Ambuja Cements profit soars 364 percent, hits record

Ambuja Cements reported consolidated net profit of 2,302.3 crore rupees for the July through September period, representing a 364 percent jump from 496.5 crore rupees during the corresponding quarter one year earlier. The cement manufacturer, which operates within the Adani Portfolio, posted a standalone profit that climbed 177 percent to reach 1,387.55 crore rupees. Revenue hit 9,174 crore rupees during the three months, marking the strongest second-quarter performance in company history with a 21 percent annual gain.

Vinod Bahety, who serves as whole-time director and chief executive, said extended rainfall created challenges for the cement business while regulatory changes around goods and services tax, carbon trading rules and coal charges will provide benefits ahead. Operating profit measured 1,761 crore rupees with margins widening to 19.2 percent. The business maintained zero debt and increased net worth by 3,057 crore rupees to 69,493 crore rupees.

Management raised production targets for fiscal 2028 from 140 million tonnes annually to 155 million tonnes through efficiency improvements costing approximately $48 per tonne. A 4 million tonne kiln facility at Bhatapara in Chhattisgarh has begun test operations while a 2 million tonne grinding plant at Krishnapatnam started commercial production. Three additional sites will add 7 million tonnes of capacity during the upcoming quarter.