India's largest cement maker UltraTech Cement is set to announce its Q3 results this week. The company in a stock exchange filing on Jan. 13 announced the revised day to declare the financial earnings result for the October-December 2024 quarter.
Part of the Aditya Birla Group, UltraTech Cement is the largest manufacturer of grey cement and ready mix concrete (RMC) in India. It is also one of the largest manufacturers of white cement in the country. With a total market cap of around Rs 3.11 lakh crore, the company is the third largest cement producer in the world, excluding China.
Here's everything you need to know about UltraTech Cement Q3 earnings
UltraTech Cement Q3 Results: Date And Time
UltraTech Cement Q3 results will be announced on Jan. 23, instead of Jan. 21 as the company had earlier intimated, the company said in an exchange filing.
"We now write to inform you that the meeting of the Board of Directors of the Company which was scheduled to be held on 21st January, 2025 will now be held on 23rd January 2025 inter alia to consider and approve the Standalone and Consolidated unaudited financial results of the Company for the quarter and nine months ended 31st December 2024," the filing read.
An earnings call with UltraTech Cement's management, investors and analysts will also be conducted at 4 p.m. on Jan. 23.
"The call will be initiated with a brief management discussion on the Q3 FY25 performance, followed by an interactive Question & Answer session," the company said.
UltraTech Cement Share Price History
Over the last five trading sessions, UltraTech Cement stock price has gained nearly 3% on the NSE but declined 5.77% in the past month. The stock has risen 10% over the past year.
At 1:20 p.m. on Jan. 21, shares of UltraTech Cement Ltd. were trading 1.76% higher at Rs 10,810, while benchmark Nifty 50 was down 0.86% at 23,143.35 points.
UltraTech Cement Q2 Results
UltraTech Cement's net profit for the quarter ended Sept. 30, 2024, was Rs 825 crore, down from Rs 1,280 crore in the same period last year. The decline was attributed to weak cement pricing and subdued demand, partly due to the monsoon season. Revenue during the quarter dipped 2.4% year-on-year to Rs 15,634.73 crore from Rs 16,012.13 crore in the year-ago period.
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