The net sales for the reporting quarter stood at Rs 21,506 crore. This was up from Rs 17,555 croe in Q3FY25.
It should also be noted that the reported PAT is excluding the impact of New Labour Code.
“Pursuant to the implementation of the new Labour Code in the country with effect from 21st November, 2025, the Company has recognised Rs. 88 crores as an exceptional expense towards additional Gratuity and Leave Encashment obligations. PAT after this one-time cost stands at Rs. 1,725 crores,” the company said in its press release.
The Government of India, as part of its Labour reform, has codified Four Labour Codes through rationalization, consolidation and simplification of 29 Labour Legislations, introduced with the objective of improving ease of doing business and extending social security coverage to a wider workforce.
The company reported a strong operational performance in the third quarter of FY26, with EBITDA also rising 29% year-on-year to Rs 4,051 crore. This marks a significant improvement over the Rs 3,142 crore reported in Q3FY25.
On a sequential basis as well, EBITDA showed notable growth, rising from Rs 3,268 crore in Q2FY26.UltraTech’s operating EBITDA per metric tonne (EBITDA/Mt) rose to Rs 1,051/Mt, marking an improvement of Rs 140 year-on-year and Rs 97 quarter-on-quarter.
For the quarter, UltraTech reported a total cement volume of 36.27 million tonnes, with India Cements (including UltraTech brand sales) contributing 2.59 million tonnes at an EBITDA/Mt of Rs 399. The combined operating EBITDA/Mt for the group stood at Rs 1,007 on a total volume base of 38.87 million tonnes.
UltraTech reported consolidated sales volumes of 38.87 million tonnes (mtpa) for the third quarter of FY26, registering a 15% year-on-year growth. The growth was led by strong performance across both core UltraTech operations and India Cements, which contributed 35.02 mtpa and 2.59 mtpa respectively.
Notably, UltraTech brand volumes alone grew 22.3% year-on-year.
Domestic grey cement sales stood at 36.37 mtpa, up 15.4% YoY, while white cement clocked 7.8% growth to reach 0.55 mtpa. Overseas sales, combining grey and white cement, came in at 1.99 mtpa, growing 11.7% year-on-year.
However, exports and others registered a decline of 6.2%, contributing 0.19 mtpa during the quarter.
In terms of Capacity expansion, during the quarter, UltraTech commissioned 0.6 mtpa of cement capacity at its grinding unit at Dhule Cement Works, Maharashtra and 1.2 mtpa at the integrated unit at Nathdwara Cement Works, Rajasthan.
UltraTech’s domestic grey cement capacity now stands at 188.66 million tonnes per annum (mtpa), with an additional 5.4 mtpa from its UAE operations, taking the company’s total global capacity to 194.06 mtpa. With this scale, UltraTech is now the second-largest cement producer globally by capacity, and the largest by sales volumes (excluding China).
During the quarter, the company incurred a capital expenditure of Rs 2,357 crore under its ongoing capex program. It also reported improved financial metrics, with the net debt to EBITDA ratio reducing to 1.08x, highlighting operational strength and healthy cash flows.
The company, along with its subsidiary India Cements Limited, has commenced its next leg of expansion, aiming to add 22.8 mtpa through a combination of brownfield and greenfield projects. Work is currently progressing as per schedule, and upon completion, UltraTech’s total capacity is expected to rise to 240.76 mtpa.
Meanwhile, its Cables and Wires business is also progressing on track. Key orders have been secured, civil work is underway at the project site, and team ramp-up is in progress. The company remains confident of adhering to the planned launch timeline of Q3 FY27.
