UltraTech Announces Q4 FY2025 Results

The Composite Scheme of Arrangement between Kesoram Industries Limited, the Company and their respective shareholders and creditors is effective from 1st March, 2025. The Appointed Date being 1st April, 2024, previous year figures have been restated in accordance with the provisions of IndAS.
 

Leading with Scale, Growing in Strength and Winning with Purpose

UltraTech Cement Limited today announced its financial results for the quarter and year ended 31st March, 2025.

The Company’s consolidated sales volumes reached 41.02 ml mt for the quarter, growing by 17%. Excluding acquired assets, operating EBITDA/mt was Rs.1,270/mt, up 7% YoY and 32% QoQ. The Company also achieved over 1GW capacity of renewable power installations, making UltraTech one of the first industrial companies in India to commission 1 Gigawatt of Renewable Energy capacity for captive use.
 

FINANCIALS

Q4FY2024-25

Consolidated Net Sales was Rs. 22,788 crores, vis-à-vis Rs. 20,069 crores in the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 4,721 crores compared to Rs. 4,250 crores in the corresponding period of the previous year. Profit after tax was Rs. 2,482 crores compared to a profit Rs. 2,258 crores in the corresponding period of the previous year.

FY2024-25

The Company achieved sales volumes of 135.83 ml mt for the year, one of the highest globally (excluding China). Consolidated Net Sales for the year reached Rs. 74,936 crores, up from Rs. 69,810 crores last year. Profit before interest, depreciation, and tax was Rs. 13,302 crores, a slight decrease from Rs. 13,586 crores in the previous fiscal year. UltraTech added 42.60 mtpa through organic and inorganic growth during FY25, resulting in profit after tax decreasing to Rs. 6,039 crores from Rs. 7,005 crores due to increased interest and depreciation.
 

OPERATIONS

Energy costs were lower by 14% YoY, mainly on account of decrease in fuel cost which was Rs.881/t in Q4FY25 compared to Rs.1025/t in Q4FY24. Effective capacity utilization was 89% during the quarter and 78% for the full year.
 

DIVIDEND

The Board of Directors at their meeting held today have recommended a dividend of 775% at the rate of Rs.77.50/- per equity share of face value of Rs.10/- per share, aggregating Rs.2,283.75 crores. In terms of the provisions of the Finance Act, 2020, the dividend shall be taxed in the hands of shareholders at applicable rates of tax and the Company shall withhold tax at source appropriately.
 

CAPEX

UltraTech’s expansion program is progressing as per schedule.

As part of its ongoing capacity expansion program, UltraTech commissioned 17.40 mtpa capacity across several locations in the country during FY25. It also set up its first bulk terminal in Uttar Pradesh at Lucknow with a capacity to handle 1.8 mtpa of cement.

UltraTech’s domestic grey cement capacity has increased to 183.36 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 188.76 mtpa.

As India’s leading cement player, UltraTech is well placed to support the country in its exciting growth journey ahead.
 

CORPORATE DEVELOPMENT

Upon receipt of unconditional approval from the Competition Commission of India, UltraTech acquired the equity stake of the erstwhile promoters and members of the promoter group of The India Cements Limited (“ICEM”), resulting in ICEM becoming a subsidiary company with effect from 24th December, 2024. Additionally, UltraTech made an open offer to the public shareholders of ICEM to acquire equity shares representing 26% of ICEM’s equity share capital. Consequently, UltraTech’s total shareholding in ICEM stands at 25,25,29,160 equity shares of Rs.10/- each, representing 81.49% of ICEM’s equity share capital.

The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”) and the Company became effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024 from which date Kesoram’s Cement Business stands transferred to and vested in the Company as a going concern. In terms of the Scheme, UltraTech allotted 59,74,301 equity shares of Rs. 10/- each to shareholders of Kesoram in the ratio of 1 (one) equity share of Rs. 10/- each of the Company for every 52 (fifty-two) equity shares of Rs. 10/- each held in Kesoram.

In a separate development, UltraTech’s Board approved acquisition of 6,42,40,000 equity shares of Rs. 10/- each of Wonder WallCare Private Limited (“Wonder WallCare”), engaged in the manufacture of wall putty and related products for an Enterprise Value not exceeding Rs. 235 crores. Upon completion of the acquisition, Wonder WallCare will become a wholly-owned subsidiary of the Company.
 

SUSTAINABILITY

UltraTech was awarded in the “Circular Business Model-Matured category” within the Indian cement industry at the first Global Symposium and Awards on Resource Efficiency and Circular Economy, hosted by FICCI. The symposium's theme was “Scaling Resource Efficiency & Circular Economy: Pathway for Global Sustainability.” UltraTech demonstrated effective resource utilisation and significant contributions to enhancing resource efficiency and the circular economy through innovative initiatives, digitalisation, and technology interventions. UltraTech prioritises material circularity to address issues such as overutilisation of resources, rising costs of natural raw materials, and waste disposal. By using alternative fuels and raw materials in its manufacturing processes, UltraTech reduces the use of natural resources and minimizes landfill waste, thus conserving natural resources and lowering environmental impacts.

Continuing its stated commitment towards enhancing environment conservation measures, UltraTech added 269 MW of renewable power during the quarter. Combined with its 342 MW in Waste Heat Recovery Systems (WHRS), UltraTech’s total green energy capacity has now reached 1.363 GW, which will cover about 46% of UltraTech’s current power needs.
 

GOING FORWARD

Given the government’s focus on infrastructure and housing projects, along with increased rural and urban demand, a sustainable volume growth of 7- 8% is expected, going forward.

While the sector may face short-term challenges, the long-term outlook is indicating signs of improvement with stable demand likely to support growth.