Latest news with #Ambuja
Business Upturn
18 hours ago
- Business
- Business Upturn
Ambuja Cements Q1FY26 results: Revenue jumps 23% YoY to Rs 10,289 crore, Profit up 24% to Rs 970 crore on strong demand and margin expansion
Ambuja Cements Limited, part of the diversified Adani Group and the ninth-largest building materials company globally, has reported a robust set of numbers for the first quarter of FY26, continuing its strong momentum from the previous year. The company reported a consolidated revenue from operations of ₹10,289 crore, up 23% year-on-year (YoY) from ₹8,392 crore in Q1FY25. Profit after tax (PAT) rose 24% YoY to ₹970 crore, compared to ₹783 crore in the same quarter last year. This growth came on the back of a 20% jump in cement sales volumes, margin improvement, and greater operational efficiency. Operating EBITDA grew by 53% YoY to ₹1,961 crore, while EBITDA margin expanded to 19.1% from 15.3% in Q1FY25. EBITDA per metric tonne (PMT) stood at ₹1,069, up from ₹835 PMT last year. On a standalone basis, the company posted revenue of ₹5,515 crore (up 21% YoY), EBITDA of ₹872 crore (up 35% YoY), and PAT of ₹855 crore (up 51% YoY). Diluted EPS improved to ₹3.20 on a consolidated basis and ₹3.47 on a standalone basis. Key financials (Consolidated): Cement sales volume: 18.4 MnT vs 15.3 MnT YoY (↑20%) Revenue from operations: ₹10,289 Cr vs ₹8,392 Cr YoY (↑23%) EBITDA: ₹1,961 Cr vs ₹1,280 Cr YoY (↑53%) EBITDA margin: 19.1% vs 15.3% YoY (↑380 bps) Profit Before Tax: ₹1,333 Cr vs ₹1,094 Cr YoY (↑22%) PAT: ₹970 Cr vs ₹783 Cr YoY (↑24%) EPS (Diluted): ₹3.20 vs ₹2.62 YoY (↑22%) CEO commentary and outlook: Mr. Vinod Bahety, Whole Time Director & CEO, stated: 'Our Q1 results are more than just numbers — they reflect a transformation rooted in speed, scale and sustainability. Through value optimisation, premium product focus, and integration of acquired assets, Ambuja is reshaping the cement sector. With a clear path toward a 140 MTPA ecosystem by FY28, we are well-positioned for the next growth phase with a sustainable EBITDA of ₹1,500 PMT.' Strategic achievements: Highest ever quarterly sales: 18.4 MnT Market share gain: Up ~2 percentage points to 15.5% Premium product share: 33% of trade sales, up 43% YoY Renewable energy: Green power usage rose to 28.1% (up 9.7 pp YoY) Commissioned 57 MW wind power in Q1, renewable energy capacity now at 473 MW Net worth: ₹66,436 Cr; the company remains debt-free and holds AAA (Stable) rating EPS growth: 22% YoY on consolidated basis ESG and innovation milestones: Ambuja continues to lead with initiatives such as DIGIPIN for freight optimisation, AI-based business optimiser tools, and digitisation of partner engagement channels. Its digital BRSR (Business Responsibility and Sustainability Reporting) for FY25 has been launched, showcasing transparency and innovation in ESG disclosure. Ambuja is among the four global large-scale cement firms with SBTi-validated science-based net-zero targets. It remains committed to 12x water positivity, 11x plastic negativity, and 100% net-zero emissions by 2050. Major recognitions: Ranked as India's Most Trusted Cement Brand 2025 by TRA for the fourth consecutive year #GiantsTogether campaign won Bronze at Good Ads Matter Awards 2025 GEEF Global Emerging Environmental Excellence Company of the Year 2025 Merger update: The NCLT-Ahmedabad has approved the merger of Adani Cementation Ltd with Ambuja Cements on July 18, 2025. This provides access to 275 MnT of high-grade limestone reserves and enhances logistics with jetty infrastructure in Gujarat. Ahmedabad Plane Crash News desk at
Economic Times
10-07-2025
- Business
- Economic Times
Ambuja Cements shares in focus after ACC commissions 1.5 MTPA grinding unit in Jharkhand
