UltraTech Cement Limited is set to enter a new growth phase with plans to commission its wires and cables business by Q3 FY27, marking a strategic diversification beyond its core cement operations.
The company said that work on the new segment is progressing as per schedule, with critical orders already placed and civil construction underway. The management indicated that the new venture will open up a “diversified chapter” in UltraTech’s growth journey.
This development comes alongside a strong operational performance in the March quarter. The company reported revenue from operations at ₹25,799 crore, up 11.9% YoY, while net profit rose 20.2% YoY to ₹2,983 crore.
At the operating level, EBITDA stood at ₹5,600 crore, compared to ₹4,618 crore in the year-ago period, translating into a 21.3% YoY growth. EBITDA margin improved to 21.7%, up from 20.0% last year, reflecting improved operational efficiency.
Capacity expansion drives scale
UltraTech also highlighted a significant milestone in its capacity expansion journey. During FY26, the company commissioned 8 MTPA of new capacity, followed by an additional 8.7 MTPA in April 2026, taking its domestic grey cement capacity to 200.1 MTPA.
Including its international footprint of 5.4 MTPA, UltraTech’s global cement capacity now stands at 205.5 MTPA, reinforcing its position as the largest cement producer outside China.
The company invested around ₹9,600 crore in capital expenditure during FY26, and has outlined plans to spend over ₹16,000 crore in the next three years, which will take total capacity beyond 240 MTPA.
Sustainability push strengthens cost efficiency
On the sustainability front, UltraTech commissioned 371 MW of renewable energy capacity and 63 MW of WHRS during FY26. Its total green power capacity now stands at 1,806 MW, with nearly 41% of its power requirement met through green sources.
This transition is expected to lower energy costs and reduce exposure to fossil fuel volatility, while aligning with the company’s long-term net-zero roadmap.
Dividend announcement
The Board has recommended a dividend of ₹240 per equity share (2400%) for FY26, subject to shareholder approval at the upcoming AGM.