Ultratech Cement S/Gdr (UCLQF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good day and welcome to the Ultra Tech Summit Limited Q1 FY26 Earnings Conference Call. As a reminder, all participants' lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Atul Daga, Chief Financial Officer of the company. Thank you, and over to you, sir. Thank you so much, Ayo. Good morning, good afternoon and good evening to everyone and welcome to our Q1 fiscal 26 earnings call. Let me straight away dive into burning issues with demand. We believe that the markets have been steady to say the least. Fundamentally, the government spends on roads continues with announcements of some new projects and push for expediting land acquisitions. The government traffic program has shown a marked improvement in the first two months of this quarter on the low base of April 8, 2014. We are seeing rising state government spends statewide Bihar, Andhra, Gujarat, Maharashtra are doing much better than the other states YOY. The country has already built 2,108 kilometers of highways in the first quarter of the current financial year, marking an 8.9% increase YOY. Mega projects like Vadawan Port, some dams, Maharashtra-Shaktipeet, Shaktipeet Expressway, the 802-kilometre expressway between Maharashtra and South Konkan are starting off. On a full year basis, we believe that the government CAPEX will generate a good growth marked by a low base of 525. This should be, all in all, very good for cement demand. Diving into my focus, our current quarter in the report. Actually, we have got used to double-digit growth till fiscal 24, y...