UltraTech Cement And SBI Cards Post Strong Q4FY26

On Monday, both companies reported their March 2026 quarter results. Earnings, revenue, and asset quality all moved from year-ago levels. UltraTech Cement saw gains driven by higher volumes and rising revenue. SBI Cards posted an improvement in asset quality, while profit growth stayed moderate.

UltraTech Cement

UltraTech reported consolidated net profit of ₹2,983 crore for the March quarter, up 20% from a year ago. Revenue from operations grew 12% to ₹25,799 crore. On the ground, grey cement volumes reached 42.41 million tonnes in the quarter, up 9% year-on-year, as housing, infrastructure and commercial construction all held up well. Capacity utilisation came in at 89%. White cement volumes grew 15%.

The full-year numbers were the bigger story. Annual sales hit a record ₹87,384 crore, up 17% from ₹74,936 crore in FY25. Consolidated Profit Before Interest, Depreciation and Tax rose 32% to ₹17,598 crore, the highest the company has ever reported. At 3:45 PM, UltraTech Cement Ltd Shares were trading at ₹12,008.

UltraTech Key Numbers At A Glance

• Consolidated net profit Q4: ₹2,983 crore, up 20% YoY

• Revenue Q4: ₹25,799 crore, up 12% YoY

• FY26 Profit Before Interest, Depreciation and Tax: ₹17,598 crore, up 32% YoY

• FY26 profit after tax: ₹8,305 crore, up 36% YoY

• FY26 annual sales: ₹87,384 crore, up 17% YoY

• Operating cash flows: ₹14,398 crore, up 50% YoY

• Grey cement volumes Q4: 42.41 million tonnes, up 9% YoY

• Capacity utilisation: 89%

• Net debt to Earnings Before Interest, Tax, Depreciation and Amortisation: 0.94x

The board declared a special dividend of ₹240 per share. The payout needs shareholder approval at the Annual General Meeting.

SBI Cards

SBI Cards and Payment Services Ltd posted a net profit of ₹609 crore for Q4FY26, up 14% from ₹534 crore a year earlier. Fees and commission income rose 12% to ₹2,343 crore, while interest income edged down slightly to ₹2,382 crore from ₹2,415 crore. For the full year, net profit rose 13% to ₹2,167 crore and revenue grew 10% to ₹19,900 crore.

Gross non-performing assets fell to 2.41% from 3.08% a year ago. Net non-performing assets dropped to 1.04% from 1.46%. Capital adequacy ratio stood at 25.47% and net worth grew to ₹15,797 crore from ₹13,782 crore.

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SBI Cards Key Numbers At A Glance

• Net profit Q4: ₹609 crore, up 14% YoY

• Revenue from operations Q4: ₹4,934 crore, up 5.6% YoY

• Fees and commission income: ₹2,343 crore, up 12% YoY

• Profit Before Tax: ₹816 crore, up 13.5% YoY

• Gross non-performing assets: 2.41% vs 3.08% YoY

• Net non-performing assets: 1.04% vs 1.46% YoY

• Capital adequacy ratio: 25.47%

• FY26 net profit: ₹2,167 crore, up 13% YoY

SBI Cards and Payment Services Ltd was trading at ₹670 at 3:50 PM.

Sources:

Moneycontrol

Economic Times