Ambuja Cements Q3 Results: Net profit dips over 90%; revenue rises to ₹10,181 crore YoY

Its revenue from operations for the quarter ended December 31, 2025, increased 20% to ₹10,181 crore as against ₹8,498 crore in the year-ago period.

Ambuja Cements reported stable operational performance in Q3 as its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 57% to ₹1,258 crore from ₹799 crore in the same period of the previous fiscal year.

Its operating profit margin, also known as EBITDA margin, improved to 12.3% from 9.4% in the corresponding period last year. Ambuja Cement said its net worth stood at ₹69,854 crore, and it remains debt-free. It added healthy cash flows to sustain the firm’s capex programme.

“Q3 FY’26 has been transformative for Ambuja Cements. Among the most defining steps is the announcement of the amalgamation of ACC Limited and Orient Cement Limited with Ambuja Cements Limited, creating a unified ‘One Cement Platform’ that will accelerate our growth trajectory, operational excellence, capital efficiency, strengthen our leadership position and long-term value creation,” the company said.

In the reporting quarter, Ambuja Cement has also commissioned the 2.4 MTPA Marwar Grinding Unit, expanding its total cement capacity to 109 MTPA. It also plans to achieve 115 MTPA by March’26 (Warisaliganj, earlier targeted by March 26, will now be operational in Q1 FY27).

The amalgamation of ACC and Orient Cement with Ambuja Cements paves the way for the creation of a pan-India cement powerhouse under a single corporate structure. The proposed merger is expected to optimise manufacturing and logistics, streamline operations, and strengthen the balance sheet, thereby enabling more efficient capital allocation and faster decision-making, the cement-making firm said.

It further added that the transaction remains subject to requisite regulatory and statutory approvals and is expected to be completed during FY27.

What management said

“We continue our strong growth trajectory with another robust performance this quarter, following an exceptional previous quarter. We achieved the highest ever quarterly volumes, with higher trade/premium cement sales resulting in better realisation than industry peers and better base capacity volume growth,” said Vinod Bahety, Whole Time Director & CEO, Ambuja Cements.

“We are now working to fix some of the specific issues on cost, importantly, power cost, share of green power, fuel efficiency, improvement of WHRS/AFR, and improvement of logistics cost, which is part of the blueprint to achieve the targeted cost of ₹3,650 PMT by March 2028,” added Bahety.

Outlook

Ambuja Cement said that the industry is expected to maintain its growth momentum. Revival of demand from Q3 has continued with the trend in Q4, providing a growth of almost around 8% for the industry for FY26. In the long term, a stronger emphasis on ESG integration and adoption of technology-driven construction practices will shape industry strategies.

“Our R&D-led customised cement providing solutions to our customers will continue to help us grow a higher share of trade sales/premium cement and thereby improved realisations,” said Ambuja Cement.

The company added that Adani Cement has grown at nearly twice the industry average and expects to sustain this leadership going forward. It noted that market share gains, an improving mix of premium cement, and stronger realisations have supported performance and will continue to do so, while its cost-leadership blueprint is expected to provide further tailwinds to profitability.

Following the earnings, Ambuja Cement shares were trading at ₹509.85 apiece on NSE, declining 4.89%.