Revenue from operations in the January-March 2026 period increased 12% YoY to Rs 25,799 crore.
The company said the special dividend is anchored in a confluence of several milestones achieved in FY26, including consolidated PAT crossing the Rs 8,000 crore threshold for the first time in its history, domestic grey cement capacity surpassing the 200 MTPA mark, and operating cash flows growing 50% YoY to Rs 14,398 crore.
“These are not incremental achievements. They represent the full fruition of a decade of disciplined capital allocation, bold capacity-building, and the seamless integration of transformative acquisitions,” UltraTech said in an earnings release.
“The special dividend is the Board’s unambiguous signal to the capital markets and to shareholders who have trusted UltraTech through years of heavy investment. FY26 is the year that patience has been vindicated, and the reward must be commensurate with the moment,” it added.
The company further said that operating cash flow for FY26 comfortably supports both ongoing capital expenditure programmes and this dividend distribution, with no compromise to its financial stability or forward growth commitments.
During the fourth quarter, profit before interest, depreciation and taxation (PBIDT) scaled to an all-time quarterly high of Rs 5,688 crore, a 20% YoY surge, while operating PBIDT per tonne rose to Rs 1,253, up 11% from the prior year.Operationally, grey cement sales volumes in India reached 42.41 million tonnes in the quarter, rising 9% YoY, as capacity utilisation surged to 89%, driven by robust demand across housing, infrastructure, and commercial construction segments. White cement volumes grew 15% YoY in the March quarter. For the full year, total grey cement volumes in India stood at 145 million tonnes.
On the cost front, the company demonstrated strong discipline. Energy costs declined 3% YoY, driven by a higher green power mix, which now stands at 43% of total power consumption versus 34.4% in the prior year.
Imported fuel costs averaged $122 per tonne in Q4, remaining broadly stable YoY, while total costs per tonne declined 2% YoY, reflecting continued gains from cost optimisation initiatives across the production ecosystem.
“Notwithstanding the geopolitical conflict in West Asia, which exerted upward pressure on fuel prices, packaging materials, diesel, and ocean freight, the company’s resilient procurement strategy and diversified sourcing helped substantially mitigate the impact,” the company said.
For the full year FY26, UltraTech’s sales reached a record Rs 87,384 crore, compared with Rs 74,936 crore in the previous fiscal, representing a 17% increase. Consolidated PBIDT rose 32% to Rs 17,598 crore, the highest in the company’s history, driven by strong volume growth, cost discipline, and the progressive integration of acquired assets.
Consolidated Profit after Tax rose 36% to Rs 8,305 crore (before exceptional items). The company’s total capital employed now stands at over Rs 1 lakh crore, with net debt-to-EBITDA improving to 0.94x at the end of March 2026.