https://sputniknews.in/20260720/indias-top-cement-company-sees-q1-profit-climb-17-despite-middle-east-tensions-11719017.html
India's Top Cement Company Sees Q1 Profit Climb 17% Despite Middle East Tensions
India's Top Cement Company Sees Q1 Profit Climb 17% Despite Middle East Tensions
Sputnik India
Top Cement Firm, Middle East conflict, Fuel Shock,
2026-07-20T19:25+0530
2026-07-20T19:25+0530
2026-07-20T19:25+0530
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India’s leading UltraTech Cement reported a consolidated net profit of $269.5 million for the quarter ended June 30, up from $230.8 million a year earlier, even as prices of petcoke and coal — critical fuels for cement production — remained elevated due to geopolitical tensions in the Middle East.The company reported a nearly 17% year-on-year increase in net profit, supported by robust sales volumes and constant infrastructure and housing demands.Revenue from operations rose nearly 16% to $2.556 billion, while cement sales volumes increased 12.2% to 41.31 million metric tonnes.The company’s strong performance highlights its superior scale and market position, allowing it to better manage cost pressures that have squeezed the broader industry.Although the industry implemented modest price hikes by 2.5-3% during the quarter, higher fuel costs offset much of the gains.The company plans to nearly double its annual capacity addition to 29.8 million tonnes per annum (MTPA) in fiscal 2028 from 15.9 MTPA planned for fiscal 2027, reflecting confidence in India's long-term infrastructure growth.Following the earnings announcement, UltraTech Cement shares rose as much as 2.3% in early trading.
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india, middle east, fuel prices, fuel crisis, energy prices, strait of hormuz
india, middle east, fuel prices, fuel crisis, energy prices, strait of hormuz
India's Top Cement Company Sees Q1 Profit Climb 17% Despite Middle East Tensions
As geopolitical tensions in the Middle East keeps coal and fuel prices elevated, India’s largest cement film strengthened its market position with higher quarterly profit and an ambitious capacity expansion plan.
India’s leading UltraTech Cement reported a consolidated net profit of $269.5 million for the quarter ended June 30, up from $230.8 million a year earlier, even as prices of petcoke and coal — critical fuels for cement production — remained elevated due to
geopolitical tensions in the Middle East.The company reported a nearly 17% year-on-year increase in net profit, supported by robust sales volumes and constant infrastructure and housing demands.
Revenue from operations rose nearly 16% to $2.556 billion, while cement sales volumes increased 12.2% to 41.31 million metric tonnes.
The company’s strong performance highlights its superior scale and market position, allowing it to better manage cost pressures that have squeezed the broader industry.
Although the industry implemented modest price hikes by 2.5-3% during the quarter, higher fuel costs offset much of the gains.
The company plans to nearly double its annual capacity addition to 29.8 million tonnes per annum (MTPA) in fiscal 2028 from 15.9 MTPA planned for fiscal 2027, reflecting confidence in
India's long-term infrastructure growth.
Following the earnings announcement, UltraTech Cement shares rose as much as 2.3% in early trading.
