Ultratech Cement Q3 Preview: PAT may fall 29% YoY; realisations to be lower

Ultratech Cement’s revenue from operations in the third quarter is expected to grow by just 1% YoY, while PAT may decline 29% YoY, according to an average estimate of four brokerages. EBITDA is projected to fall 14% YoY, with operating margins contracting by 3.1 percentage points to 16%. Ultratech faces pricing pressure from peers despite its strong branding, with analysts citing weaker realizations due to subdued white cement and clinker sales.