Ambuja Cements Q2 results: Net profit declines 22% to ₹501 crore, revenue up 6%

In the same period year-ago, the post-tax profit stood at ₹643.84 crore.

Revenue from operations increased 6.1% to ₹4,213.24 crore in the latest July-September quarter, compared to ₹3,969.79 crore a year back.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined 12% to ₹680.8 crore in Q2 FY25, compared to ₹773 crore in Q2 FY24. The margin also declined 340 basis points to 16.1%.

On a consolidated basis, the net profit declined 52% YoY to ₹472.89 crore. Revenue from operations rose 1.2% YoY to ₹7,516.1 crore.

In an exchange filing, the company said that its Q2 financial results are not comparable with the year-ago period as they include the results of Penna Cement, a company that it recently acquired. Besides, its subsidiary ACC acquired Asian Concretes and Cements Ltd.

"The consolidated financial results for the quarter and half year ended September 30, 2024, include consolidated financial results of PCIL from the acquisition date. Accordingly, results for the quarter and half year ended September 30 2024 are not comparable," said ACL.

Ambuja Cements shares up

After the results announcement, shares of Ambuja Cements are trading 4.5% higher at ₹577.65 apiece on the National Stock Exchange (NSE). The company's market capitalisation stands at ₹1,42,417.80 crore.

The stock is up 4.6% to ₹578.9 per share on the BSE.

Ajay Kapur, Whole Time Director and CEO of 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."

He added, "With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision. Post successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end."