Ambuja Cements has acknowledged a delay in the execution of expansion projects and said it is keeping its capital expenditure (capex) in FY27 "moderate" in the range of Rs 6,000-6,500 crore as against Rs 7,500 crore last year as it focuses on completion rather than taking on new ones. Ambuja Cement Director Karan Adani, while replying to a query in a post-earnings investor call, admitted that execution in the cement business has fallen short of the group's standards due to contractor issues, a lack of an execution team, and incomplete engineering work. The country's second-largest cement maker is "pausing and correcting" itself and "wants to first complete our projects that we have taken in our hand before we start any new projects", Karan Adani said. Among the key reasons for delays was the selection of contractors that did not meet execution expectations. "We did not choose the right contractor for execution," said Karan Adani, adding that the company had also faced challenges in
Ambuja Cements reported a consolidated net profit of ₹1,830 crore in the Q4FY26, up 78.5 per cent from ₹1,025 crore in the year-ago period
The Adani Group-owned cement maker posted a profit after tax of ₹1,644 crore ($173.06 million) for the quarter ended March 31, up nearly threefold from a year earlier
Q4FY26 company results: Firms including Jindal Stainless, Petronet LNG, NACL Industries, Tata Chemicals, and IIFL Capital Services are also to release their January-March earnings today
Analysts at ICICI Securities downgraded Adani Green and Adani Energy to 'Add' rating post Q4 results, citing a sharp rally in the share prices.
There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth
The approval comes after Ambuja Cements, in 2023, completed the acquisition of Sanghi Industries, at an enterprise value of ₹5,185 crore
Ambuja Cements' reported Q3 profit plunged due to one-time income and tax credit in the year-ago quarter, even as normalised profit and volumes rose sharply
Adani Group firm Ambuja Cements Ltd on Friday said its profit after tax declined 86.21 per cent to Rs 366.97 crore in the December quarter of FY26, citing a higher base due to tax gains in the year-ago quarter. Ambuja Cements Ltd (ACL) reported a profit after tax (PAT) of Rs 2,662.97 crore in the October-December quarter of the last fiscal, according to a regulatory filing. ACL, along with its subsidiary ACC, received a favourable order from a high court, following which they reassessed their tax liabilities for Q3/FY25. An amount of Rs 1,179.71 crore and Rs 516.84 crore were recorded in the books of ACL and ACC, respectively, and disclosed the write-back under tax adjustments relating to earlier periods. Besides, ACL also received a cash refund of Rs 203.17 crore along with an interest of Rs 25.60 crore after getting a favourable verdict from the Commissioner of Income Tax (Appeals) dated August 5, 2024, the filing said. It registered a PAT of Rs 378 crore in Q3 of FY26, which was
Q3FY26 company results: Firms including Power Grid Corporation of India, Bajaj Auto, Bank of Baroda, Procter & Gamble Hygiene and Health Care are also to release their October-December earnings today
Post-merger, analysts reckon Ambuja Cements will emerge as one of the largest cement companies in India by capacity
Leading Indian companies like Tata Steel have joined hands with Swedish technology innovators to launch seven projects to drive decarbonisation in the domestic steel and cement sectors. As India advances towards its 2070 net-zero target, reducing emissions from these hard-to-abate sectors will be essential to support the country's infrastructure development, industrial growth, and long-term climate ambitions, a press statement has said. The projects include using hydrogen in rotary kilns for steelmaking, recycling steel slag to produce green cement, and deploying AI to support cement decarbonisation. Seven innovative projects have been selected to conduct pre-pilot feasibility studies in India under the Lead IT industry transition partnership, with funding from the Department of Science and Technology, Government of India and the Swedish Energy Agency, the statement said. Leading Indian and global companies, research institutes, and technology innovators are driving these seven ...
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
Ambuja Cements shares rose 3 per cent after it reported a 268 per cent surge in its consolidated net profit in the September quarter
Reliance Industries, IndiGo, DLF, Ambuja Cements and Shree Cement can potentially rally up to 24 per cent from present levels, suggest technical charts.
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
Ambuja Cements share price advanced 2 per cent in trade after brokerages iterated its 'Buy' rating on capacity expansion plan
Bharti Airtel, DMart, Adani Enterprises, Eternal among 10 large-cap stocks that look technically strong on charts and can deliver double-digit returns in the next six months.
Ambuja Cements shares rose 5 per cent, logging an intraday high at ₹562.5 per share; check all details here