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Ambuja Cements Ltd

AMBUJACEM

Ambuja Cements Ltd

AMBUJACEM
MaterialsCement
LargecapWith a market cap of ₹1,38,747 cr, stock is ranked 63
Moderate RiskStock is 2.50x as volatile as Nifty
548.800.00% (+0.00)
548.800.00% (+0.00)

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MaterialsCement
LargecapWith a market cap of ₹1,38,747 cr, stock is ranked 63
Moderate RiskStock is 2.50x as volatile as Nifty

How to use scorecard? Learn more

MaterialsCement
LargecapWith a market cap of ₹1,38,747 cr, stock is ranked 63
Moderate RiskStock is 2.50x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
46.762.730.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
30.033.411.36%

Forecast & Ratings

Detailed Forecast 
62%
Analysts have suggested that investors can buy this stock

from 37 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ambuja Cements Limited is a cement manufacturing company. The Company manufactures Portland Pozollana cement (PPC).

Investor Presentation

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Oct 28, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 4.52%, vs industry avg of 9.5%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 11.75% to 8.77%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.29%, vs industry avg of 15.53%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue20,572.9323,944.0726,424.9127,704.2624,980.2029,338.1331,448.0339,702.7634,560.5134,237.06
Raw Materialssubtract16,951.1719,751.1122,181.9322,506.5619,686.6122,875.5127,259.625,230.774,898.7927,184.59
Power & Fuel Costsubtract11,761.908,109.31
Employee Costsubtract1,856.531,352.79
Selling & Administrative Expensessubtract11,200.699,291.03
Operating & Other expensessubtract4,083.813,108.21
Depreciation/Amortizationsubtract1,460.931,219.451,153.941,152.521,161.781,152.491,292.341,644.671,623.381,898.77
Interest & Other Itemssubtract152.99205.78170.50169.87140.22145.66155.47194.90276.38297.71
Taxes & Other Itemssubtract573.771,251.37741.141,780.311,626.152,384.09802.141,146.092,323.831,881.96
EPS5.577.6410.9710.5511.9114.009.7613.0117.1013.53
DPS2.502.002.00
Payout ratio0.000.000.000.000.000.000.000.190.120.15

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Jun 24PDF
FY 2022

Annual Report Unavailable

Investor Presentation

Apr 28PDF
Feb 17PDF
Oct 26PDF
Jul 23PDF
FY 2023

Annual report

PDF

Investor Presentation

May 2PDF
Jul 19PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 2PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 28PDF
Oct 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsCement

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ambuja Cements Ltd38.882.730.32%
UltraTech Cement Ltd48.405.620.60%
Grasim Industries Ltd30.961.250.38%
Shree Cement Ltd42.034.850.38%

Price Comparison

Compare AMBUJACEM with any stock or ETF
Compare AMBUJACEM with any stock or ETF
AMBUJACEM
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.02%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding67.57%6.35%8.84%10.61%6.64%

Mar 2024

Apr 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarAprJunSep11.64%11.88%11.09%9.89%9.59%10.61%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Ambuja Cements Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Mirae Asset Large Cap Fund - Growth - Direct Plan

Growth
0.4344%1.52%-0.02%14/91 (0)
ICICI Prudential Value Discovery Fund - Growth - Direct Plan

Growth
0.3247%0.92%0.88%53/96 (+11)
Kotak Flexicap Fund - Growth - Direct Plan

Growth
0.2988%0.81%-0.10%41/64 (-26)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 14, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jun 14, 2024

Cash Dividend

Ex DateEx DateJul 7, 2023

Final
Final | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Jul 7, 2023

Cash Dividend

Ex DateEx DateMar 30, 2022

Final
Final | Div/Share: ₹6.30

Dividend/Share

6.30

Ex DateEx Date

Mar 30, 2022

Cash Dividend

Ex DateEx DateMar 19, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Mar 19, 2021

Cash Dividend

Ex DateEx DateNov 5, 2020

Interim
Interim | Div/Share: ₹17.00

Dividend/Share

17.00

Ex DateEx Date

Nov 5, 2020

News & Opinions
Spotlight
Ambuja Cements board OK's merger with Sanghi Inds, Penna Cement

