UltraTech Cement quarterly results and financials

UltraTech Cement (ULTRACEMCO)₹12,275−1.79%(9 Nov 2026 close)Cement & Cement Products

Key facts

In the Sep 2026 quarter (consolidated), UltraTech Cement reported sales of ₹23,279 Cr, up 18.7% from Sep 2025, and net profit of ₹1,496 Cr, up 21.3% year on year. For the year to Mar 2026, sales were ₹88,426 Cr and net profit ₹8,168 Cr.

Sales (Sep 2026): ₹23,279 Cr
Net profit (Sep 2026): ₹1,496 Cr
Sales (FY Mar 2026): ₹88,426 Cr
Net profit (FY Mar 2026): ₹8,168 Cr
EPS (Sep 2026): ₹50.81
Borrowings (Mar 2026): ₹23,741 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

UltraTech Cement quarterly results

₹ crore unless stated; each column is a quarter.

UltraTech Cement Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	16,734	20,399	18,806	16,281	17,774	23,054	21,263	19,604	21,835	25,774	24,637	23,279
Expenses	13,449	16,274	15,779	14,233	14,857	18,415	16,821	16,490	17,886	20,169	19,605	19,545
Operating Profit	3,261	4,121	3,022	2,028	2,897	4,617	4,409	3,095	3,914	5,601	5,019	3,724
OPM %	19.0%	20.0%	16.0%	12.0%	16.0%	20.0%	21.0%	16.0%	18.0%	22.0%	20.0%	16.0%
Other Income	146	72.82	82.69	225	246	92.68	142	173	45.89	76.76	118	105
Interest	263	262	327	394	458	476	434	460	494	488	454	554
Depreciation	782	815	917	978	991	1,124	1,106	1,148	1,181	1,208	1,200	1,213
Profit before tax	2,359	3,116	1,861	880	1,695	3,107	3,015	1,659	2,288	3,988	3,489	2,063
Tax %	24.9%	26.9%	19.9%	18.9%	18.9%	19.9%	25.9%	24.9%	23.9%	24.9%	24.9%	26.9%
Exceptional items	0.00	−52.21	−71.27	0.00	0.00	−7.02	−28.11	0.00	−68.29	−8.03	−10.04	−5.02
Net Profit	1,768	2,252	1,488	705	1,359	2,467	2,215	1,234	1,723	2,993	2,595	1,496
EPS (Rs)	61.68	78.38	51.86	24.38	47.20	84.40	75.68	41.89	58.67	101.48	88.42	50.81

UltraTech Cement profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

UltraTech Cement Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	25,151	25,376	30,966	41,452	42,446	44,697	52,551	63,234	70,840	75,926	88,426	95,526
Expenses	20,222	20,117	24,775	34,039	33,114	33,070	41,002	52,468	57,819	63,266	71,392	77,204
Operating Profit	4,905	5,221	6,155	7,355	9,251	11,588	11,519	10,625	13,001	12,571	17,010	18,258
OPM %	19.0%	21.0%	20.0%	18.0%	22.0%	26.0%	22.0%	17.0%	18.0%	17.0%	19.0%	19.1%
Other Income	463	646	241	349	649	618	667	506	556	645	438	345
Interest	567	642	1,242	1,784	1,997	1,490	947	825	970	1,655	1,878	1,990
Depreciation	1,376	1,346	1,848	2,448	2,722	2,697	2,713	2,886	3,143	4,012	4,643	4,801
Profit before tax	3,429	3,877	3,307	3,473	5,192	8,015	8,539	7,436	9,436	7,542	10,946	11,828
Tax %	28.0%	29.9%	32.9%	30.9%	−11.1%	32.0%	13.9%	32.0%	25.9%	19.9%	24.9%	—
Exceptional items	46.18	48.18	−155	6.02	67.20	−70.21	164	22.08	12.05	232	−11.04	−91.38
Net Profit	2,472	2,707	2,218	2,393	5,737	5,445	7,306	5,056	6,982	6,021	8,168	8,806
EPS (Rs)	90.50	99.17	81.04	87.74	199.91	189.56	254.90	175.84	243.13	205.36	277.81	299.38
Dividend payout %	11.1%	10.1%	13.1%	13.0%	7.0%	20.1%	15.1%	22.1%	29.1%	38.0%	87.1%	—

UltraTech Cement balance sheet

₹ crore, at each year end.

