India’s largest cement maker, UltraTech Cement, announced its financial results for the March quarter on Monday, April 27, surpassing market expectations on most fronts. The company also announced its highest-ever dividend payout for shareholders.
The earnings were announced during the market hours on Monday. UltraTech Cement shares were marginally trading lower, down 0.04% to ₹11,959 apiece.
UltraTech Cement Q4 results 2026
The cement maker reported a 21.2% year-on-year (YoY) rise in its net profit, rising to ₹3,011 crore in the quarter ending on March 31, 2026, from ₹2,484 crore in the same period last year.
Revenue from operations for the January–March 2026 quarter rose 12% YoY to ₹25,799 crore, according to the exchange filing.
Meanwhile, Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter rose 21.3% YoY to ₹5,600.5 crore.
Operating PBIDT per tonne increased to ₹1,253, marking an 11% rise compared to the previous year.
On the operational front, grey cement sales volumes in India reached 42.41 million tonnes during the quarter, up 9% YoY, supported by strong demand from housing, infrastructure, and commercial construction, which pushed capacity utilisation to 89%.
White cement volumes also registered robust growth of 15% YoY in the March quarter. For the full year, total grey cement volumes in India stood at 145 million tonnes.
For the full financial year FY26, UltraTech Cement reported record sales of ₹87,384 crore, up from ₹74,936 crore in the previous fiscal, marking a growth of 17%.
UltraTech Cement special dividend
UltraTech’s board has also approved a special dividend of ₹240 per share for shareholders—the highest in the company’s history. The payout, however, remains subject to shareholder approval at the upcoming Annual General Meeting (AGM).
“The Board of Directors, at their meeting held today, has been pleased to recommend a Special Dividend of ₹240 per share on the face value of Rs. 10/- each per equity share for the financial year 2025–26 — a deliberate and meaningful departure from the ordinary course of dividend declaration,” the company said in the filing.
The company further added that this special dividend is anchored in a confluence of several milestones that FY26 has delivered: consolidated PAT crossing the ₹8,000 crores threshold for the first time in the company’s history.
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