Ambuja Cements, a company under the Adani Group, reported steady growth for the July-September quarter of 2024-25, achieving a 9 per cent volume increase to 14.2 million tonnes. This marks the highest Q2 volume in five years. The company recorded its highest quarterly revenue at Rs 7,516 crore, reflecting a 1 per cent year-on-year rise.
Ambuja’s net worth rose to Rs 59,916 crore this quarter, attributing its performance to healthy volume growth, enhanced operational efficiencies, the integration of acquired assets and synergy benefits across the Adani Group.
Ajay Kapur, Whole-Time Director and CEO of Ambuja Cements, remarked, “We are pleased to maintain sustained performance, aligned with our growth strategy and setting new benchmarks in efficiency.”
Kapur added, “Innovation, digitalisation, customer satisfaction and ESG remain core to our business. We are extending our reach across the nation to drive growth aligned with our vision.”
Following the Orient Cement acquisition, Ambuja Cements expects to reach a capacity of over 100 million tonnes per annum by the end of this fiscal year. Its consolidated working capital stands at 33 days, demonstrating efficient inventory and receivables management.
The company anticipates robust demand for cement in the second half of 2024-25, driven by strong infrastructure needs and increased housing and commercial sector activity. Additionally, the government’s PMAY Urban Housing 2.0 initiative, with an Rs 11 lakh crore allocation, along with ongoing infrastructure investments in roads, railways, and urban facilities, is expected to boost the cement industry. Ambuja Cements forecasts a sector demand growth of 4-5 per cent for 2024-25.
Through its subsidiaries, Ambuja Cements has elevated the Adani Group’s cement capacity to 89 MTPA, with 22 integrated manufacturing plants and 21 grinding units across India.
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