worsening market position or industry competitive environment that causes a sustained deterioration in the unit EBITDA margin; an EBITDA net leverage sustained above 2.5x; or a weakening of Grasim's consolidated credit profile could lead to a negative rating action or downgrade. UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third-largest cement producer in the world, outside of China, with a consolidated grey cement capacity of 154.86 MTPA. The cement major reported a 75.23% year-on-year (YoY) rise in consolidated net profit to Rs 1,231.58 crore for Q2 FY26, with revenue from operations growing 20.33% YoY to Rs 19,606.93 crore. The scrip was down 0.05% to currently trade at Rs 11701 on the BSE. Powered by Capital Market - Live

UltraTech Cement announced that Fitch Ratings has affirmed India-based UltraTech Cement's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'. The Outlook is Stable. Fitch has also affirmed UltraTech's USD400 million 2.80% senior unsecured notes due 2031 at 'BBB-'. The ratings incorporate Fitch Ratings' expectation of a modest leverage profile, with EBITDA net leverage sustained around 1.5x; a leading market position in India; a large market with robust long term demand-growth potential; and cost-efficient operations. Powered by Capital Market - Live

Net profit of UltraTech Cement rose 75.23% to Rs 1231.58 crore in the quarter ended September 2025 as against Rs 702.82 crore during the previous quarter ended September 2024. Sales rose 20.33% to Rs 19606.93 crore in the quarter ended September 2025 as against Rs 16294.42 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales19606.9316294.42 20 OPM %15.7512.43 - PBDT2803.511858.97 51 PBT1655.83879.30 88 NP1231.58702.82 75 Powered by Capital Market - Live

UltraTech Cement will hold a meeting of the Board of Directors of the Company on 18 October 2025.Powered by Capital Market - Live