@monalipatil-7473 Thank you for reaching out to Microsoft Q&A. I understand that you are want to take a backup of your ultradisk.
As seen from the limitations section of Selective disk backup, currently, Azure VM backup doesn't support VMs with ultra-disks or shared disks attached to them. Selective disk backup can't be used to in such cases, which exclude the disk and backup the VM.
An alternate solution would be adding additional data disks (managed). Use multiple disk and stripe them together to mitigate the overall per disk IO requirement.
https://learn.microsoft.com/en-us/azure/virtual-machines/premium-storage-performance#disk-striping
Hope this helps. Please let us know if you have any further questions and we will be glad to assist you further. Thank you!
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