New Delhi: Ambuja Cements Ltd, part of the Adani Group, on Monday reported a more than fourfold jump in its profit after tax (PAT) to Rs 2,302 crore for the second quarter ended September 2025, compared to Rs 496 crore in the same period last year.
The sharp rise in profit includes an income tax provision reversal of Rs 1,697 crore, following favourable High Court rulings, the company said in a regulatory filing.
Ambuja Cements’ consolidated revenue from operations rose 25% year-on-year to Rs 9,129.73 crore in Q2 FY26, against Rs 7,304.77 crore in the year-ago quarter. Revenue from the cement business stood at Rs 8,753.62 crore, up 20.15%, while Ready Mix Concrete (RMC) revenue surged 56.5% to Rs 462 crore.
Total expenses climbed 19.16% to Rs 8,375.59 crore during the quarter. Including other income, consolidated revenue reached Rs 9,431.53 crore, marking a 19% annual increase.
Ambuja Cements, the country’s second-largest cement producer, recorded its highest-ever Q2 sales volume at 16.6 million tonnes (MT), up 20% year-on-year.
The consolidated results also include the performance of ACC Ltd (in which Ambuja holds a 51% stake), Sanghi Industries, Penna Industries, and Orient Cements. The company noted that the results are not comparable with previous quarters due to recent acquisitions and the amalgamation of Adani Cementation.
On a standalone basis, Ambuja’s revenue from operations rose 26.17% to Rs 5,139.48 crore, while PAT doubled to Rs 1,387.55 crore in Q2 FY26.
Ambuja Cements’ Whole Time Director and CEO Vinod Bahety said the quarter was “noteworthy” for the industry despite prolonged monsoons. He cited upcoming reforms such as GST 2.0, the Carbon Credit Trading Scheme (CCTS) 2, and the withdrawal of coal cess as positive drivers for growth.
Bahety announced that the company has raised its FY28 capacity target by 15 million tonnes per annum (MTPA) — from 140 MTPA to 155 MTPA — through debottlenecking initiatives, which will cost just USD 48 per tonne. These efforts are also expected to improve capacity utilisation by 3% for its existing 107 MTPA.
Looking ahead, Bahety said the company remains optimistic about maintaining double-digit revenue growth and achieving four-digit EBITDA per tonne.
“We aim to exit FY26 with a total cost of Rs 4,000 per tonne and further reduce it by 5% annually over the next two years to reach Rs 3,650 per tonne by FY28,” he added.
Shares of Ambuja Cements Ltd closed 2.14% higher at Rs 577.35 on the BSE on Monday.
