UltraTech, India's top cement maker by capacity, signalled better core profit in upcoming quarters as the market absorbed price hikes and demand picked up, after it reported an earnings beat on Thursday on strong volumes.

UltraTech beat Bloomberg analysts' poll estimates of a net income of Rs 1,323 crore and revenue of Rs 17,129 crore

UltraTech Cement, India's biggest cement maker by capacity, reported third-quarter earnings above estimates on Thursday on the back of strong volume growth, sending its shares soaring 7% in afternoon trade.

The cement major was expected to report an on-year fall of 26 percent in net profit, weighed down by lower realisations, depreciation.

Ultratech Cement is expected to post around 20 per cent drop in profit during the quarter due to lower realization and higher depreciation. The company will announce Q3 results today.

Shares of UltraTech Cement Ltd soared by almost 7% after the company reported a consolidated net profit of Rs 1,473.51 crore for Q3. The stock closed at Rs 11,422.70 on BSE. This rise came despite a year-on-year decline in profit.

UltraTech Cement reported a drop in Q3 profit despite a rise in sales to ₹16,971 cr; achieved 73% capacity utilisation and 10% domestic sales volume growth

UltraTech Cement recorded revenue from operations for Q3FY25 at Rs 17,193.33 crore, up 2.71 per cent as against Rs 16,739.97 crore during the third quarter of previous financial year.

UltraTech Cement , India's biggest cement maker by capacity, reported better-than-expected third-quarter earnings, as strong volume growth outweighed a hit from weaker prices of the construction material.

UltraTech Cement reported a 16.5% year-on-year decline in Q3FY25 profit, with a standalone profit after tax of ₹1,434 crore, compared to ₹1,718 crore in the same quarter last year.