Shares of Ambuja Cements will be in focus on Thursday after the company announced that its subsidiary, ACC Limited, has successfully commissioned a 1.5 million tonnes per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand. ADVERTISEMENT With this commissioning, Ambuja Cements' total installed cement capacity has increased to 104.45 MTPA, the company said in a regulatory filing. 'This development marks a significant milestone in the company's journey of growth and excellence,' it added. Last month, Ambuja had commissioned a 2.4 MTPA brownfield expansion at its Sankrail unit in West Bengal, which had pushed its capacity to 102.95 MTPA. Also Read: These 10 debt-free penny stocks rallied 75-355% in 1 year. Do you own any? For the March 2025 quarter, Ambuja Cements reported a 75% year-on-year (YoY) rise in standalone net profit to Rs 929 crore, while revenue from operations grew 19% YoY to Rs 5,670 crore. ADVERTISEMENT On a consolidated basis, however, profit after tax declined 9% YoY to Rs 956 crore, compared to Rs 1,051 crore in the same quarter last year. Consolidated revenue rose 12% YoY to Rs 9,872 stood at Rs 1,868 crore, up 10% YoY, with margins steady at 18.9%. EBITDA per tonne came in at Rs 1,001, excluding a one-time government grant recorded in the previous quarter. ADVERTISEMENT Also Read: Is the chemical sector entering a new supercycle? Top stocks already up 35–135% in 2025 According to Trendlyne, the average analyst target price for Ambuja Cements is Rs 623, implying an upside of just over 6% from current levels. The stock holds a 'Buy' rating from 38 analysts. ADVERTISEMENT Ambuja shares closed 0.1% lower at Rs 590.7 on Wednesday on the BSE, while the benchmark Sensex slipped 0.21%. The stock has gained 12% in the past six months and is up 10% year-to-date. Ambuja Cements' market capitalisation currently stands at Rs 1.45 lakh crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
10-07-2025
- Business
- Time of India
Ambuja Cements shares in focus after ACC commissions 1.5 MTPA grinding unit in Jharkhand
Shares of Ambuja Cements will be in focus on Thursday after the company announced that its subsidiary, ACC Limited , has successfully commissioned a 1.5 million tonnes per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand . With this commissioning, Ambuja Cements' total installed cement capacity has increased to 104.45 MTPA, the company said in a regulatory filing. 'This development marks a significant milestone in the company's journey of growth and excellence,' it added. Last month, Ambuja had commissioned a 2.4 MTPA brownfield expansion at its Sankrail unit in West Bengal, which had pushed its capacity to 102.95 MTPA. Also Read: These 10 debt-free penny stocks rallied 75-355% in 1 year. Do you own any? Ambuja Q4 earnings Live Events For the March 2025 quarter, Ambuja Cements reported a 75% year-on-year (YoY) rise in standalone net profit to Rs 929 crore, while revenue from operations grew 19% YoY to Rs 5,670 crore. On a consolidated basis, however, profit after tax declined 9% YoY to Rs 956 crore, compared to Rs 1,051 crore in the same quarter last year. Consolidated revenue rose 12% YoY to Rs 9,872 crore. EBITDA stood at Rs 1,868 crore, up 10% YoY, with margins steady at 18.9%. EBITDA per tonne came in at Rs 1,001, excluding a one-time government grant recorded in the previous quarter. Also Read : Is the chemical sector entering a new supercycle? Top stocks already up 35–135% in 2025 Ambuja Cements shares target price According to Trendlyne, the average analyst target price for Ambuja Cements is Rs 623, implying an upside of just over 6% from current levels. The stock holds a 'Buy' rating from 38 analysts. Ambuja Cements' stock performance Ambuja shares closed 0.1% lower at Rs 590.7 on Wednesday on the BSE, while the benchmark Sensex slipped 0.21%. The stock has gained 12% in the past six months and is up 10% year-to-date. Ambuja Cements' market capitalisation currently stands at Rs 1.45 lakh crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
19-06-2025
- Business
- Mint
Ambuja Cements raises stake in Orient Cement to 72.66%. Details here
