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Ambuja Cements Lifts FY28 Capacity Target After Record Q2, Profit Boosted by Tax Write-Back

A one-time tax provision reversal lifted reported profit above underlying earnings.

Overview

  • Reported consolidated net profit for Q2 FY26 was Rs 2,302 crore, which includes an income-tax provision reversal of about Rs 1,697–1,710 crore, with some outlets citing an adjusted figure of Rs 1,766 crore.
  • Revenue rose to roughly Rs 9,130–9,174 crore, the company’s highest-ever second-quarter tally, as cement sales volumes increased 20% year-on-year to 16.6 million tonnes.
  • Operating performance strengthened, with operating EBITDA around Rs 1,761 crore and margins near 19.2%, reflecting efficiency gains and better realisations.
  • Ambuja raised its FY28 installed capacity goal to 155 MTPA, adding 15 MTPA through low-capex debottlenecking estimated at about $48 per tonne, and targeting improved utilisation from logistics upgrades.
  • Project execution advanced with trial runs at the 4 MTPA Bhatapara kiln, the 2 MTPA Krishnapatnam grinding unit operational, about 7 MTPA slated for Q3, and 200 MW of new solar lifting renewable capacity to 673 MW.