Ambuja Cements (500425) Q1 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly sales volume of 18.4 MnT, up 20% YoY, with revenue surpassing ₹10,000 crore, a 23% increase YoY.

• EBITDA reached a record ₹1,961 crore, up 53% YoY, and PAT rose 24% to ₹970 crore.

• Seamless integration of Orient Cement and Penna Cement, along with other acquisitions, expanded operational capacity and market share.

• Maintained a debt-free balance sheet and highest credit ratings, supporting future growth and shareholder value.

• Recognized as India's Most Trusted Cement Brand for the fourth consecutive year.

Financial highlights

• Consolidated revenue for Q1 FY26 was ₹10,289 crore, up from ₹8,392 crore in Q1 FY25.

• EBITDA at ₹1,961 crore, up 28% YoY; EBITDA margin at 19.1%, up 3.8 percentage points.

• PAT at ₹970 crore, up 24% YoY; EPS at ₹3.20, up 22% YoY.

• Cost per ton for raw material, power, and freight reduced sequentially, supporting margin expansion.

• Net worth at ₹66,436 crore; cash and cash equivalents at ₹3,000 crore post major acquisitions and CapEx.

Outlook and guidance

• Cement demand expected to grow 7–8% in FY26, driven by housing, infrastructure, and commercial sectors.

• Targeting 118 MTPA cement capacity by end of FY2026 and 140 MTPA by FY2028, with 14.6 MTPA under execution.

• Blueprint to achieve EBITDA of ₹1,500 per ton by 2028; cost reduction initiatives to continue.

• CapEx guidance of ₹9,000–10,000 crore for FY2026, with major expansions on track.

• Results for the quarter are not fully comparable to previous periods due to inclusion of new entities and changes in segment reporting.