Adani Group stock Ambuja Cements has acquired a 26 percent stake in Orient Cement, pushing its total shareholding in the company to 72.66 percent. The strategic acquisition was executed via an open offer under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, and marks a major consolidation move within the Indian cement sector. In a regulatory filing dated June 18, 2025, Ambuja Cements disclosed the purchase of 5.34 crore equity shares in Orient Cement at ₹ 395.40 apiece. This acquisition—amounting to exactly 26 percent of Orient Cement's total share capital—was conducted through an open offer extended to public shareholders. Prior to this transaction, Ambuja held 9.58 crore shares or 46.66 percent stake in the company. With this latest round of acquisition, its total ownership has risen to 14.92 crore shares, accounting for 72.66 percent of Orient Cement's equity. The transaction did not involve any complex financial instruments such as convertible securities, warrants, or pledged shares. Ambuja acquired only direct equity shares with voting rights, making the deal transparent and compliant with regulatory guidelines. The acquisition is part of Ambuja Cements' long-term expansion strategy and dovetails with the Adani Group's broader ambitions in the infrastructure and building materials space. By crossing the 70 percent ownership threshold in Orient Cement, Ambuja is expected to gain greater operational control and the ability to drive synergies across manufacturing, logistics, and marketing. This move comes at a time when the Adani Group is aggressively scaling up capacity through both organic and inorganic routes. With Orient Cement now firmly under its control, Ambuja could leverage its distribution and production capacity more efficiently across regions. In a post-deal note, global brokerage Jefferies maintained a bullish stance on Ambuja Cements. 'We maintain our 'Buy' rating on Ambuja Cement with a target price of ₹ 700, implying a 29 percent upside from current levels,' the brokerage said. Jefferies also highlighted that management is on track to scale cement capacity to 140 million tonnes per annum by FY28, up from 100 MTPA currently. 'The company is focused on cost efficiencies and expects industry demand to recover to 7-8 percent in FY26,' Jefferies added. According to the management, recent pricing trends have also shown improvement, indicating a more favorable operating environment going forward. Despite the strategic significance of the deal, the market reaction has been mixed. Ambuja Cement shares traded flat on June 19, slipping marginally by less than one percent. The stock is down over 2 percent so far in June. Meanwhile, Orient Cement has seen significant volatility. After plunging over 16 percent in the previous session, the stock fell another 1 percent in intra-day trading today. For June so far, Orient Cement has tanked nearly 28.5 percent, likely reflecting investor concerns around valuation, open offer pricing, or future integration uncertainties. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
08-06-2025
- Business
- Business Standard
Cement firms' Q4 volumes grow, but realisations decline amid weak pricing
Top Indian cement companies reported a healthy sales volume growth in the quarter ended March (Q4FY25), but saw a decline in their realisations amid weak pricing. Excluding Shree Cement (whose blended realisation remained flat year-on-year), UltraTech Cement, Ambuja Cements, JK Cement, Dalmia Bharat, Ramco Cements, and Birla Corp posted decreased realisations on a Y-o-Y basis. In Q4FY25, pan-India cement prices stood at Rs 362/bag, down by 3 per cent Y-o-Y. The South was hit the most with a 10 per cent decline in prices, according to Crisil Intelligence. Quarter-on-quarter (Q-o-Q), the prices grew by 2 per cent, with Q4FY25 being a seasonally strong quarter. According to Khushbu Lakhotia, director, India Ratings & Research, the cement price reduction was largely driven by a reduction in power and fuel costs, given the benign coal and petcoke prices. 