Ambuja Cements Limited has informed the Exchange regarding Change in Auditors of the company.
AMBUJACEM · price
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Awaiting price reaction for this filing.
Ambuja Cements reported a strong Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose about 21.6% YoY to Rs 5,520.86 crore, while standalone profit after tax jumped roughly 51% YoY to Rs 855.49 crore (EPS of Rs 3.47 vs Rs 2.33). On a consolidated basis, revenue from operations grew to Rs 10,244.11 crore with PAT of Rs 969.66 crore, helped by the inclusion of Orient Cement and Penna Cement. The Board approved the appointment of Mr. Shobhit Dwivedi as the new internal auditor effective October 1, 2025, replacing Mr. Mithlesh Satija who is retiring on superannuation on September 30, 2025. The Board also noted the NCLAT's July 18, 2025 approval of the Adani Cementation merger scheme, completion of the Orient Cement acquisition (72.66% stake for Rs 5,903 crore total) and flagged the US DOJ/SEC indictment of a non-executive director, which the company says does not impact Ambuja.
Strong Q1 earnings and improved YoY margins are positive for the stock, though the consolidated numbers are not directly comparable with the prior year quarter due to the Orient and Penna acquisitions. The internal auditor change is a routine succession on superannuation and is not a governance red flag.