Financial Highlights:

  • Quarterly revenue at Rs 9,174 Cr highest ever in Q2 series, up 21% YoY, volume growth ~5x industry average
  • Q2 PMT EBITDA @ Rs.1,060 PMT, up 32% YoY, Rs 1,761 Cr, up 58% YoY, Margin @ 19.2%, up 4.5 pp YoY
  • EPS at Rs 7.2 for the quarter, up by 267% (an increase of Rs 5.2) YoY
  • Net worth at Rs. 69,493 Cr, up by Rs 3,057 Cr during the quarter, continue to remain debt free, highest rating of Crisil AAA (Stable) / Crisil A1+      

Operational Highlights:

  • FY28 target capacity upped by 15 MTPA from earlier 140 MTPA to now 155 MTPA.  This incremental 15 MTPA capacity will be achieved by debottlenecking at a much lower capex of USD 48/ MT.
  • We are also installing 13 blenders at our plants over a period of 12 months which will optimize product mix and increase share of premium cement, thereby improving realisation.
  • In addition, Plant logistics infrastructure debottlenecking will help existing capacity (107 MTPA) utilisation up by 3% over 24 months.
  • Trial run has started for a 4 MTPA new kiln line at Bhatapara (Chhattisgarh). 
  • 2 MTPA Krishnapatnam GU operationalised, additional 7 MTPA will be operational at other 3 locations in Q3.
  • Commissioned 200 MW solar power taking RE capacity to 673 MW, expected to reach 900 MW by the end of this year, and 1,122 MW by FY27.

Strategic Initiatives:

  • CiNOC (Cement Intelligent Network Operations Centre) launched to infuse in operations & businesses an AI layer deep into our enterprise fabric, which will facilitate paradigm shift in operations 
  • Strategic engagements & partnerships with CONCOR, CREDAI, 400+ academia (Adani Cement FutureX programme) to provide competitive advantage
  • 7 vessels of total 65,800 DWT (Deadweight Tonnage) capacity ordered, share of sea logistics to reach 5%

Ahmedabad : Ambuja Cements, part of the diversified Adani Portfolio and the 9th largest building materials solutions company globally, delivered a robust performance in Q2 FY26, A comprehensive focus on market share gains and R&D-led premium cement offerings has enabled differentiated performance both in volume growth and improved realizations.

Mr. Vinod Bahety, Whole Time Director & CEO, Ambuja Cements, said: “This quarter has been 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. Our capacity expansion is well timed to capitalise on this positive momentum. We have upped our FY28 target capacity by 15 MTPA from earlier 140 MTPA to now 155 MTPA. This increase of 15 MTPA from debottlenecking initiatives will come at a much lower capex of USD 48/MT. In addition, debottlenecking of plant logistics infrastructure will help in improving existing capacity (107 MTPA) utilisation by 3%. We are also installing 13 blenders at our plants over a period of 12 months which will optimise mix and increase share of premium cement, in turn improving realisation. The leadership journey has resulted in a 5% lower cost of sales YoY and enabled our existing assets to deliver a PMT EBITDA of ~Rs. 1,189 PMT, and an overall EBITDA of Rs. 1,060 PMT. Our outlook for the balance period of FY26 remains positive. We remain optimistic about delivering double digit revenue growth and four digits PMT EBITDA. Exit of FY26 we target to deliver total cost of Rs 4,000 PMT, and further 5% reduction YoY for the next two years, helping us to achieve the cost target of Rs. 3,650 PMT by FY28. 

Our Cement Intelligent Network Operations Centre (CiNOC) will enable a paradigm shift across business operations. AI will run deep into our enterprise fabric, bringing efficiency, productivity and deeper engagement with stakeholders across the value chain.”

Financial Performance for the Quarter ended September 30, 2025:

ParticularsUoMConsolidatedStandalone
Q2 FY26Q2 FY25Q2 FY26Q2 FY25
Sales Volume  (Cement)Mn T16.613.89.98.2
Revenue from OperationsRs. Cr9,1747,5525,1494,229
Operating EBITDA & MarginRs. Cr1,7611,111704681
%19.2%14.7%13.7%16.1%
Rs. PMT1,060803708828
Profit Before Tax @Rs. Cr838744285673
Profit After Tax @Rs. Cr2,302*4961,388501
EPS – DilutedRs.7.22.05.62.0

   *Includes income tax provision reversal of Rs 1,697 Cr.

@ Please refer slide no. 28 of Investor Deck Q2 FY26 EBITDA to PBT bridge for the period Q2 FY26 vs Q2 FY25

Financial Performance for the half year ended September 30, 2025:

ParticularsUoMConsolidatedStandalone
H1 FY26H1 FY25H1 FY26H1 FY25
Sales Volume  (Cement)Mn T35.029.220.517.3
Revenue from OperationsRs. Cr19,46415,94510,6638,781
Operating EBITDA & MarginRs. Cr3,7222,3911,5761,327
%19.1%15.0%14.8%15.1%
Rs. PMT1,064820769768
Profit Before Tax@Rs. Cr2,2331,8381,3501,437
Profit After Tax@Rs. Cr3,319*1,2802,2431,068
EPS – DilutedRs.10.54.69.14.4

    *Includes income tax provision reversal of Rs 1,697 Cr. @ Please refer slide no. 28 of Investor Deck Q2 FY26 EBITDA to PBT bridge for the period H1 FY26 vs H1 FY25