UltraTech Cement, India's biggest cement maker by capacity, reported third-quarter earnings above estimates on Thursday on the back of strong volume growth, sending its shares soaring 7% in afternoon trade.

UltraTech beat Bloomberg analysts' poll estimates of a net income of Rs 1,323 crore and revenue of Rs 17,129 crore

The cement major was expected to report an on-year fall of 26 percent in net profit, weighed down by lower realisations, depreciation.

Aditya Birla Group firm UltraTech Cement recorded a revenue increase of 3% on year-on-year basis at ₹17,193 crore in the October to December 2024 quarter, according to the firm’s third quarter financial results released on January 23.

UltraTech Cement, India's biggest cement maker by capacity, reported better-than-expected third-quarter earnings, as strong volume growth outweighed a hit from weaker prices of the construction material.

UltraTech Cement reported a 16.5% year-on-year decline in Q3FY25 profit, with a standalone profit after tax of ₹1,434 crore, compared to ₹1,718 crore in the same quarter last year.