UltraTech Cement shares will remain in focus on Tuesday, July 22, after brokerage firms raised their target rates following the companys Q1FY26 results some as high as Rs 14,600 while maintaining a bullish outlook on Indias largest cement producer.The upgrades are driven by strong operational performance and a positive demand outlook, underpinned by federal government facilities tasks and steady housing demand.UltraTech Cement Q1 resultsUltraTech Cement reported a robust 49% year-on-year (YoY) dive in its consolidated net earnings for the June quarter to Rs 2,226 crore, up from Rs 1,495 crore in the exact same period in 2015.
Nevertheless, revenue decreased 10% sequentially from Rs 2,482 crore in Q4FY25.Revenue for the quarter increased 13% YoY to Rs 21,275 crore, compared to Rs 18,818 crore a year ago.
Sequentially, profits declined 8% from Rs 23,063 crore in the previous quarter.The company likewise reported consolidated volume growth of 9.7% YoY, consisting of contributions from India Cements.Live Events: Beyond 1:1 reward issue, why HDFC Bank shares stay top choice after Q1 resultsBrokerage commentary post Q1 resultsMotilal Oswal|Buy|Target: Rs 14,600 Motilal Oswal (MOSL) repeated its Buy ranking and raised the target rate to Rs 14,600 from Rs 14,200, citing strong cement demand, robust EBITDA and margin growth, and continued assistance from government-driven infra and real estate tasks.
The brokerage kept in mind a 46% YoY increase in EBITDA to Rs 4,410 crore, a 4.7 percentage point enhancement in running margins to ~ 21%, and a 44% dive in adjusted PAT to Rs 2,250 crore.
MOSL expects double-digit volume development in FY26, backed by effectiveness gains, capacity growth, and a strong balance sheet.Antique Broking|Buy|Target: Rs 13,750 Antique Broking likewise maintained its Buy rating and increased the target cost to Rs 13,750 from Rs 12,800.
The brokerage stated focus remains on improving profitability of gotten properties.
It expects UltraTechs volume development and demand healing to exceed the market, with KSI and ICEM profitability anticipated to converge with the South Indian market by FY27/28 due to cost effectiveness.
Antique raised its FY26E EBITDA price quote by 3% on better realizations, while keeping FY27E forecasts largely unchanged.UltraTech Cement shares closed flat with a favorable bias at Rs 12,574.35 on BSE.(Disclaimer: Recommendations, tips, views and opinions provided by the experts are their own.
These do not represent the views of TheIndianSubcontinent)