Adani’s Ambuja Cements Q2 Profit Soars 364% To Rs 2,302 Crore; Raises FY28 Capacity Target

Ambuja Cements, a key company under the Adani Group, posted a strong financial performance for the July–September quarter of FY26, reporting a 364 per cent year-on-year (YoY) surge in consolidated net profit to Rs 2,302.3 crore, up from Rs 496.5 crore in the same period last year.

On a standalone basis, profit after tax (PAT) rose nearly threefold to Rs 1,387.55 crore, compared to Rs 500.66 crore in Q2 FY25, reflecting a 177 per cent YoY increase.

The company achieved its highest-ever second-quarter revenue, reaching Rs 9,174 crore, a 21 per cent growth from the previous year.

Commenting on the results, Vinod Bahety, Whole-Time Director and CEO of Ambuja Cements, said the quarter was ‘noteworthy’ for the cement industry.

“Despite the headwinds from prolonged monsoons, the sector will benefit from the tailwinds of several favourable developments, including GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of coal cess,” he noted.

EBITDA and Margins Show Strong Growth

For the quarter, EBITDA stood at Rs 1,761 crore, up 58 per cent YoY, while EBITDA per tonne rose 32 per cent to Rs 1,060.

The company’s operating margin expanded to 19.2 per cent, an improvement of 4.5 percentage points over the previous year.

Ambuja Cements also maintained a debt-free status, with net worth climbing to Rs 69,493 crore, an increase of Rs 3,057 crore during the quarter. Earnings per share (EPS) jumped 267 per cent to Rs 7.2.

On the operations front, the company announced major capacity expansion plans.

Ambuja Cements increased its FY28 production target from 140 to 155 million tonnes per annum (MTPA), adding 15 MTPA through low-cost debottlenecking at about $48 per tonne.

The company has begun trial runs for a 4 MTPA kiln line at Bhatapara (Chhattisgarh), while the 2 MTPA grinding unit at Krishnapatnam has been commissioned.

Three more projects, adding a combined 7 MTPA capacity, will likely become operational in the next quarter.

Looking ahead, the company expressed optimism about the remainder of the fiscal year, stating that it expects to deliver double-digit revenue growth and maintain four-digit per-tonne EBITDA for FY26.

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