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 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.

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, India’s largest cement manufacturer, reported a 17 per cent year-on-year (YoY) decline in consolidated net profit to Rs 1,470 crore for the third quarter of FY25. Despite the drop, the figure exceeded analyst expectations,

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.