Ajay Kapur, CEO Ambuja Cements On Q1 Earnings & Growth Blueprint

Ambuja Cements has reported a slight increase in sales volume to 9.3 million tonnes (mt) in Q1 FY25, up from 9.1 mt in the same period last year. The company’s revenue for the quarter fell 4.5% year-on-year to ₹4,516 crore, down from ₹4,730 crore in Q1 FY24. Profit after tax (PAT) also saw an 11.5% decline to ₹571 crore, compared to ₹645 crore in the corresponding quarter of the previous fiscal year. Notably, the firm recorded an exceptional gain of ₹13 crore. During the quarter, Ambuja Cements entered into a binding agreement to acquire a 100% stake in Penna Cement Industries Limited (PCIL) for an enterprise value of ₹10.422 crore. PCIL, with a total capacity of 14 million tonnes per annum (MTPA), has 10 MTPA operational, with the rest under construction across Andhra Pradesh, Telangana, and Rajasthan. The transaction is set to be effective upon the execution of the Share Purchase Agreement and fulfillment of all conditions, with closure expected by the second quarter of FY25.