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Informist, Monday, May 4, 2026

 

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--Ambuja Cements Jan-Mar consol net profit INR 18.30 bln 
--Analysts saw Ambuja Cements Jan-Mar consol net profit at INR 5.11 bln 
--Ambuja Cements Jan-Mar consol revenue INR 108.92 bln 
--Analysts saw Ambuja Cements Jan-Mar consol revenue at INR 111.14 bln 
--Ambuja Cements Jan-Mar consol PAT INR 18.30 bln vs INR 10.25 bln yr ago 
--Ambuja Cements Jan-Mar consol sales INR 108.92 bln vs INR 98.94 bln yr ago 
--Ambuja Cements Q4 net profit includes one-time cost INR 1.03 bln 
--Ambuja Cements to pay INR 2 per share dividend 
--Ambuja Cements dividend record date Jun 12 
--Ambuja Cements FY26 consol net profit INR 47.3 bln vs INR 43.0 bln 
--Ambuja Cements FY26 consol revenue INR 404.46 bln vs INR 339.89 bln 
--Ambuja Cements Q4 consol cement revenue INR 104.18 bln vs INR 95.93 bln
--Ambuja Cements Q4 readymix concrete revenue INR 5.82 bln vs INR 4.26 bln
--Ambuja Cements Q4 power, fuel costs INR 26.22 bln vs INR 22.99 bln
--Ambuja Cements Q4 raw material costs INR 16.27 bln vs INR 15.78 bln
--Ambuja Cements Q4 freight, forwarding cost INR 26.49 bln vs INR 23.36 bln
--Ambuja Cements gets INR 13 bln tax write back Q4 vs INR 5 bln outgo yr ago
--Ambuja Cements Q4 consol volume at 19.9 mln tn vs 18.2 mln tn year ago
--Ambuja Cements Q4 consol operating EBITDA INR 14.64 bln vs INR 18.68 bln
--Ambuja Cements Q4 consol operating EBITDA margin 13.4% vs 18.7% yr ago
--Ambuja Cements Q4 consol operating EBITDA/tn INR 735 vs INR 1,028 year ago
--Ambuja Cements:Higher fuel cost, limited packaging bag supply to hit ops H1
--Ambuja Cements Q4 consol normalised PAT INR 5.69 bln vs INR 8.56 bln yr ago

 

By Ashutosh Pati

 

MUMBAI – Ambuja Cements Ltd. Monday reported a sharp rise in its bottom line for the March quarter, surpassing the Street's expectations by a wide margin, mainly because of tax writebacks during the quarter. The top line also rose but was well below expectations.

 

The cement maker posted a consolidated net profit of INR 18.30 billion for the March quarter, up nearly 79% on year and around eight times from the previous quarter. The net profit was also more than three times higher than analysts' expectations of INR 5.11 billion. The rise in the company's bottom line was primarily because of a tax writeback gain of INR 13.29 billion during the quarter. The company's net profit also included a one-time cost of INR 1.03 billion.

 

Adjusting for the one-time cost and tax writeback, Ambuja Cements reported a net profit of INR 5.69 billion for the March quarter, in line with analysts' consensus forecast. The company's revenue from operations rose 10% on year and 7% on quarter to INR 108.92 billion, lower than expectations of INR 111.14 billion. The company got a tax writeback of INR 6.04 billion for the March quarter following the mergers of Sanghi Industries Ltd. in April 2024 and Penna Cement Industries Ltd. in August 2024, both of which have now been successfully completed, Ambuja Cements said. It gained INR 7.61 billion due to reversal of income tax provisions related to these mergers.

 

The total expenses of Ambuja Cements for the quarter rose over 19% on year to INR 105.25 billion, led by a sharp increase in other expenses, power and fuel costs, and depreciation and amortisation expenses. The company's other expenses rose over 37% on year to INR 17.80 billion and power and fuel costs rose 14% on year to INR 26.22 billion. Freight and forwarding expenses rose over 13% to INR 26.49 billion and depreciation and amortisation expenses were up nearly 52% to INR 10.53 billion.

 

The rise in other expenses was due to higher branding expenses, packaging material costs, incremental shutdown costs, and additional goods tax in certain states, the company said. Its raw material costs also rose 3% on year to INR 16.27 billion.

 

The company's revenue from cement sales rose to INR 104.18 billion from INR 95.93 billion a year ago. Its revenue was boosted by a sharp rise in sales volume. Its cement sales volume rose 10% on year to 19.9 million tonnes in the March quarter, achieving the highest-ever quarterly sales volume. The company's revenue from the readymix concrete segment rose to INR 5.82 billion for the quarter from INR 4.26 billion a year ago.

 

The company's operating earnings before interest, tax, depreciation, and amortisation fell nearly 22% on year to INR 14.64 billion for the March quarter. Its operating EBITDA margin fell to 13.4% during the quarter from 18.7% a year ago. The EBITDA per tonne for the quarter also fell to INR 735 from INR 1,028 a year ago.

 

The cement maker's total capacity is expected to increase to 119 million tonnes per annum after several capacity additions in the first half of the financial year 2026-27 (Apr-Mar). It expects to commission grinding capacities at Dahej in Gujarat, Bhatinda in Punjab, Salai Banwa in Uttar Pradesh, Kalamboli in Maharashtra, Jodhpur in Rajasthan, Warisaliganj in Bihar, and an additional clinker unit at the Maratha Cement Works in Chandrapur, Maharashtra, in this period.

 

For FY26, the company reported a consolidated net profit of INR 47.28 billion, up around 10% on year. Its revenue for the year rose 19% to INR 404.46 billion. The company will pay INR 2 per share as dividend, the record date for which is Jun. 12.

 

While cement demand was firm through FY26, it is expected to "remain soft" at 5% in FY27 due to early forecasts of a below-normal monsoon. Moreover, cost pressures from fuel, diesel, and packaging bag supply constraints due to the war in West Asia are also going to have an impact on the company's operations in the first half of FY27.

 

The company declared its March quarter results during market hours. Its shares closed slightly higher at INR 445.30 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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