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.

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, 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.

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.

Aditya Birla Group firm UltraTech Cement recorded a revenue increase of 3% on year-on-year basis at ₹17,193 crore in the October to December 2024 quarter, according to the firm’s third quarter financial results released on January 23.

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

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.

India's biggest cement maker by capacity, Ultratech Cement on Thursday reported 17.3 per cent drop in consolidated net profit for the third quarter (Q3) of the financial year 2024-25 (FY25) at Rs 1,469.5 crore. Sequentially, however this was a huge turnaround for the cement firm, up 79.2 per cent from Rs 820.04 crore reported at the end of Q2FY25.

UltraTech reported a 13 per cent YoY increase in sales volumes in rural areas, reflecting strong economic conditions in rural markets, supported by higher minimum support prices for crops