Adani Group-owned Ambuja Cements Ltd on Wednesday reported a profit of Rs 2,620.09 crore during the third quarter of FY25, posting a surge of 140.21 per cent in comparison to Rs 1,090.73 crore during the corresponding quarter of FY24. The company posted revenue from operations at Rs 8,415.31 crore, up 4.51 per cent as against Rs 8,052.42 crore during the same period of previous financial year. Ambuja Cements posted volume growth of 17 per cent YoY, at 16.5 million T, which is the highest ever cement sales volume recorded by the company in a quarter. It said that the cement sales has witnessed a growth of 17 per cent YoY at 16.5 million T, which is its highest ever cement sales volume in a quarter. 

Ajay Kapur, Whole Time Director & CEO, Ambuja Cements Limited, said, “We are pleased to report a quarter of sustainable performance, aligned with our growth plan. With focus on innovation, digitisation, customer satisfaction, and ESG, our vision drives our expansion into new geographies. Our strategic acquisitions have significantly increased our capacity and market presence. This will be dove-tailed with our ongoing expansion projects, delivering exceptional value for our stakeholders and propelling us towards achieving over 104 MTPA capacity by Q4FY25 and 118 MTPA by FY26.”

Also Read

Ambuja Cements said that it has commissioned 200 MW solar power at Khavda, which will lead to reduction in power cost in upcoming quarters. It also announced the addition of 631 million MT Limestone reserves during Dec’24 quarter, taking total reserves to 8.3 billion MT. 

In a regulatory filing, the company announced that the Orient Cement acquisition is expected to be closed in Q4FY25 while the merger of Penna and Sanghi is under progress. It said that the acquired assets like Sanghi, Asian and Penna are doing well. While maintaining that Penna plants operations are getting stabilised, it said that the clinker capacity utilisation has gone up to ~85 per cent. 

“The significant boost in efficiencies, enhanced market presence and cost leadership aligned with Group synergies have been the growth drivers for the cement business. Efficiency investments & digitisation initiatives have started to yield results. The company remains committed to maintain its cost and market leadership in coming quarters,” it said.

Ambuja Cements’ net worth increased by Rs 2,619 crore during the quarter and stands at Rs 62,535 crore. The company remains debt free and the Cash & Cash Equivalent stood at Rs 8755 crore (14 per cent of the net worth). 

In terms of growth outlook, Ambuja Cements said that improved consumption demand in housing and infrastructure segments, and increased government spending are poised to reverse the tepid 1.5-2 per cent cement demand growth during H1FY25. This demand is expected to grow by 4-5 per cent in FY’25, further supported by the pro-infra and housing Budget 2025.