The Nifty January 2025 futures closed at 23,267, a premium of 61.65 points compared with the Nifty's closing 23,205.35 in the cash market. In the cash market, the Nifty 50 added 50 points or 0.22% to 23,267. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.46% to 16.70. UltraTech Cement, HDFC Bank and Coforge were the top trading individual stock futures contracts in the F&O segment of the NSE. The January 2025 F&O contracts will expire on 30 January 2025.Powered by Capital Market - Live

Net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore in the quarter ended December 2024 as against Rs 1776.98 crore during the previous quarter ended December 2023. Sales rose 2.71% to Rs 17193.33 crore in the quarter ended December 2024 as against Rs 16739.97 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales17193.3316739.97 3 OPM %16.7819.44 - PBDT2748.253138.65 -12 PBT1831.522355.17 -22 NP1469.511776.98 -17 Powered by Capital Market - Live

Revenue from operations increased 9.96% to Rs 17,193.33 crore in the December 2024 quarter as against Rs 15,634.73 crore reported in the preceding quarter of the same year. On a year-on-year (YoY) basis, the cement major's net profit slipped 17.30% while revenue rose 2.70% in Q3 FY25. Net sales stood at Rs 16,971 crore in the third quarter of FY25, down 2.93% from Rs 16,487 crore posted in the same quarter last year. Profit before tax in Q3 FY25 was at Rs 1,831.52 crore, down 22.23% from Rs 2,355.17 crore posted in Q3 FY24. Profit before interest, depreciation, and tax (PBIDT) stood at Rs 3,131 crore in Q3 FY25, registering de-growth of 7.77% from Rs 3,395 crore reported in Q3 FY24. On the operational front, the company achieved a capacity utilisation of 73% in Q3 FY25. Domestic sales volume grew 10% YoY. Energy costs were lower by 13% YoY, mainly on account of a decrease in fuel costs. UltraTech's expansion program is progressing as scheduled. As part of its ongoing capacity expansion efforts, the company has commissioned an additional 1.8 million metric tons per annum (mtpa) of capacity. Following the acquisition of The India Cements, UltraTech's consolidated cement capacity has increased to 171.11 mtpa. Upon the completion of its ongoing expansion projects and the acquisition of Kesoram Cement, which adds 10.75 mtpa, UltraTech is on track to achieve the significant milestone of surpassing 200 mtpa of cement capacity in India by the end of FY27. UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third largest cement producer in the world, outside of China, with a consolidated Grey Cement capacity of 154.86 mtpa. Powered by Capital Market - Live

UltraTech Cement has revised the meeting of the Board of Directors which was scheduled to be held on 21 January 2025. The meeting will now be held on 23 January 2025.Powered by Capital Market - Live

The Board of UltraTech Cement at its meeting held on 27 December 2024 has approved making an investment to acquire non-controlling minority stake upto 3.70 crore equity shares of Star Cement at a price not exceeding Rs. 235/- per share, excluding STT; stamp duty and other levies. Some promoter and promoter group entities of Star Cement, a company incorporated under the Companies Act, 1956, having its registered office at Village Lumshnong, Dist.: East Jaintia Hills, Khaliehriat, Meghalaya - 793210 ('Star Cement'), propose to sell their equity holding in Star Cement and have approached the Company for the same. Powered by Capital Market - Live

UltraTech Cement has allotted 2,000 equity shares under ESOS. On allotment, the equity share capital of the company stands increased to 28,87,00,060 equity shares of Rs. 10/- each aggregating to Rs. 2,88,70,00,600/-. Powered by Capital Market - Live

