Synopsis
Ambuja Cements, a part of the Adani Group, reported a significant increase in net profit for Q3 FY25, surpassing Rs 2,620 crore. The company's revenue also rose, reflecting strong operational performance and strategic growth initiatives.Key Takeaways
- Net profit of Rs 2,620 crore in Q3 FY25.
- Revenue from operations increased to Rs 9,329 crore.
- Strategic acquisitions boosted capacity and market presence.
- 200 MW solar power facility inaugurated.
- Total limestone reserves reached 8.3 billion MT.
Ahmedabad, Jan 29 (NationPress) Ambuja Cements, part of the diversified Adani Group, announced a remarkable increase in profit after tax (PAT) reaching Rs 2,620 crore, more than doubling compared to the previous year in Q3 FY25.
The company’s revenue from operations surged to Rs 9,329 crore in Q3, up from Rs 8,129 crore during the same period last fiscal year (FY24).
Its net worth was recorded at Rs 62,535 crore excluding debt, with cash and cash equivalents at Rs 8,755 crore (14% of net worth), according to the company’s statement.
Ajay Kapur, Whole Time Director and CEO of Ambuja Cements Limited, stated, "We are delighted to announce a quarter of sustainable performance, in line with our growth strategy. Our emphasis on innovation, digitization, customer satisfaction, and ESG is propelling our expansion into new areas."
He further added that "our strategic acquisitions have significantly enhanced our capacity and market reach."
Kapur mentioned that "this will be complemented by our ongoing expansion initiatives, delivering remarkable value for our stakeholders and steering us towards achieving over 104 million tonnes per annum (MTPA) capacity by Q4 FY25 and 118 MTPA by FY26."
During the quarter, the company inaugurated a 200 MW solar power facility in Khavda, expected to lower power costs in the coming quarters.
Additionally, it recorded an extra 631 million metric tonnes (MT) of limestone reserves in the December quarter, bringing total reserves to 8.3 billion MT.
Earlier this year, Ambuja Cements Ltd received an observation letter with 'no objection' from the National Stock Exchange (NSE) and 'no adverse observations' from the Bombay Stock Exchange (BSE) concerning a merger with Adani Cementation Ltd.
The merger proposal between Adani Cementation and Ambuja Cements received board approval in June 2024.
In October of the previous year, Ambuja Cement acquired Orient Cement Ltd (OCL) for an equity value of Rs 8,100 crore. The acquisition of 46.8% shares from current promoters and certain public shareholders will be fully financed through internal funds.
