UltraTech Cement shares surged 2.4% to Rs 10,200 following robust Q4 results. Consolidated net profit grew 36% YoY to Rs 2,258 crore, exceeding estimates. Revenue rose 9% YoY to Rs 20,419 crore. A dividend of Rs 70 per share was recommended. EBITDA increased 33% YoY to Rs 4,250 crore.
UltraTech Cement crossed ₹3 lakh crore market capitalisation. Japanese brokerage firm Nomura upgraded UltraTech Cement stock from neutral to buy and raised the target price to ₹11,500 apiece.
According to Axis Securities, Ultratech is set to post CAGR of 12% in revenue, 21% in EBITDA, and 30% in adjusted profit after tax (APAT) over the period from FY23 to FY26
UltraTech Cement, a flagship company of the Aditya Birla Group, reaches an all-time high stock price of ₹8,960 apiece after acquiring cement grinding assets in Jharkhand.