Shares of India Cements, a subsidiary of UltraTech Cement, surged by 10% to a high of ₹450 on the National Stock Exchange (NSE) following a remarkable 300% increase in net profit for the March quarter, amounting to ₹60 crore. The company's revenue from operations saw a modest rise of 3% to ₹1,218 crore. EBITDA also experienced significant growth, climbing to ₹179 crore, a more than six-fold increase from ₹23 crore in the same quarter last year. Despite rising raw material costs, which increased to ₹1,053 crore, the company achieved a domestic sales volume of 3.12 million tonnes, reflecting an 18% year-on-year growth. Operating EBITDA per metric tonne rose to ₹497, compared to ₹305 in the previous quarter. Looking ahead, India Cements has announced a ₹2,000 crore capital expenditure plan over the next two years, focusing on capacity expansion and renewable energy initiatives. The overall outlook for the Indian cement industry remains positive, driven by government infrastructure spending, even as the residential real estate market faces challenges.