UltraTech Cement (ULTRACEMCO) — concall transcript

📢 Key Event
UltraTech Cement reaffirmed long-term growth confidence despite near-term demand headwinds, targeting zero net debt by March 2025 and doubling renewable energy by FY25.

🔄 What Changed
Debt increased marginally at end of December 2023; renewable energy target accelerated to 34% solar/WHRs by 2025; Kesoram acquisition regulatory filings advanced toward April 1, 2024 closing.

🔮 What's Next
Zero net debt by March 2025; renewable energy mix to reach 34% solar/WHRs by 2025; Kesoram acquisition to close by April 1, 2024; industry demand growth of 8-9% projected for full fiscal year; utilization to reach 80-85% in Q4; capacity addition of 10-12 million tons clinker in Phase 3 underway.

💡 Investor Takeaway
UltraTech is managing near-term demand volatility while advancing strategic inorganic growth and sustainability targets, with financial discipline focused on debt reduction and operational efficiency.

UltraTech Cement reported Q3 FY24 results showing industry growth of 3-4% despite temporary softness from elections, floods, and strikes, with prices marginally lower but expected to improve. Management reaffirmed confidence in infrastructure growth, targeting zero net debt by March 2025 and doubling renewable energy by FY25. Capex stands at INR9,000 crores for the fiscal year, with working capital extended due to fuel purchases. Fuel costs declined to $150/kcal, and the Kesoram acquisition remains on track for completion by April 1, 2024, supported by ongoing regulatory filings and merger plans.

📄 View Original Announcement (PDF)

📊 Stock Analysis — ULTRACEMCO ✨ Ask AI About This

About UltraTech Cement Ltd (ULTRACEMCO)

Construction Materials · Cement · Listed on BSE

Market Cap: ₹3,35,344.9 Cr P/E: 39.2 ROE: 11.2% ROCE: 13.4% Div Yield: 2.11%

View full ULTRACEMCO stock details →

📡 Get AI alerts when ULTRACEMCO files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track ULTRACEMCO — Free

💡 Ask AI about this filing

"What is the expected EBITDA impact of the Kesoram acquisition?" "How will renewable energy expansion affect long-term cost structure?" "When will carbon trading costs begin impacting margins?"

Ask AI Free →

📊 More ULTRACEMCO filings

See all ULTRACEMCO filings →

🔥 Also filed on 31 December 2023

BEL Bharat Electronics Ltd concall transcript INDIGO Interglobe Aviation Ltd concall transcript M&M Mahindra & Mahindra Ltd concall transcript SBIN State Bank of India concall transcript TITAN Titan Company Ltd concall transcript ETERNAL Eternal Ltd concall transcript

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when ULTRACEMCO files new disclosures

Track ULTRACEMCO filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track ULTRACEMCO — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd