Post-merger, analysts reckon Ambuja Cements will emerge as one of the largest cement companies in India by capacity
Ambuja Cements' board approved schemes to merge ACC and Orient Cement into Ambuja, setting share-swap ratios and targeting completion within 12 months to drive efficiencies and simplify structure
The price-to-moving averages hints at a favourable trend for India Cements; similarly, select technical factors augur well for cement stocks such as Ambuja Cements, Ramco Cements and NCL Industries.
Low base, premium mix and new capacity supported gains
ACEM reported strong growth of 81 per cent Y-o-Y in operating profit to Rs 1,760 crore, and operating profit per tonne (t) grew 52 per cent Y-o-Y to Rs 1,042
Ambuja Cements shares rose 3 per cent after it reported a 268 per cent surge in its consolidated net profit in the September quarter
Ambuja Cement Q2 results: Profit jumps 268% to ₹1,766 cr, revenue up 25%
Q2FY26 company results: Firms including Bharti Hexacom, Ambuja Cement, Tata Consumer Products, and Godfrey Phillips India are also to release their July-September earnings reports today
JM Financial Institutional Securities has picked UltraTech Cement and JK Cement as its top picks in the cement sector; here's why
UBS stays positive on cement sector, sees price recovery, margin gains, and consolidation ahead. Top stock picks for FY26 include Ambuja, UltraTech, Dalmia Cement
Reliance Industries, IndiGo, DLF, Ambuja Cements and Shree Cement can potentially rally up to 24 per cent from present levels, suggest technical charts.
Cement shares rally on Monday: Analysts view the potential GST rate cut as a sentimental booster for the sector given it may help perk up industry margins.
With 18.4 mt sales and successful Orient Cement integration, Ambuja beats revenue estimates and posts 53% jump in EBITDA amid lower costs and strong premium mix
Adani Group firm Ambuja Cements Ltd on Thursday reported a consolidated net profit of Rs 969.66 crore for the June quarter. The Adani Group firm, which has aggressively done several acquisitions to pace up its capacity, has recorded its "highest-ever cement sales volume" to 18.4 million tonnes (MT) and "highest-ever quarterly revenue" crossing Rs 10,000-crore mark. The company had reported a net profit of Rs 783.18 crore in the April-June quarter a year ago, according to a regulatory filing by Ambuja Cements Ltd (ACL). Its consolidated revenue from operations was at Rs 10,244.11 crore in the June quarter. It was Rs 8,292.10 crore in the corresponding period of the last fiscal year. The consolidated financial results of ACL for the June quarter are not comparable due to the acquisition of several companies, including Hyderabad-based Penna Cement Industries Ltd (PCIL), Tamil Nadu-based MY Home Industries, and Orient Cements Ltd, whose results are included in it. "The consolidated .
Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July
India Cements, Dalmia Bharat, Sagar Cements, Birla Corporation, and The Ramco Cements shares were trading higher in the range of 2 per cent to 4 per cent
Strap: The scheme is set to take effect from April 1, 2024, once all steps in the merger agreement are completed, as stated in the 70-page NCLT order
In FY 2025-26, cement demand growth is expected to rebound by 6-7 per cent owing to traction from the infrastructure and rural housing segments
Ambuja Cements share price advanced 2 per cent in trade after brokerages iterated its 'Buy' rating on capacity expansion plan
Analysts at Elara Capital expect demand growth for the cement sector to rebound in FY26, driven by improved execution of government initiatives, such as the PMAY-G, and increased irrigation spending.