Ambuja Cements Q2 Results: Revenue rises 22% from last year; firm raises FY28 capacity target

Ambuja Cements Ltd. reported a consolidated net profit of ₹1,766 crore for the September quarter, sharply higher than ₹480 crore in the same period last year, aided by a tax write-back of ₹1,465 crore versus a tax expense of ₹248 crore in the year-ago period.

Profit before tax rose 13% year-on-year to ₹838 crore from ₹744 crore. Revenue for the quarter came in at ₹9,175 crore, up 22% from ₹7,552 crore in the corresponding quarter last year. The company said this marks its highest-ever Q2 topline.



Ambuja Cements also raised its FY28 capacity target by 15 million tonnes per annum (MTPA) to 155 MTPA, from the earlier goal of 140 MTPA. The incremental capacity will be achieved through debottlenecking at a lower capex of $48 per tonne.

As part of its growth initiatives, the company is installing 13 blenders across its plants over the next 12 months to optimise its product mix and enhance the share of premium cement, thereby improving realisations. Additionally, plant logistics infrastructure upgrades will help improve capacity utilisation by 3% over the next 24 months.

"This quarter has been noteworthy for the cement industry. Despite headwinds from prolonged monsoons, the sector will benefit from several favourable developments including GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of coal cess," said Vinod Bahety, Whole-Time Director & CEO, Ambuja Cements.

Bahety added that the outlook for the rest of FY26 remains positive. "We remain optimistic about delivering double-digit revenue growth and four-digit PMT EBITDA."

The company aims to end FY26 with a total cost of ₹4,000 per tonne and expects a further 5% annual reduction over the next two years to reach ₹3,650 per tonne by FY28.

Following the results, shares of Ambuja Cements Ltd. were trading 1.4% higher at ₹573.20. The stock has gained around 6% so far in 2025.