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UltraTech profit hits Rs 8,188 crore, declares 2400 per cent dividend
Revenue crosses Rs 88,511 crore as strong performance drives large payout
MUMBAI: UltraTech Cement Limited, part of the Aditya Birla Group, reported a strong financial performance for the year ended 31 March 2026, posting record earnings and announcing a 2400 per cent dividend for shareholders.
Following its board meeting on 27 April 2026, the company recommended a dividend of Rs 240 per equity share, underlining confidence in its financial position and cash flows.
The company delivered robust growth across key metrics during the year. Consolidated revenue from operations rose to Rs 88,511.53 crore, compared to Rs 75,955.13 crore in the previous year. Profit before tax increased to Rs 10,927.19 crore from Rs 7,528.13 crore, while net profit stood at Rs 8,188.35 crore, up from Rs 6,039.64 crore a year earlier. Earnings per share improved to Rs 277.62 from Rs 205.30. The group’s total asset base expanded to Rs 1,41,376.05 crore.
UltraTech continued to strengthen its business through strategic portfolio moves. The company completed the acquisition of Birla White WallCare Private Limited in May 2025, integrating it as a wholly owned subsidiary. It also exited non-core investments by divesting its stake in Bhumi Resources (Singapore) Pte. Ltd. in February 2026. Additionally, the company reduced its holding in The India Cements Limited through an offer for sale during August 2025.
During the year, the company recorded an exceptional expense of Rs 80.76 crore to account for the impact of new labour codes introduced by the Government of India, which required adjustments related to employee benefits such as gratuity and leave.
On the regulatory front, a case involving the Competition Commission of India remains ongoing, with penalties exceeding Rs 1,872 crore. The company has deposited Rs 180.43 crore as part of the requirement for a stay order and, based on legal advice, has not made further provisions.
With strong cash flows from operations of Rs 17,454.49 crore, UltraTech remains well positioned for future growth. The company continues to focus on expanding capacity, improving operational efficiency and strengthening its position as a leading player in the cement and building solutions sector.
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Magellanic Cloud names Syed Ameeruddin CEO of e-surveillance arm
Keeping a sharper eye on the future, Magellanic Cloud is putting a seasoned watcher in charge.
MUMBAI – Magellanic Cloud Ltd. has elevated Syed Ameeruddin as Chief Executive Officer of its e-surveillance business, bringing its iVIS and Provigil operations under a unified leadership to accelerate growth in intelligent monitoring and infrastructure solutions.
Ameeruddin, a nearly two-decade veteran of the company, steps into the role after leading the e-surveillance vertical. His career trajectory—from Business Development Manager to the top of the vertical—reflects a steady climb built on operational depth, client engagement, and strategic execution across multiple subsidiaries.
Over the years, he has played a central role in expanding the company’s footprint, strengthening client relationships, and streamlining operations. He has also been instrumental in integrating acquisitions, helping align new businesses with Magellanic Cloud’s long-term strategy while stabilising performance across diverse domains.
More recently, Ameeruddin has contributed to securing key mandates spanning railways, the National Highways Authority of India, and the BFSI sector—wins that have bolstered the company’s order book and deepened its presence in critical infrastructure.
Commenting on the move, Joseph Sudheer Thumma said Ameeruddin’s leadership has been “pivotal in shaping the e-surveillance business,” citing his ability to drive growth, build teams, and deliver strategic wins as key to the company’s journey. His elevation, Thumma added, is expected to further accelerate expansion in AI-driven surveillance and infrastructure solutions.
The transition comes as demand surges for AI-enabled monitoring, centralised command systems, and large-scale deployments across mission-critical environments. Magellanic Cloud’s e-surveillance segment—anchored by iVIS and Provigil—has emerged as a significant growth engine, delivering projects across banking, transport, highways, and public infrastructure.
In his new role, Ameeruddin will focus on scaling platform capabilities, expanding deployments in complex environments, and developing integrated solutions that enhance real-time intelligence and operational resilience. He will continue to serve as Chief Operating Officer of the company alongside his new responsibilities.
With this leadership shift, Magellanic Cloud is doubling down on its ambition to stay ahead in India’s rapidly evolving surveillance ecosystem—where seeing, increasingly, is not just believing, but predicting.
