Adani Group’s cement and building materials arm, Ambuja Cements, reported a 23.1% year-on-year rise in net profit attributable to owners for the first quarter of FY26, driven by healthy revenue growth.Profit attributable to owners stood at ₹788 crore (Q1FY25: ₹640 crore), beating Bloomberg estimates that had predicted a ₹920 crore loss. Net profit for the quarter came in at ₹970 crore, marking a 24% annual increase.
Ambuja Cements Financials
Revenue from operations during the June quarter rose 22.6% year-on-year to ₹10,289 crore, ahead of Bloomberg’s estimate of ₹9,751 crore. Earnings before interest, taxation, depreciation and amortisation (Ebitda) surged 53.2% year-on-year to ₹1,961 crore, surpassing street estimates of ₹1,896 crore. The Ebitda margin stood at 18.7%, while Ebitda per tonne rose 28% year-on-year to ₹1,069.
Quarterly sales
The company reported quarterly sales volumes of 18.4 million tonne, up 20% from the corresponding quarter last year.Ambuja Cements’ installed capacity at the end of Q1 stood at 104.5 million tonne per annum (MTPA), supported by brownfield expansions at Farakka (2.4 MTPA), Sankrail (2.4 MTPA) and Sindri (1.5 MTPA) grinding units, along with debottlenecking efforts. The company reaffirmed its commitment to achieving 118 MTPA capacity by the end of FY26.“We are delivering with focus on value, business optimiser, solution focussed premium products, rejuvenated supply chain and superior brand pull across key markets aided by value unlocking from acquired assets. As we march towards 140 MTPA ecosystem by FY’28, we remain focused on reimagining cement as a solutions-driven customer-centric business,” Vinod Bahety, whole time director and chief executive at Ambuja Cements said.
The management has earmarked ₹9,000–₹10,000 crore in capex for FY26, targeting an additional 18 MTPA capacity during the fiscal. ₹2,000 crore of this capex was deployed in the first quarter. Ambuja Cements’ net worth as of June-end stood at ₹66,436 crore, and the company remained debt-free.
The firm noted that cement demand in Q1 grew by 4%, supported by key government initiatives such as PMAY and Bharatmala.“For FY26, we expect cement demand to grow in the range of 7% – 8% backed by sturdy rural and urban demand, modest pickup in infrastructure spending and a steady recovery in housing & real estate,” the company added.