Summary

Ambuja Cements, part of the diversified Adani Portfolio and the 9th largest building materials solutions company globally, delivered a robust performance in Q2 FY26. Despite headwinds from prolonged monsoons, the sector will benefit from tailwinds of several favorable developments. The company has upped its FY28 target capacity by 15 MTPA from earlier 140 MTPA to now 155 MTPA. This increase of 15 MTPA from debottlenecking initiatives will come at a much lower capex of USD 48/MT. In addition, debottlenecking of plant logistics infrastructure will help in improving existing capacity (107 MTPA) utilization by 3%. The leadership journey has resulted in a 5% lower cost of sales YoY, and enabled existing assets to deliver a PMT EBITDA of ~Rs. 1,189 PMT, and an overall EBITDA of Rs. 1,060 PMT.

Key Highlights

1. 1

   Q2 PAT @ Rs. 2,302 Cr, up 364% YoY

2. 2

   Highest ever volume in Q2 Series, @16.6 MnT, up 20% YoY

3. 3

   Quarterly revenue at Rs 9,174 Cr, highest ever in Q2 series, up 21% YoY

4. 4

   Q2 PMT EBITDA @ Rs.1,060 PMT, up 32% YoY

5. 5

   Net worth at Rs. 69,493 Cr, up by Rs 3,057 Cr. during the quarter, continue to remain debt free

6. 6

   FY28 target capacity upped by 15 MTPA from earlier 140 MTPA to now 155 MTPA

7. 7

   Installing 13 blenders at our plants over a period of 12 months which will optimize product mix and increase share of premium cement

8. 8

   Commissioned 200 MW solar power taking RE capacity to 673 MW

9. 9

   CiNOC (Cement Intelligent Network Operations Centre) launched to infuse AI layer deep into our enterprise fabric