Business

Ambuja Cements Maintains Robust Performance In Q2 FY25

Ambuja Cements, a key player under the Adani Group, reported a robust performance for the July-September quarter of the 2024-25 fiscal year, driven by expanding operations and sustained demand from key sectors.

The company achieved a significant 9% volume increase, reaching 14.2 million tonnes – the highest Q2 volume in five years – highlighting the growing scale of its operations.

Quarterly revenue for Ambuja Cements reached an all-time high of Rs7,516 crore, marking a modest 1% increase compared to the same period last year.

Additionally, the company’s net worth rose to Rs 59,916 crore, underscoring its strong financial position, according to Monday’s earnings report.

Ambuja attributes this growth to expanded production capabilities, integration of new assets, and enhanced operational efficiencies.

Ajay Kapur, Whole Time Director and CEO, Ambuja Cements, said, “We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency.”

“We continue to focus on innovation, digitalisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision,” he added.

Following a successful acquisition of Orient Cement, Ambuja Cements is likely to cross a production capacity of 100 million tonnes annually by the end of the fiscal year.

The company’s nationwide portfolio now spans 22 integrated manufacturing plants and 21 cement grinding units, which support a cumulative production capacity of 89 million tonnes per annum.

Strategic investments in housing, transportation, and urban infrastructure by the government, including the PMAY Urban Housing 2.0 scheme, are likely to sustain high demand for cement in the second half of the year.

This demand boost is forecasted to drive sector growth by 4-5%, especially with increased allocations for roads, railways, and commercial infrastructure projects.

Ambuja Cements

Ambuja Cements, with its strong asset base and streamlined working capital strategy, aims to leverage these favorable conditions to cement its leadership in the sector. As the infrastructure boom continues, the company looks to play a pivotal role in shaping India’s construction landscape, guided by a strategy of scale, efficiency, and sustainability.

Mankrit Kaur

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

6 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

6 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

7 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

7 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

8 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

8 hours ago