Adani Group's Ambuja Cements has announced exceptional financial results for the second quarter of the fiscal year 2026, reporting a massive 364% year-on-year surge in its consolidated net profit. The company's profit after tax for the July-September quarter stood at ₹2,302 crore, a significant leap from the ₹496 crore recorded in the same period of the previous year This remarkable increase was bolstered by a reversal of an income tax provision amounting to ₹1,697 croreOn a standalone basis, the company's performance was also robust, with a nearly threefold jump in net profit to ₹1,387.55 crore, compared to ₹500.66 crore in the corresponding quarter of the last fiscal year, marking a 177% increaseThe cement giant also achieved its highest-ever revenue for a second quarter The consolidated revenue from operations climbed by 21% to ₹9,174 crore, up from ₹7,552 crore a year ago.This growth was propelled by a record sales volume for a Q2, which saw a 20% increase to 16.6 million tonnes. The company noted this growth in volume was approximately five times the industry averageOperational efficiency saw a significant boost as well. The consolidated operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) jumped by 58% year-on-year to ₹1,761 crore. Consequently, the EBITDA margin expanded by 4.5 percentage points to 19.2%.Vinod Bahety, Whole Time Director & CEO of Ambuja Cements, commented on the strong performance, stating, “This quarter has been noteworthy for the cement industry. He noted that despite challenges from a prolonged monsoon, the sector is poised to benefit from favorable developments such as GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of the coal cess.Looking ahead, Ambuja Cements is optimistic about its growth trajectory and has increased its capacity target for the fiscal year 2028 from 140 million tonnes per annum (MTPA) to 155 MTPA. Following the impressive results, the company's stock price saw a positive surge in early trade.
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