Ambuja Cement’s Q3 profit surges 242% YoY; announces Orient Cement acquisition plan
Mumbai: Ambuja Cement, a part of the Adani Group, said its Q3FY25 net profit soared 242% year-on-year (YoY) to Rs 1,758.03 crore from Rs 513.68 crore in the corresponding period last year, media reports said.
Sequentially, profit surged 251% from Rs 500.66 crore in the September quarter (Q2FY25).
Total income grew nearly 28% YoY to Rs 5,814.89 crore, compared to Rs 4,547.73 crore in Q3FY24. On a quarter-on-quarter (QoQ) basis, it increased by 30% from Rs 4,478.24 crore in Q2FY25, Mint reported.
However, the company’s EBITDA declined 29% YoY to Rs 600 crore, with margins contracting by over 700 basis points to 11.9% from 19% in the same period last year.
For the nine months ending December 2024 (9MFY25), net profit stood at Rs 2,826.08 crore, up 57% from Rs 1,802.40 crore in the previous year.
Total income for 9MFY25 rose over 10% to Rs 15,229.26 crore from Rs 13,814.83 crore in 9MFY24.
Ambuja Cement’s board approved an open offer to acquire up to 26% of Orient Cement from public shareholders at Rs 395.4 per share.
Additionally, the company will acquire a 37.9% stake (7.76 crore shares) from Orient Cement’s promoters and an 8.9% stake (1.82 crore shares) from select public shareholders.
Ambuja Cement also reported that the Sindri, Farakka, and Sankrail grinding units are nearing completion.
Following the Orient Cement acquisition, its operational capacity is expected to reach 104 MTPA by Q4FY25, 118 MTPA by FY26, and 140 MTPA by FY28.
The company’s net worth has reached an all-time high of Rs 62,535 crore, with cash and cash equivalents of Rs 8,755 crore, accounting for 14% of the net worth.
Further, 631 million MT of new limestone reserves were added in Q3FY25, taking total reserves to 8,300 million MT, with Orient Cement’s high-quality limestone further enhancing resources.
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