UltraTech Cement reported Q2FY25 earnings that surpassed expectations, with revenue at INR 156,347 Mn, down 2.4% YoY. EBITDA fell to INR 20,183 Mn, reflecting a margin decline to 12.9%, while PAT dropped 36% YoY to INR 8,200 Mn. The target price is set at INR 12,063, maintaining an "ACCUMULATE" rating due to strong growth potential.
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