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UltraTech Cement Q4 Results Review: Cementing Leadership, Scale, Says Systematix Maintaining 'Buy'
Systematix reiterates a Buy rating on UltraTech, with a target price of Rs 14,038, based on a 19 times EV/Ebitda multiple for FY27E.
29 Apr 2025, 08:07 AM IST 
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UltraTech Cement reported a strong set of results with revenue/Ebitda/PAT largely in line with estimates.
(Photo Source: Vijay Sartape / NDTV Profit)
UltraTech continues to make strong progress on cost optimization. Renewable energy capacity increased to 752 MW in FY25 from 612 MW a year ago, with a target of reaching 2.1 GW by FY27, covering ~30% of total energy needs. Investment in waste heat recovery systems (WHRS) is ongoing, with Rs 10 bn being deployed in projects expected to pay back within three years. Management remains committed to delivering Rs. 300+/tonne Ebitda improv...