Shares of Ultratech Cement rose by 0.21% to Rs 11,448.45, while India Cements surged by 8.22% to Rs 366.85 on the BSE. Under the acquisition, the company will acquire 10,13,91,231 equity shares of Rs 10 each, representing 32.72% of the equity share capital of India Cements held by the promoters, members of the promoter group, and other shareholders. In addition, the CCI also approved the company's open offer to acquire up to 8,05,73,273 equity shares (26% of the equity share capital) at a price of Rs 390 per share from the public shareholders of India Cements. On 28 July2024, the company's board had announced the acquisition of a 32.72% stake in India Cements from promoters and their associates in Rs 3,954-crore deal, which would expand its footprint in the highly competitive and fast-growing southern cement market. Besides, Ultratech had also announced Rs 3,142.35 crore open offer to acquire 26% share of India Cements from its shareholders. The principal business of India Cements is the manufacturing and sale of cement and cement-related products. UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third largest cement producer in the world, outside of China, with a consolidated grey cement capacity of 154.86 mtpa. Powered by Capital Market - Live

UltraTech Cement will hold a meeting of the Board of Directors of the Company on 21 January 2025Powered by Capital Market - Live

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail, Granules India, Hindustan Copper, Manappuram Finance are banned from F&O trading on 13 November 2024. Upcoming Result: Astrazeneca Pharma India, Century Plyboards, Deepak Nitrite, Dredging Corporation Of India, FIEM Industries, Garden Reach Shipbuilders and Engineers, Happiest Minds Technologies, HEG, Vodafone Idea, IFCI, ISGEC Heavy Engineering, Kalyan Jewellers India, KSB, Kaveri Seed Company, Mishra Dhatu Nigam, NBCC (India), PI Industries, Pitti Engineering, Precision Camshafts, Prism Johnson, Shilpa Medicare will declare their result later today. Stocks to Watch: NMDC Steel reported net loss of Rs 595.37 crore in Q2 FY25 as compared with net loss of Rs 131.10 crore in Q2 Fy24. Revenue from operations soared 448.8% to Rs 1522.35 crore in Q2 FY25 as compared with Rs 277.41 crore in Q2 FY24. Sula Vineyards reported 37.3% decline in consolidated net profit to Rs 14.48 crore on 1% fall in revenue from operations to Rs 132.36 crore in Q2 FY25 over Q2 FY24. Cello World's consolidated net profit increased 2.1% YoY to Rs 81.64 crore in Q2 FY25. Revenue from operations increased marginally to Rs 490.06 crore in Q2 FY25 as compared with Rs 488.96 crore in Q2 FY24. Bombay Stock Exchange (BSE)'s consolidated net profit soared 188% to Rs 347 crore on 137% surge in revenue from operations to Rs 746 crore in Q2 FY25 over Q2 FY24. Suven Pharmaceutical reported 3.3% increase in consolidated net profit to Rs 82.21 crore on 11.5% increase in revenue from operations to Rs 11.5 crore in Q2 FY25 over Q2 FY24. Ashoka Buildcon's consolidated net profit surged 307% to Rs 457.04 crore on 15.5% increase in revenue from operations to Rs 2,488.93 crore in Q2 FY25 over Q2 FY24. Aurobindo Pharma arm received a good manufacturing practice (GMP) certificate from the European Medicines Agency for Biosimilars manufacturing unit in Hydrebad. Tata Chemicals' subsidiary, Tata Chemicals Europe approved the proposal to make an investment of Rs 655 crore in a sodium bicarbonate plant in the UK. The arm will crease chemical production at the Lostock plant by the end of January 2025. Ultratech Cement's board will meet on 15 November to raise funds upto Rs 3,000 crore via bonds on private placement basis.Powered by Capital Market - Live

Net profit of UltraTech Cement declined 36.01% to Rs 820.04 crore in the quarter ended September 2024 as against Rs 1281.45 crore during the previous quarter ended September 2023. Sales declined 2.36% to Rs 15634.73 crore in the quarter ended September 2024 as against Rs 16012.13 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales15634.7316012.13 -2 OPM %12.9015.93 - PBDT1920.432487.57 -23 PBT1016.581689.74 -40 NP820.041281.45 -36 Powered by Capital Market - Live