UltraTech Cement reported a strong Q2 FY27, with revenue growing 18.8% year-on-year to Rs 23,295 crore and net profit rising 21.3% to Rs 1,494 crore. The company expanded its capacity to 204.7 mtpa and diversified into the wires and cables market with the new 'Ultravolt' brand, signaling a strategic shift into broader building solutions.
UltraTech Cement Reports Strong Q2 FY27 Financial Growth
Revenue at Rs 23,295 crore; Net profit at Rs 1,494 crore.
Reader Takeaway: Strong revenue growth and successful capacity expansion are tempered by long-standing, ongoing legal proceedings regarding CCI penalties.
What just happened
UltraTech Cement has delivered a robust set of numbers for the second quarter ending September 30, 2026. Revenue from operations increased by 18.8% to Rs 23,295 crore, up from Rs 19,607 crore in the same quarter last year. Profit after tax saw a healthy jump of 21.3% to Rs 1,494 crore, driven by consistent operational execution.
Why this matters
The company is aggressively moving toward its target of 240+ mtpa capacity by March 2028. This quarter saw the addition of 3.6 mtpa via a new plant in Andhra Pradesh and an additional 1 mtpa through debottlenecking. Furthermore, the launch of the 'Ultravolt' brand marks a significant pivot toward becoming a comprehensive building solutions provider beyond traditional cement.
Sustainability and Operations
UltraTech continues to optimize its energy mix, with green power now accounting for 48% of its total consumption. It added 117 MW of renewable energy and 10 MW of Waste Heat Recovery System capacity this quarter, reinforcing its focus on reducing the carbon footprint of its manufacturing base.
Risks to watch
The firm remains entangled in legal disputes with the Competition Commission of India regarding penalties totaling Rs 1,872.61 crore (from 2016 and 2017 orders). While the Supreme Court has granted a stay on the NCLAT order, these unresolved regulatory matters remain a key risk. The company continues to operate without making provisions for these penalties, based on legal advice.
What to track next
Investors should monitor the scaling of the new 'Ultravolt' business line and the pace of remaining capacity additions to reach the 240+ mtpa goal by 2028.