ULTRATECH CEMENT LTD.

UltraTech Cement Limited has released its Q2FY27 Corporate Dossier, providing comprehensive information about the company and its parent, the Aditya Birla Group. The dossier includes an overview of the Indian Cement Sector, UltraTech's landscape, ESG updates, and financial performance. It highlights the Aditya Birla Group's global presence and diverse business interests, including its position as the largest cement company globally by sales volume (ex-China) and its significant market share in various sectors like chemicals, paints, and aluminum. The document also outlines UltraTech's commitment to ESG principles and its financial standing.

UltraTech Cement Ltd has filed a clarification regarding a material price movement (MPM) observed in its share price on Monday, 19th October 2026. The company stated that there was no event or information in the mainstream media, including any impending announcement, that could have triggered this movement. The MPM appears to be purely market-driven. This information is for record and information purposes.

UltraTech Cement announced that Mr. K. K. Maheshwari will relinquish his position as Non-Executive Vice Chairman effective January 1, 2027, due to current engagements and personal commitments. Concurrently, Mr. Kailash Chandra Jhanwar, whose term as Managing Director ends on December 31, 2026, will be re-designated as Non-Executive Vice Chairman from January 1, 2027. Mr. Jhanwar, a Chartered Accountant, has extensive experience within the Aditya Birla Group, particularly in finance, operations, and large-scale project execution.

UltraTech Cement Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the standalone and consolidated results during a meeting held on October 19, 2026. The company has submitted the results along with limited review reports and a press release. The review was conducted by Deloitte Haskins & Sells LLP.

UltraTech Cement's Board of Directors has approved the issuance of a corporate guarantee of up to USD 55 million. This guarantee is in connection with a loan to be obtained by UHG Holdings IFSC Private Limited, an associate company. Grasim Industries Limited and Hindalco Industries Limited, both part of the promoter/promoter group, have stakes in UHG Holdings, which is considered a related party. The transaction is being conducted on an arm's length basis. The corporate guarantee represents a contingent liability for UltraTech Cement, with no other direct impact on the company.

UltraTech Cement Limited announced changes to its Board of Directors. Mr. K. K. Maheshwari will relinquish his position as Non-Executive Vice Chairman on January 1, 2027, due to current engagements and personal commitments. Concurrently, Mr. Kailash Chandra Jhanwar, whose term as Managing Director concludes on December 31, 2026, will be re-designated as Non-Executive Vice Chairman, effective January 1, 2027. Mr. Jhanwar, a Chartered Accountant, has extensive experience within the Aditya Birla Group, particularly in finance, operations, and large-scale project execution within the cement and chemicals sectors.

UltraTech's consolidated revenue rose 18.8% YoY to ₹23,295 Cr (from ₹19,607 Cr) and PAT grew 21.3% YoY to ₹1,501 Cr (from ₹1,238 Cr), with EPS at ₹50.78 versus ₹41.87 a year ago. Sequentially both lines fell — revenue -5.5% and PAT -42.3% from Q1 FY27's ₹24,648 Cr / ₹2,604 Cr — but this is a seasonal monsoon-quarter pattern rather than a YoY deterioration, since profit growth continued to outpace revenue growth on a year-on-year basis. Domestic grey cement volumes grew 13.8% YoY to 35.94 MT (from 31.58 MT) and capacity utilisation climbed to 71% from 66%. A ₹6.29 Cr pre-tax exceptional loss (asset sale) this quarter is immaterial — adjusted YoY PAT growth is ~21.6% versus 21.3% reported. The margin picture is mixed by period: consolidated OPM (~16.5%, on PBIDT of ₹3,832 Cr, +17.3% YoY) expanded from 15.8% a year ago but compressed sharply from 20.3% in Q1 FY27, as power & fuel cost rose 18.7% YoY to ₹5,511 Cr and freight climbed to ₹4,810 Cr — exactly the cost-inflation pressure our pre-result preview flagged as the key watch item. NPM similarly ticked up to ~6.4% YoY (from 6.3%) but fell from 10.5% QoQ. Management's own press release framed the quarter as reflecting 'the stability of UltraTech's earnings, with revenue, operating profit and net profit all growing by double digits' — a framing the YoY numbers support, though it understates the sequential margin squeeze. Against our pre-result preview's Street read (Buy consensus, 86% buy-rated, median target ₹13,950, betting on pricing power holding an 18-20% EBITDA margin), the actual ~16.5% consolidated OPM falls short of that band — a miss on the quarter's key watch item even as volume growth (13.8% YoY) comfortably cleared expectations. Against management's own FY27 guidance from the July 2026 concall — double-digit domestic volume growth (Q1 at 13.1%), a 240+ mtpa capacity target by March 2028 backed by ₹17,000 Cr capex, and Net Debt/EBITDA <1x — this quarter's 13.8% volume growth and the commissioning of 3.6 mtpa greenfield capacity at Petnikota (AP) plus 1.0 mtpa of debottlenecking (global grey capacity now 210.1 mtpa) both track the plan. Debt-equity rose to 0.37x from 0.27x QoQ as the capex programme continues; the <1x Net Debt/EBITDA target could not be independently verified from the disclosed figures. Standalone PAT grew faster YoY (+25.2% to ₹1,332 Cr) than consolidated (+21.3%), a gap above 3 points that traces to minority interest (₹7.6 Cr) and the JV/associate loss (₹2.2 Cr) at the group level. The quarter also saw UltraTech launch Ultravolt, its wires & cables business — a new Building Solutions category built around a Jhagadia, Gujarat facility sized for 78,000 MT of copper and 24,000 MT of aluminium consumption, positioned as the second-largest player by planned housing-wires capacity. Board composition changes effective January 1, 2027 were announced this quarter with no disclosed P&L impact. Heading into Q3 FY27, the open question is whether margin recovers out of the seasonal trough as cost inflation on power, fuel and freight eases.

UltraTech Cement has become the first Indian cement company to exceed 2 gigawatts (GW) of green energy capacity for captive use. This milestone was achieved by commissioning 116.55 MW of wind capacity and 10 MW of Waste Heat Recovery System (WHRS) capacity. The company's total green energy capacity now stands at 2,024 MW, comprising 1,580 MW of renewable energy and 444 MW of WHRS. This green energy meets approximately 48% of UltraTech's power requirements, reducing its exposure to fossil fuel price volatility and supply constraints. UltraTech aims to increase green energy's share in its power mix to 85% by 2030 and 100% by 2050.

UltraTech Cement Ltd has issued a clarification regarding a material price movement observed in its share price on Thursday, October 1, 2026. The company stated that there was no specific event or information in the mainstream media, nor any impending announcement, that could have triggered this movement. The price fluctuation appears to be purely market-driven. This disclosure is made in accordance with Regulation 30(11) of the SEBI (LODR) Regulations, 2015.

UltraTech Cement Ltd observed a material price movement (MPM) in its share price on Wednesday, September 30, 2026. The company clarified that there was no specific event or information in the mainstream media, including any impending announcement, that could have triggered this movement. UltraTech stated that the price movement appears to be purely market-driven. This clarification was made in accordance with Regulation 30(11) of the SEBI (LODR) Regulations, 2015.