UltraTech Cement Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	274	274	275	275	275	289	289	289	289	288	295	294
Reserves	18,765	21,657	24,118	26,100	33,442	38,755	43,847	50,127	54,030	59,843	70,350	76,233
Borrowings	9,831	10,615	8,485	19,487	25,329	23,025	21,736	11,302	11,063	11,398	24,080	23,741
Other Liabilities	9,227	8,672	9,388	11,334	17,522	17,233	20,379	22,183	26,123	29,307	39,009	41,132
Total Liabilities	38,097	41,220	42,266	57,195	76,567	79,303	86,252	83,900	91,504	1,00,836	1,33,733	1,41,401
Fixed Assets	23,399	25,359	25,976	39,793	56,725	57,279	55,518	55,607	59,740	62,992	94,732	98,938
CWIP	2,245	1,467	919	1,508	1,151	918	1,683	4,776	4,030	6,793	6,222	8,718
Investments	4,503	5,092	6,689	5,450	2,921	5,925	12,182	6,339	7,300	8,246	5,156	6,742
Other Assets	7,951	9,301	8,681	10,444	15,770	15,182	16,871	17,179	20,434	22,806	27,622	27,004
Inventories	2,944	2,450	2,398	3,260	4,089	4,176	4,014	5,584	6,604	8,315	9,542	9,674
Trade receivables	1,660	1,930	1,759	2,224	2,787	2,386	2,574	3,074	3,871	4,283	5,898	6,034
Cash & equivalents	371	2,263	2,247	219	739	539	2,007	359	1,148	782	1,670	1,382
Total Assets	38,097	41,220	42,266	57,195	76,567	79,303	86,252	83,900	91,504	1,00,836	1,33,733	1,41,401

UltraTech Cement cash flow

₹ crore, for each year.

UltraTech Cement Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	4,192	4,527	5,006	3,890	5,960	8,978	12,512	9,285	9,072	10,900	10,676	15,328
Cash from investing activity	−2,151	−3,685	−2,509	1,871	1,169	−4,203	−8,887	2,263	−7,209	−8,816	−15,881	−9,500
Cash from financing activity	−2,106	−842	−2,529	−5,717	−6,740	−5,064	−4,347	−12,474	−1,628	−1,920	5,067	−5,938
Net cash flow	−62.89	7.99	−30.95	17.98	363	−295	−711	−957	250	183	−85.97	−113
Capex	2,722	2,148	1,402	2,102	1,807	1,767	1,923	5,676	6,197	8,996	9,131	9,671
Free cash flow	1,484	2,400	3,644	2,011	4,322	7,307	10,695	3,684	2,972	2,017	1,727	5,817
CFO / OP %	98.1%	110.1%	110.0%	77.0%	91.0%	107.0%	119.0%	94.0%	96.0%	97.0%	95.0%	98.0%

UltraTech Cement ratios

Working-capital days and returns, by year.

UltraTech Cement Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	26	28	25	26	25	20	21	21	22	22	28	25
Inventory days	266	203	195	226	214	234	207	256	248	255	255	206
Days payable	154	142	150	165	165	188	234	269	271	260	248	217
Cash conversion cycle	138	89	70	87	74	66	−6	9	0	17	35	13
Working capital days	−83	−84	−39	−51	−49	−61	−84	−57	−57	−53	−65	−58
ROCE %	12.0%	13.1%	14.0%	12.0%	10.0%	12.0%	15.0%	14.1%	13.0%	15.1%	11.0%	13.0%

UltraTech Cement: frequently asked questions

What are the latest quarterly results of UltraTech Cement?

For the Sep 2026 quarter, UltraTech Cement reported sales of ₹23,279 Cr, up 18.7% year on year and net profit of ₹1,496 Cr, up 21.3% year on year. The operating margin was 16.0%.

What is the annual revenue of UltraTech Cement?

UltraTech Cement's sales for the year to Mar 2026 were ₹88,426 Cr; over the last twelve months they were ₹95,526 Cr.

What is the net profit of UltraTech Cement?

Net profit for the year to Mar 2026 was ₹8,168 Cr, and ₹8,806 Cr over the last twelve months. Earnings per share over the same trailing period were ₹299.38.

How much debt does UltraTech Cement have?

UltraTech Cement reported borrowings of ₹23,741 Cr at Mar 2026, against cash and equivalents of ₹1,382 Cr.

What is the free cash flow of UltraTech Cement?

Cash from operations was ₹15,328 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5,817 Cr.

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