Sanghi Industries operates a large, fully integrated cement plant in Kutch, Gujarat, which includes a 6.6 MMTPA clinker plant, a 6.1 MMTPA cement plant, and a 130 MW captive power plant, among other facilities. Both Sanghi and Ambuja Cements are part of the Adani Group. Its revenue was Rs 821.35 crore in FY24.. Penna Cement Industries operates four integrated plants in Andhra Pradesh and Telangana, along with a grinding unit in Maharashtra, with an operational capacity of 10 MTPA. Additionally, two plants with a capacity of 2 MTPA each are under construction in Krishnapatnam and Jodhpur, expected to be completed within the next 8-12 months. Penna Cement also owns five bulk cement terminals in Kolkata, Gopalpur, Karaikal, Kochi, and Colombo (Sri Lanka). Ambuja Cements holds 58.08% in Sanghi Industries and 67.53% in Penna Cement Industries. The scheme will enable the Ambuja Cements to integrate the Sanghi Industries and Penna Cement Industries' operations, leading to more efficient and economical business management. This includes better resource utilization, reduced overheads, cost savings, economies of scale, elimination of duplicated efforts, and streamlined compliance requirements through amalgamation. For every 100 equity shares of SIL with a face value of Rs 10 each, Ambuja Cements will issue 12 equity shares with a face value of Rs 2 each, to eligible shareholders of SIL. The said scheme of amalgamation will be expected to be completed within 9-12 months. Ajay Kapur, CEO, Cement Business, Adani Group, said, 'This merger aims to make our company more competitive and efficient, ultimately enhancing shareholder value. Enhanced working capital management and internal funds will support the growth of our business operations. Unified cash flow management will pool resources for faster expansion and cost savings in administration and governance, thereby simplifying compliance requirements. This advancement through a larger entity will increase market competitiveness and deliver greater value to our shareholders.' Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The cement major's consolidated net profit slipped 52.1% to Rs 472.89 crore in Q2 FY25 as against Rs 987.24 crore recorded in Q2 FY24. However, revenue from operations rose 1.24% YoY to Rs 7,516.11 crore in the quarter ended 30 September 2024. Shares of Ambuja Cements fell by 1.11% to Rs 564.60. Meanwhile, Sanghi Industries saw a sharp decline of 11.15%, with its shares dropping to Rs 68.34 on the BSE.Powered by Capital Market - Live

4 days agoCapital Market - Live
Live Market Update
Benchmarks edge lower; breadth negative

The key equity indices traded with minor losses in early trade. The Nifty slipped below the 24,350 mark. Auto, PSU Bank and Realty shares declined while Pharma, IT and FMCG shares advanced. At 09:29 IST, the barometer index, the S&P BSE Sensex was down 101.17 points or 0.13% to 80,583.28. The Nifty 50 index lost 19.05 points or 0.08% to 24,316.95. In the broader market, the S&P BSE Mid-Cap index declined 0.26% and the S&P BSE Small-Cap index fell 0.22%. The market breadth was negative. On the BSE, 1,472 shares rose and 1,553 shares fell. A total of 110 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 6,409.86 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,706.48 crore in the Indian equity market on 13 December 2024, provisional data showed. Stocks in Spotlight: Ambuja Cements added 0.28%. The company has announced scheme of arrangement of its subsidiaries Sanghi Industries (SIL) and Penna Cement Industries (PCI). For every 100 equity shares of SIL with a face value of Rs 10 each, Ambuja Cements will issue 12 equity shares with a face value of Rs 2 each, to eligible shareholders of SIL. Piramal Enterprises shed 0.89%. The company's administrative committee will hold a meeting on Friday to consider and approve the public issuance of non convertible debentures. Alkem Laboratories rose 1.23%. The company along with its arm Enzene Biosciences entered into a share subscription and shareholders' agreement with Sunsure Solarpark Twenty-Two and Sunsure Energy for equity investment in Sunsure solarpark. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.05% to 6.866 as compared with previous close 6.870. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.9200, compared with its close of 84.9125 during the previous trading session. MCX Gold futures for the 5 February 2024 settlement slipped 0.03% to Rs 76,845. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 106.93. The United States 10-year bond yield gained 0.16% to 4.392. In the commodities market, Brent crude for February 2024 settlement added 02 cents, or 0.03% to $73.21 a barrel. Global Markets: Most Asian shares rose on Wednesday, shrugging off modest declines on Wall Street as investors awaited the Federal Reserve's final interest rate decision of the year. While a 25-basis-point rate cut is widely anticipated, the market is keenly focused on the Fed's outlook for next year, given the potential impact of proposed policies that could reignite inflationary pressures. Japan's trade balance unexpectedly improved in November, supported by stronger-than-expected exports driven by increased demand from the U.S. and China and a weaker yen. The trade deficit narrowed to 117.6 billion yen ($770 million). US indices retreated on Tuesday as investors exercised caution ahead of the rate decision, with the tech sector experiencing a slight pullback from recent gains. The S&P 500 fell 0.4% to 6050.61 points, the NASDAQ Composite lost 0.3% to 20,108.30 points, and the Dow Jones Industrial Average closed 0.6% lower at 43,449.90 points. NVIDIA Corporation dropped 1.2%, while Alphabet fell 0.5%. Pfizer rose 4.6% after confirming that its 2025 profit expectations remain largely unchanged. Meanwhile, data showed US retail sales rose by 0.7% in November, exceeding forecasts. This robust figure suggests the economy remains strong and consumer spending remains healthy, despite challenges like inflation and high interest rates. This strength is underpinned by a solid job market and stable household finances. Powered by Capital Market - Live

