Wednesday, February 19, 2025
HomeNewsTop NewsAmbuja Cements records net profit of Rs 2,620.09 crore in Q3 FY25

Ambuja Cements records net profit of Rs 2,620.09 crore in Q3 FY25

Ambuja Cements, the cement and building materials company of Adani Group, has reported a growth of 140.21 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 2,620.09 crore in Q3 FY25 as against Rs 1,090.73 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 10,680.80 crore in Q3 FY25, a growth of 28.34 per cent from Rs 8,322.45 crore it recorded in the similar quarter last year.

Ajay Kapur, whole time director & CEO of the company said, “Our strategic acquisitions have significantly increased our capacity and market presence. This will be dove-tailed with our ongoing expansion projects, delivering exceptional value for our stakeholders and propelling us towards achieving over 104 MTPA capacity by Q4 FY25 and 118 MTPA by FY26.”During the quarter ended December 31, 2024, the board of directors of the company, have approved acquisition of 7,76,49,413 equity shares of Orient Cement representing 37.90% of the existing share capital from the promoters/promoter group of Orient and acquisition of 1,82,23,750 equity shares of Orient representing 8.90% of the existing share capital from the certain public shareholders of Orient for a consideration of Rs 395.40 per share.

Further, the board has also approved making an open offer for up to 5,34,19,567 equity shares at a price of Rs 395.40 per equity share to acquire up to 26% of the share capital of Orient from the public shareholders.

Cost reduction initiatives for fuel, fly ash, logistics and overall man-power productivity, will help to achieve cost of Rs. 3,650 PMT by FY 2028, will help to boost EBITDA margins, the company said.

Its net worth increased by Rs 2,619 crore during the quarter and stands at Rs 62,535 crore. The company remains debt free & continues to maintain the rating Crisil AAA (stable) / Crisil A1+.

Ambuja Cements’ volume grew by 17% year-on-year to 16.5 million tonne during the quarter. It commissioned 200 MW Solar Power at Khavda and added 631 million metric tonne limestone reserves during Q3 FY25, taking the total reserves to 8.3 billion metric tonne.

RELATED ARTICLES

Most Popular

Hot News

To get the recent Updates of Constrofacilitator

To get the recent Updates of Constrofacilitator

Clear selection
Fill Your Details

Name*

Name*

Clear selection

Email*

Email*

Clear selection

Mobile No*

Mobile No*

Clear selection

Reader. Thanks for your interest.*

Reader. Thanks for your interest.*

Clear selection
reCAPTCHA field is required please complete!

This will close in 0 seconds