UltraTech Cement Limited (ULTRACEMCO) — Board Meeting | 18 October 2025(2 announcements)

· NSE 🟡 Notable ✨ Positive
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
1 Board Meeting 🟡 Notable ✨ Positive 📄 PDF

UltraTech Cement's board approved ₹10,255 crores capex to expand cement capacity by 22.8 mtpa through brownfield and greenfield projects, raising total capacity to 240.76 mtpa by FY28. Current capacity stands at 192.26 mtpa with 71% utilization in H1FY26. Expansion will be phased from FY28 onwards and funded entirely through internal accruals. The investment targets >20% IRR at ~$52/tonne cost, maintaining net debt-to-EBITDA below 1x by FY28.

2 Board Meeting 🟡 Notable ✨ Positive 📄 PDF

UltraTech Cement reported Q2 FY2025-26 consolidated net sales of ₹19,371 crores, up 21.3% YoY, with net profit of ₹1,232 crores versus ₹703 crores prior year. The Kesoram Industries cement business merger (effective April 2024) and India Cements stake increase to 81.49% drove growth. Domestic grey cement volumes grew 22.3%, significantly outpacing 5% industry growth. CCI penalties totaling ₹1,872.61 crores remain under Supreme Court appeal with ₹180.43 crores deposited. Operating EBITDA stood at ₹966/ton for existing assets.

About UltraTech Cement Limited (ULTRACEMCO)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹3,38,497.96 Cr P/E: 44.1 ROE: 10.8% ROCE: 12.3%

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

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