4 days agoCapital Market - Live
Spotlight
Stock Alert: Ambuja Cements, Piramal Enterprises, Alkem Laboratories, Aurobindo Pharma

Securities in F&O Ban: Bandhan Bank, Chambal Fertilizers, Granules India, Hindustan Copper, Manappuram Finance, National Aluminum, RBL Bank, PVR Inox shares are banned from F&O trading on 18 December 2024. New Listing: One Mobikwik Systems will make debut on bourses today. The IPO was subscribed 119.38 times. The issue was open between 11th December and 13th December 2024. The IPO's price band was between Rs 265 and 279 per share. Sai Life Sciences shares will list on stock market today. The IPO was subscribed 10.26 times. The issue opened between 11th December and 13 December 2024. The price band of the IPO is fixed at Rs 522'549 per share. Vishal Mega Mart will make debut on bourses today. The IPO was subscribed 27.28 times. The issue was opened on 11th December and 13th December 2024. The price band of the IPO was fixed between Rs 74 and 78 per share. Stocks to watch: Ambuja Cements announced scheme of arrangement of its subsidiaries Sanghi Industries (SIL) and Penna Cement Industries (PCI). For every 100 equity shares of SIL with a face value of Rs 10 each, Ambuja Cements will issue 12 equity shares with a face value of Rs 2 each, to eligible shareholders of SIL. Piramal Enterprises' administrative committee will hold a meeting on Friday to consider and approve the public issuance of non convertible debentures. Alkem Laboratories along with its arm Enzene Biosciences entered into a share subscription and shareholders' agreement with Sunsure Solarpark Twenty-Two and Sunsure Energy for equity investment in Sunsure solarpark. Aurobindo Pharma's wholly owned subsidiary, Apitoria Pharma's active-pharmaceutical ingredient (API) manufacturing plant in Telangana received two observations from US Food and Drug Administration (USFDA). Jindal Saw entered into an agreement with ReNew Green Energy Solutions to acquire shareholding up to 31.2% stake in ReNew Green MHH One. Suyog Telematics' board will consider raising funds through equity or any other equity‐linked or convertible securities from various modes.Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Ambuja Cements to merger with Sanghi Industries and Penna Cement Industries

