Ultratech Cement Posts Strong YoY Growth Despite Sequential Dip
Ultratech Cement's Q1 FY27 revenue rose 15.9% year-on-year, though profit declined from the previous quarter's high.
Ultratech Cement reported a solid year-on-year increase in both revenue and profit for Q1 FY27. However, earnings softened compared to the strong quarter ended March 2026.
Ultratech Cement has delivered a mixed set of numbers for the quarter ended June 2026. While the company posted healthy year-on-year growth, its performance softened compared to the preceding quarter, reflecting a sequential moderation in earnings momentum.
The company's revenue for Q1 FY27 stood at ₹24,648 crore, marking a 15.9% increase from the same period last year. Profit after tax grew even faster at 17.2% year-on-year to ₹2,604 crore. This translated to a slight improvement in net profit margin, which expanded by 20 basis points to 10.6%. However, on a quarter-on-quarter basis, both revenue and profit declined by 4.5% and 13.2% respectively from the elevated levels of Q4 FY26.
A look at the recent quarterly trajectory shows the company's earnings have been on an improving trend over the past year, albeit with some quarterly volatility.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period Ended | June 2026 | March 2026 | June 2025 |
| Revenue (₹ Cr) | 24,648.2YoY +16% | 25,799.47 | 21,275.45 |
| Profit (₹ Cr) | 2,603.72YoY +17% | 3,000.02 | 2,220.91 |
| Net Profit Margin | 10.6%YoY +1.9% | 11.6% | 10.4% |
Key Points
- The trailing twelve-month (TTM) net profit margin stands at 9.3%, indicating the latest quarter's margin is above the recent average.
- The company maintains a strong balance sheet, with a low debt-to-equity ratio of 0.3.
- Over the past three years, the stock has delivered a solid 44.3% absolute return, translating to a 13.0% CAGR.
Despite the sequential dip, the underlying year-on-year growth remains robust. The key question for the coming quarters is whether Ultratech can sustain its improved profitability levels above the 10% mark.
Live Chart
· ULTRACEMCO
(BSE)
ISIN: INE481G01011
Also read
Want this applied to your portfolio?
Talk to a HexaWealth advisor, or sync your mutual fund data for insights tailored to your holdings.