Shares of UltraTech Cement Ltd gained more than 3% in early morning trade after the company reported better-than-expected financial performance for the third quarter of FY26.
UltraTech Cement reported a consolidated net profit of ₹1,729.4 crore for Q3 FY26, marking a 27% increase compared with ₹1,363 crore recorded in the same quarter last year. The reported profit exceeded the CNBC-TV18 poll estimate of ₹1,540 crore, indicating stronger-than-anticipated operational performance during the quarter.
The quarterly results include a one-time exceptional expense of ₹88 crore, booked towards additional gratuity and leave encashment obligations arising from the implementation of the new Labour Code, which became effective from November 21, 2025. Despite this cost, profitability remained resilient. Profit before interest, depreciation and tax (PBIDT) rose to ₹4,051 crore in Q3 FY26, up from ₹3,142 crore in the corresponding period of the previous financial year.
Revenue from operations for the quarter increased 23% year-on-year to ₹21,830 crore, compared with ₹17,778.8 crore in Q3 FY25. The topline performance also came in above the CNBC-TV18 poll forecast of ₹21,235 crore, supported by higher volumes and improved pricing across key markets.
EBITDA for the quarter rose 35.2% to ₹3,915 crore from ₹2,895.2 crore in the year-ago period, outperforming the CNBC-TV18 estimate of ₹3,532 crore. The EBITDA margin improved to 17.94% from 16.28% on a year-on-year basis, exceeding the street expectation of 16.63%, reflecting better cost management and operating leverage.
In early trading, UltraTech Cement shares showed strong momentum. The stock opened at ₹12,544 and moved between an intraday low of ₹12,500 and a high of ₹12,825. The previous closing price stood at ₹12,369. Over the past year, the stock has traded within a 52-week range of ₹10,047.85 to ₹13,097.00.
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