Ambuja Cements announced separate Schemes of Arrangement of its subsidiaries Sanghi Industries (SIL) and Penna Cement Industries (PCIL). The proposed Schemes inter alia provide for the Amalgamation of SIL and PCIL with Ambuja Cement. SIL has a clinker capacity of 6.6 MTPA, cement capacity of 6.1 MTPA, and limestone reserves of ~1 billion tonnes. SIL's Sanghipuram plant is India's largest single-location cement and clinker unit by capacity, with a captive jetty and captive power plant. Penna has four integrated plants in Andhra Pradesh and Telangana, along with a grinding unit in Maharashtra. It has an operational capacity of 10 MTPA. Additionally, two plants, with a capacity of 2 MTPA each, are under construction in Krishnapatnam and Jodhpur, expected to be completed within next 8-12 months. It also has five bulk cement terminals at Kolkata, Gopalpur, Karaikal, Kochi, and Colombo (Sri Lanka). Ambuja Cements will issue 12 equity shares of the face value of Rs. 2/- each for every 100 equity shares of SIL of face value Rs. 10/- each as recommended by the valuers and accepted by the Board and thereby, the eligible shareholders of SIL will become the shareholders of Ambuja Cements. These transactions will be effected with requisite approvals from related stakeholders and authorities, anticipated to be completed within 9-12 months' time. Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
Ambuja Cements commissions 200-MW solar power project in Khavda

The cement manufacturer added that the balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025. Positively impacting the the company's EBITDA, this development leads to an impressive 70% savings compared to current power cost. The firm has received standing clearance for its 200 MW solar power project from the Western Regional Load Dispatch Centre (WRLDC), effective 12 December 2024. This first phase of its ambitious Green Energy Project, paves the way for further value unlocking for the company's Rs 10,000 crore investment towards green power - 1 GW of renewable energy, including solar and wind, along with 376 MW of Waste Heat Recovery Systems (WHRS). Of the remaining 806 MW capacity from this project, 156 MW of wind power from Khavda and a further 300 MW solar power from Rajasthan are expected to be comissioned by March 2025 in phases. The balance 350 MW Solar power is expected to be commissioned by June 2025. Ajay Kapur, CEO ' Cement Business, Adani Group said, 'Growing responsibly and sustainably is fundamental to our ESG excellence journey as we are proudly committed to achieving net zero emissions by 2050. This is the first phase of our 1 GW renewable power project in our efforts to decarbonize the value chain. We aim to power 60% of our total energy consumption from green power sources by FY28. This helps us in reducing our overall cost and delivering strong value to our stakeholders. Our sustainability principles are integrated into all aspects of our business and reflect our forward-thinking vision.' Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The cement major's consolidated net profit slipped 52.1% to Rs 472.89 crore in Q2 FY25 as against Rs 987.24 crore recorded in Q2 FY24. However, revenue from operations rose 1.24% YoY to Rs 7,516.11 crore in the quarter ended 30 September 2024. The scrip declined 0.60% to currently trade at Rs 568.55 on the BSE.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Ambuja Cements commissions 200 MW solar power project in Khavda

Ambuja Cements has successfully commissioned and started power transmission from its 200 MW solar power project in Khavda . The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025. Positively impacting the the Company's EBITDA, this development leads to an impressive 70% savings compared to current power cost. The Company has received standing clearance for its 200 MW Solar Power Project from the Western Regional Load Dispatch Centre (WRLDC), effective 12th December 2024. This first phase of its ambitious Green Energy Project, paves the way for further value unlocking for the Company's Rs. 10,000 Cr investment towards green power - 1 GW of Renewable Energy, including Solar and Wind, along with 376 MW of Waste Heat Recovery Systems (WHRS). Of the remaining 806 MW capacity from this project, 156 MW of Wind Power from Khavda and a further 300 MW Solar Power from Rajasthan are expected to be comissioned by March 2025 in phases. The balance 350 MW Solar power is expected to be commissioned by June 2025.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Ambuja Cements partners with Coolbrook to implement RDH' technology

Ambuja Cements further advances towards its Net Zero goals by leveraging zero-carbon heating technology to decarbonise its cement manufacturing process. The Company has entered into a strategic partnership with Finland-based technology and engineering company 'Coolbrook'. Ambuja will implement Coolbrook's proprietary RotoDynamic Heater' (RDH') technology to significantly reduce its fossil fuel dependence and carbon emissions. The RDH technology utilises mechanical energy to generate high temperature using green power at highly competitive rates. The process can replace / minimise fossil fuels used for reaching high temperatures in cement kiln pre-calciner, crucial for cement manufacturing and multiple other applications. Being a carbon-free process, it can significantly reduce emissions from the use of conventional fuels in a cement plant.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Volumes soar at Ambuja Cements Ltd counter

