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UltraTech Cement posts robust Q3: Strong Volume growth, PAT doubles YoY

Ultratech Cement posted a robust set of results for Q3, with the company beating street estimates by a handsome margin. Here are the key highlights from Ultratech earnings this time
Ultratech Cement Consol Q3 – Good set All Above
Revenues at `12,254cr vs `10,439cr, up 17.4%
PAT at `1584cr vs `711.2cr, up 123%
EBITDA at `3094cr vs `1979cr, up 56.3%
Margins at 25.2% vs 18.9%
Volumes up 14% from 20MnTn to 22.82MnTn
Capacity Utilization ~ 80% up 11% YoY

Company says
CCI visited premises during quarter
Presently do not believe any material impact
Strong recovery from COVID led to disruption
Recovery led by quicker demand stabilization
Seeing supply-side restoration & greater cost efficiencies
Pick‐up in infrastructure projects and government CAPEX could further help recovery
Net debt reduced by `2696cr in Q3
Net debt reduced by `7424cr in YTD
Announces CAPEX of `5477cr to increase capacity by 12.8MTPA
Total capacity to rise to 136.25MTP.