Ambuja Cements Limited has informed the Exchange about Investor Presentation
AMBUJACEM · price
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Ambuja Cements reported strong Q2 FY'26 results with consolidated cement volumes up 20% YoY at 16.6 MnT and revenue up 21% at Rs 9,174 Cr, both highest-ever for any Q2. EBITDA surged 58% YoY to Rs 1,761 Cr with EBITDA per tonne improving 32% to Rs 1,060, driven by cost reduction and premium product mix. PAT jumped 364% to Rs 2,302 Cr, though this includes a one-time Rs 1,697 Cr tax provision reversal based on a favourable High Court ruling. The company remains debt-free with a net worth of Rs 69,493 Cr and Crisil AAA rating, and raised its FY'28 capacity target from 140 MTPA to 155 MTPA via low-cost debottlenecking ($48/MT). Management reiterated targets of Rs 1,500 EBITDA/tonne and Rs 3,650 total cost/tonne by FY'28, while Sanghi and Penna Cement mergers with Ambuja are progressing through NCLT and expected to complete by end-FY'26.
The sharp EBITDA per tonne growth and improved guidance reinforce a positive margin trajectory, though Q2 PAT was inflated by the tax reversal. Investors should watch the Sanghi/Penna merger closure and execution of the 48 MTPA capacity pipeline for sustained growth.