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7h ago

Ambuja Cements Lifts FY28 Capacity Target After Record Q2; Airtel Reports Strong Revenue and ARPU

Profit comparisons proved tricky after Ambuja’s surge reflected a Rs 1,697 crore tax write-back, with conflicting Airtel totals appearing across outlets.

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Overview

  • Ambuja posted its highest second-quarter revenue at about Rs 9,174 crore and record Q2 cement sales of 16.6 MT, with operating EBITDA at roughly Rs 1,761 crore and margin near 19%.
  • The reported PAT of Rs 2,302 crore at Ambuja included a one-time income tax provision reversal of about Rs 1,697 crore, affecting year-on-year comparability.
  • Ambuja raised its FY28 capacity goal to 155 MTPA via low-capex debottlenecking (around $48 per tonne) and reported progress on projects at Bhatapara and Krishnapatnam, with another 7 MTPA slated for Q3.
  • Renewable additions included 200 MW of solar, taking Ambuja’s RE capacity to 673 MW, and the stock rose roughly 1.5–2% after the results.
  • Bharti Airtel reported consolidated revenue of Rs 52,145 crore and India ARPU of Rs 256, as media reports differed on consolidated net profit (about Rs 6,792–8,651 crore) and the stock gained further in early trade Tuesday.