Ambuja Cements Reports Strong Q3 FY25 Performance, Announces Acquisitions and Strategic Investments

Ahmedabad, India - January 29, 2025 - Ambuja Cements Limited, a subsidiary of the Adani Group, has reported record-breaking quarterly cement sales volume and robust financial performance for the third quarter of FY 2024-25, underscoring its strong market position and operational efficiency.

Financial Performance Highlights​

• Revenue: Ambuja Cement's consolidated revenue reached ₹9,329 crore, marking a 14.8% year-over-year (YoY) increase compared to ₹8,129 crore in Q3 FY'24.
• EBITDA: The company reported an EBITDA of ₹1,712 crore, slightly lower than the previous year's ₹1,732 crore, reflecting a marginal 1.2% decline.
• Profit After Tax (PAT): Net profit surged significantly to ₹2,620 crore, up by an astonishing 140% YoY from ₹1,091 crore in Q3 FY'24.
• Cement Sales Volume: Ambuja recorded its highest-ever quarterly cement sales volume at 16.5 million tonnes (MnT), reflecting a 17% YoY growth from 14.1 MnT in Q3 FY'24.

Nine-Month Performance (9M FY'25)​

For the first nine months of FY 2025, Ambuja Cements demonstrated significant growth:

• Revenue: ₹25,156 crore (+4% YoY)
• EBITDA: ₹4,103 crore (-13% YoY)
• PAT: ₹3,876 crore (+21% YoY)
• Cement Sales Volume: 46.6 MnT, the highest ever for the company.

Operational Efficiency and Cost Reduction​

Ambuja Cements continues to emphasize cost leadership with various initiatives:

• Fuel cost per 000 kCal reduced 10% YoY, from ₹1.84 to ₹1.66.
• Logistics cost per tonne decreased 5% YoY to ₹1,228, driven by efficiency gains and increased sea transport.
• Raw material costs were optimized through strategic sourcing and minimization of costlier materials.

Capacity Expansion and Growth Plans​

Ambuja Cements is aggressively expanding its production capacity:

• The current cement production capacity is 97 MTPA (including the Orient Cement acquisition).
• Targeting 104 MTPA by March 2025, 118 MTPA by FY'26, and 140 MTPA by FY'28.
• Expansion projects in advanced stages include Bhatapara (4.0 MTPA), Sankrail (2.4 MTPA), Farakka (2.4 MTPA), Sindri (1.6 MTPA), and Salai Banwa (2.4 MTPA).

Strong Financial Position and Debt-Free Growth​

• Net Worth: The company's net worth surged to ₹62,535 crore, increasing by ₹11,689 crore over 9M FY'25.
• Cash Reserves: Ambuja maintains a substantial cash and cash equivalents position of ₹8,755 crore.
• Debt-Free Strategy: The company continues to execute its accelerated capex plan through internal accruals without relying on debt financing.

Sustainability and ESG Commitments​

Ambuja Cements is making significant strides toward sustainability:

• 60% green power target by FY'28, with 200 MW commissioned at Khavda.
• Water positivity was achieved at 11.2x, exceeding the 2030 SD target.
• Plastic negative by 8x and expansion of waste-derived resources.

Market Outlook and Strategic Growth​

With India's cement demand expected to grow at a 7% CAGR through FY'28, driven by housing and infrastructure investments, Ambuja Cements remains well-positioned. The government’s capital expenditure on infrastructure and the Pradhan Mantri Awas Yojana continue to bolster cement demand.

Ambuja Cements' aggressive expansion, cost leadership, and sustainability focus ensure its stronghold in the Indian cement market, reinforcing its status as one of the top global cement players.