Key Financial Performance - Consolidated

Quarter Ended June 30, 2026 (Q1 FY2027):

  • Volume: 17.1 MnT (down 7% YoY from 18.4 MnT, down 14% QoQ from 19.9 MnT)
  • Revenue from Operations: ₹9,500 crore (down 8% YoY from ₹10,289 crore, down 13% QoQ from ₹10,916 crore)
  • EBITDA: ₹1,589 crore (down 19% YoY from ₹1,961 crore, up 8% QoQ from ₹1,465 crore)
  • EBITDA Margin: 16.7% (down 2.3 percentage points YoY from 19.1%, up 3.3 percentage points QoQ from 13.4%)
  • EBITDA per Metric Ton: ₹931/Ton (down 13% YoY from ₹1,069/Ton, up 27% QoQ from ₹735/Ton)
  • PAT (Reported): ₹660 crore (down 37% YoY from ₹1,041 crore, down 64% QoQ from ₹1,857 crore)
  • EPS (diluted): ₹2.32 (down 34% YoY from ₹3.53, down 68% QoQ from ₹7.37)
  • Normalised PAT: ₹595 crore (reconciled from reported PAT)

Capacity Expansion Update

  • Cement capacity stood at 109 MTPA as of June 30, 2026
  • Expected to increase to 119 MTPA by FY27
  • Trial production commenced at: Dahej (1.2 MTPA), Salai Banwa (2.4 MTPA), Bathinda (1.2 MTPA), and Jodhpur (2 MTPA)
  • Upcoming trials: Kalamboli (1 MTPA) and Warisaliganj (2.4 MTPA) in Q2 FY2027
  • Maratha clinker line (4 MTPA) commissioning scheduled for 2027

Cost Optimization Initiatives

  • Achieved cost reduction of ₹206 per metric ton sequentially in Q1 FY2027
  • Company remains on track to deliver ₹250 PMT cost reduction in FY2027
  • Target cost of ₹4,250 PMT committed
  • Initiatives included: focused cost optimization despite West Asia conflict headwinds

Digitalization Efforts

  • In-Plant Automation: Automated inbound and outbound logistics processes, vehicle tracking, and man-less weighbridge operations
  • IoT-Based Reliability: IoT-enabled condition monitoring for real-time equipment health visibility
  • Benefits: Improved plant productivity, visibility, turnaround time, enhanced asset reliability, reduced downtime, and predictive maintenance

Market Leadership Strategy

  • Focus on value-led growth and improving quality of earnings
  • Trade Share: Increased by 4 percentage points YoY to 78%
  • Premium cement sustained at 34% of trade sales
  • Blended cement share: Up by 5 percentage points YoY to 85%
  • Clinker Factor: Improved by 2.1 percentage points YoY to 63.7%

Balance Sheet Strength

  • Highest AAA / A1+ credit ratings from CRISIL and CARE
  • Healthy cash flows sustaining Company's capex programme

Volume Breakdown

Clinker and Cement Sales Volumes (MnT):

  • Ambuja (Incl Sanghi, Penna): 12.0 (down 17% QoQ, down 6% YoY)
  • ACC (Incl Rajpura): 10.2 (down 16% QoQ, down 6% YoY)
  • Orient: 1.5 (down 2% QoQ, up 23% YoY)
  • Gross Cement Sales: 23.7 (down 16% QoQ, down 4% YoY)
  • Cement Sales (under MSA): 6.7 (down 19% QoQ, up 4% YoY)
  • Net Cement Sales (Ambuja Consolidated): 17.1 (down 14% QoQ, down 7% YoY)
  • Net Clinker Sales: 0.3 (up 16% QoQ, down 46% YoY)
  • Net CLC Sales Volume: 17.3 (down 14% QoQ, down 8% YoY)

Standalone Performance (Ambuja)

  • Volume: 11.7 MnT (up 2% YoY, down 11% QoQ)
  • Revenue from Operations: ₹6,328 crore (up 3% YoY, down 9% QoQ)
  • EBITDA: ₹935 crore (down 9% YoY, up 44% QoQ)
  • EBITDA Margin: 14.8% (down 1.9 percentage points YoY, up 5.5 percentage points QoQ)
  • EBITDA per Metric Ton: ₹797/Ton (down 10% YoY, up 62% QoQ)
  • PAT: ₹504 crore (down 37% YoY, down 69% QoQ)
  • EPS (diluted): ₹2.03 (down 37% YoY, down 69% QoQ)

ESG Performance

Ratings:

  • Sustainalytics: #8/114 for Ambuja, #9/114 for ACC (lower score better)
  • S&P CSA: 69/90 for Ambuja, 72/89 for ACC net CSA scores
  • Indian validation: ESG 1+ from CareEdge for both companies

ESG Dashboard Q1 FY2027:

  • Climate & Energy (Gross specific CO2 emissions - Kg/T): Ambuja 574, ACC 470
  • Green Power: Ambuja 33%, ACC 31%
  • Circular Economy (Use of waste derived resources in MnT): Ambuja 2.7, ACC 2.5
  • Water Positive: Ambuja 4.7x, ACC 0.4x
  • Trees Planted: Ambuja 2.27 million (till Q1FY27), ACC 4.55 million (till FY26)
  • Beneficiaries: Ambuja 3.72 million (till FY26), ACC 2.76 million (till FY26)

Historical Financial Performance

Consolidated (₹ crore):

| Particulars | FY24 | FY25 | FY26 | Q1FY27 |

| Revenue from Operations | 33,160 | 35,336 | 40,656 | 9,500 |

| EBITDA | 6,400 | 5,971 | 6,539 | 1,589 |

| PAT (Reported) | 4,735 | 5,294 | 5,637 | 660 |

| PAT (Normalized) | 4,735 | 2,647 | 2,255 | 595 |

Board and Governance

  • Board composition: 7 Directors with 29% Independent Directors
  • Non-statutory committees include: IT & Data Security, Corporate Responsibility, Mergers and Acquisition, Legal/Regulatory/Tax, Reputation Risk, Public Consumer, Commodity Price Risk
  • Governance initiatives: Tenure of IDs upto 3 years for max. 2 terms, min. 30% female directors, management ownership requirements, independent 3rd party review for related party transactions

Key Personnel Mentioned

  • Gautam Adani: Chairman
  • Karan Adani: Director
  • Vinod Bahety: Whole Time Director and CEO
  • Rajnish Kumar: Board Member
  • Ameet Desai: Board Member
  • Maheshwar Sahu: Board Member
  • Praveen Garg: Board Member
  • Parikh Bhavik Paresh: Company Secretary & Compliance Officer
  • CA Deepak Balwani: Head, Investor Relations