'With a slow start to demand, large capacity additions and an increasing competitive intensity in FY25, cement prices witnessed the sharpest decline in nearly two decades. Prices remained weak as industry players focused on maximising sales volumes and market share growth,' Lakhotia said. UltraTech commissioned 17.40 million tonnes per annum (mtpa) capacity during FY25, while Ambuja surpassed 100 mtpa. Dalmia Bharat's capacity in FY25 increased to 49.5 mtpa from 44.6 mtpa in FY24. According to analysts at Mirae Asset Sharekhan, the consolidation in India's cement sector and the weak demand have put pressure on the pricing environment. The overall cement demand, however, improved by 4 per cent during Q4FY25, leading to higher volumes. Apart from Dalmia Bharat and Ramco Cements, all the other top firms posted an increase of anywhere between 3.3 and 16.9 per cent in their sales volume due to improved cement demand. Overall, the industry volume grew by 5 per cent Y-o-Y. UltraTech's volume growth was driven by its acquisitions of India Cements and Kesoram, while Ambuja's growth was on the back of Orient Cement and Penna Cement. However, blended earnings before interest, taxes, depreciation, and amortisation (Ebitda) of UltraTech and Ambuja declined on a Y-o-Y basis, despite lower input costs and better operating leverage, while that of Shree, Dalmia Bharat, and JK Cement improved. An industry expert, on the condition of anonymity, stated that the profitability of UltraTech and Ambuja saw only a limited impact from acquisitions. The overall performance of the two cement giants remained strong amid a comparatively low share of India Cements in UltraTech's total volumes and Ambuja completing the acquisition of Orient Cement in April 2025 (Q1FY26). Sequentially, all the top cement makers witnessed an improved, positive growth in blended Ebitda. All the cement firms were able to reduce total costs by 1-7.2 per cent Y-o-Y in Q4FY25 due to lower input costs, particularly that of fuel, and improved operating leverage. However, despite a reduction of around Rs 200/t in costs, the industry's Ebitda improved only marginally by Rs 20-30/t due to the continued weakness in cement prices, according to Lakhotia. Overall in FY25, the prices declined by 7 per cent Y-o-Y to Rs 340/bag. Meanwhile, the top companies' volumes grew anywhere between less than 1 per cent and over 10 per cent Y-o-Y. The blended Ebitda and realisations also declined. The companies managed to reduce their total costs in FY25. For FY26, the companies are optimistic about improved cement demand on the back of the government's focus on infrastructure and housing demand and price environment. According to the analysts at Mirae Asset Sharekhan, with the return of government capex, the demand and pricing are expected to improve. The margins of the whole sector are expected to improve from here on and will increase profitability. UltraTech's management stated that prices showed sequential improvement in April 2025 across most regions, notably in the southern markets, although overall realisation growth remained modest. It stated that April pricing trends were better compared to both March-end levels and the Q4 FY25 average. According to the analysts at JM Financial, the industry's profitability is likely to improve further in Q1FY26. Pan-India average cement prices have increased by 4 per cent Q-o-Q in the quarter so far (over Rs 15/bag), mainly led by sharp price hikes in the South and the East, while other regions were broadly flat on a sequential basis. 'With the early onset of the monsoon, we see an increasing possibility of some price reversal over the next few days,' the analysts noted. According to Lakhotia, the decadal high-capacity additions announced by companies, in addition to the ramp-up of the acquired assets that were operating at sub-optimal capacities earlier, could limit the uptick in prices despite a mid-to-high single-digit demand growth. 'Price hikes were taken by companies over April-May, that could support realisations in Q1FY26, although moderations are likely over June-July with the early onset of monsoons.' Going ahead, the cement firms have planned aggressive capacity expansion plans with UltraTech leading the pack. The company aims to expand its grey cement capacity to 195.8 mtpa from the current 183.4 mtpa. Ambuja aims to expand its capacity to 118 mtpa by FY26, while Shree Cement aims to enhance its capacity to over 80 mtpa by 2028 from the current capacity of 62.8 mtpa. Dalmia Bharat is eying a capacity of 75 mtpa by FY28 from the current 49.5 mtpa.
