Ambuja Cement, one of the country’s largest cement and building material companies of Adani Group, released the results for the April-June quarter on Wednesday. In the first quarter of the financial year, the company’s EBITDA was Rs 1,280 crore and profit was Rs 790 crore. The company’s operating cost has seen a jump of 3 percent on an annual basis and it has been Rs 4,437 PMT.
Ajay Kapoor, Whole-time Director of Ambuja Cements, said that our performance has been quite stable and our focus is now on innovation, digitization, customer satisfaction and ESG (Environmental, Social and Governance). Our performance sets the direction for the rest of the financial year. The company is expanding business in new areas.
Kapoor further said that the acquisition of Penna Cement will be completed by the second quarter of FY 25. This will increase our capacity to 89 MTPA. The company is moving fast towards its target of 140 MTPA by FY 28.
Ambuja Cement has acquired Hyderabad-headquartered Penna Cement for Rs 10,422 crore.
In the first quarter of FY25, Ambuja Cement’s operating EBITDA was 807 PMT. At the same time, EBITDA margin was at 15.4 percent.
Due to the emphasis on infrastructure by the government, cement demand saw an increase of 7 to 8 percent in FY24 and it was 422 MTPA. In FY25, cement demand may increase by 7 to 9 percent to 451 MTPA.
