Wang & Lee Group board approves 250-to-1 reverse share split
Investing.com -- UltraTech Cement (NSE:ULTC) reported first-quarter EBITDA of Rs44.1 billion, which was in line with Jefferies and consensus estimates. This represents a 46% increase year-over-year, though a 5% decrease quarter-over-quarter.
The cement manufacturer saw volumes grow by 10% compared to the same period last year, with like-for-like growth expected in the low single digits. Average blended realizations increased by approximately 2.7% from the previous quarter, exceeding estimates of 2.1%.
Cost performance was slightly better than anticipated, which helped offset volumes that came in marginally below expectations. The company achieved a first-quarter unit EBITDA of approximately Rs1,200, higher than the estimated Rs1,175 and representing an increase of about Rs70 from the previous quarter.
UltraTech Cement also reduced its net debt slightly to Rs163 billion, down from Rs177 billion as of March 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.