Adani Enterprises Ltd, ACC Ltd, Adani Ports & Special Economic Zone Ltd, Adani Total Gas Ltd are among the other stocks to see a surge in volumes on NSE today, 21 November 2024.Ambuja Cements Ltd clocked volume of 353.22 lakh shares by 14:14 IST on NSE, a 31.88 times surge over two-week average daily volume of 11.08 lakh shares. The stock lost 10.02% to Rs.494.50. Volumes stood at 12.67 lakh shares in the last session.Adani Enterprises Ltd clocked volume of 166.89 lakh shares by 14:14 IST on NSE, a 25.51 times surge over two-week average daily volume of 6.54 lakh shares. The stock lost 19.23% to Rs.2,279.00. Volumes stood at 5.36 lakh shares in the last session.ACC Ltd clocked volume of 30.47 lakh shares by 14:14 IST on NSE, a 24.24 times surge over two-week average daily volume of 1.26 lakh shares. The stock lost 7.05% to Rs.2,031.65. Volumes stood at 98826 shares in the last session.Adani Ports & Special Economic Zone Ltd notched up volume of 403.62 lakh shares by 14:14 IST on NSE, a 23.19 fold spurt over two-week average daily volume of 17.41 lakh shares. The stock slipped 12.43% to Rs.1,129.40. Volumes stood at 26.32 lakh shares in the last session.Adani Total Gas Ltd witnessed volume of 64.28 lakh shares by 14:14 IST on NSE, a 15.01 times surge over two-week average daily volume of 4.28 lakh shares. The stock dropped 9.56% to Rs.607.50. Volumes stood at 3.54 lakh shares in the last session.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Ambuja Cements consolidated net profit declines 42.50% in the September 2024 quarter

Net profit of Ambuja Cements declined 42.50% to Rs 455.96 crore in the quarter ended September 2024 as against Rs 792.96 crore during the previous quarter ended September 2023. Sales rose 1.24% to Rs 7516.11 crore in the quarter ended September 2024 as against Rs 7423.95 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7516.117423.95 1 OPM %14.7917.54 - PBDT1420.831720.61 -17 PBT868.871339.71 -35 NP455.96792.96 -42 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ambuja Cements Q2 PAT drops 52% YoY to Rs 987 crore

However, revenue from operations rose 1.24% YoY to Rs 7,516.11 crore in the quarter ended 30 September 2024. Profit before exceptional item and tax stood at Rs 868.87 crore in September 2024 quarter, down 35.14% YoY. The firm reported an exceptional loss of Rs 156.20 crore during the quarter. Ambuja Cements' sales volume (cement and clinker) stood at 14.2 million tons during the second quarter of FY25, registering a growth of 8.4% on YoY basis. For Q2 of FY25, operating EBITDA declined 14.67% YoY to Rs 1,111 crore while EBITDA margin reduced to 14.8% as against 17.5% recorded in the similar quarter previous fiscal. EBITDA PMT de-grew 21.61% to Rs 780 in September 2024 quarter as against Rs 995 crore recorded in Q2 previous year. Net worth increased by Rs 450 crore during quarter and stood at Rs 59,916 crore, the company stated that it remained debt free & continued to maintain Crisil AAA (stable) / Crisil A1+ ratings. The cash & cash equivalent stood at Rs 10,135 crore, enables to accelerated growth in future. The cement maker said that the higher volume along with improved operational parameters resulted in growth in all business parameters. Ajay Kapur, whole time director & CEO, Ambuja Cements, said, 'We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitalisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision. Post successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end.' On the outlook front, Ambuja Cements said, 'Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2 FY25. The introduction of PMAY Urban Housing 2.0, with an allocation of Rs 11 lakh crore, along with Government's continued focus on infrastructure development as the key to economic growth augurs well for cement sector. Strategic investments in roads, railways along with urban and commercial amenities, is poised to drive robust growth. We expect demand during FY25 to grow in the range of 4-5%.' Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The scrip jumped 3.87% to currently trade at Rs 574.75 on the BSE.Powered by Capital Market - Live

1 month agoCapital Market - Live