Ambuja Cements Q2 results, quarter to Sep 2026

NSE: AMBUJACEMBSE: 500425Cement & Cement ProductsLarge Cap

Ambuja Cements Limited · Formerly Gujarat Ambuja Cement · Face value ₹2 · Listed Feb 1986 on BSE, Feb 1998 on NSE

₹354.70₹3.50 (1.00%)BSE ₹355.90

Share price at the NSE close on 29 Oct 2026. Previous close ₹351.20.

29 Oct: open ₹352.00, high ₹361.95, low ₹349.00

52-week range of traded prices to 29 Oct 2026

₹341.00Low, 8 Oct 2026₹588.75High, 4 Nov 2025

Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹88,136 Cr90th largest listed
P/E: Earlier quarters restated in the year
P/B: 1.48
Dividend yield: 0.56%
ROCE: 2.7%
Debt to equity: 0.00
Volume, NSE: 1,22,93,95140.3% delivered

Ambuja Cements filed its Q2 results for the quarter to Sep 2026 on 29 Oct 2026 at 6:04 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Ambuja Cements annual results and balance sheet

Revenue: ₹9,197 Cr+0.2% on a year ago · −3.2% on the quarter before
Operating profit: ₹1,271 Cr−27.8% on a year ago · −20.0% on the quarter before
Net profit: ₹236 Cr−89.7% on a year ago · −64.2% on the quarter before
Earnings per share: ₹0.78−89.1% on a year ago · −66.4% on the quarter before
Operating margin: 13.8%
Net margin: 2.6%

From revenue to net profit, ₹ crore

Revenue9,197
Materials and goods−1,228
Employee costs−373
Other expenses−6,325
Operating profit1,271
Depreciation−877
Other income+58
One-off items−85
Finance costs−74
Profit before tax293
Tax−62
Joint ventures+5.0
Net profit236

Ambuja Cements results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹10,915 Cr, quarter to Mar 2026; lowest ₹7,516 Cr, quarter to Sep 2024

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023Q1Filed 2 Aug	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4Filed 29 Apr	Jun 2025Q1Filed 3 Nov	Sep 2025Q2Filed 3 Nov	Dec 2025Q3Filed 30 Jan	Mar 2026Q4Filed 4 May	Jun 2026Q1Filed 28 Jul	Sep 2026Q2Filed 29 Oct
Revenue from operations	7,625	7,900	8,033	7,143	7,907	7,966	8,713	7,424	8,129	8,894	8,311	7,516	9,329	9,889	10,289	9,174	10,277	10,915	9,500	9,197
	6,497	6,476	6,918	6,809	6,898	6,727	7,046	6,122	6,397	7,195	7,032	6,405	7,617	8,021	8,328	7,414	8,924	9,452	7,911	7,926
Materials and goods bought	1,050	1,012	751	653	1,291	1,403	1,114	1,033	1,190	1,586	1,577	1,420	1,786	1,827	1,524	1,309	1,905	2,005	1,389	1,228
Employee costs	386	350	385	367	367	387	378	341	320	314	317	349	382	355	418	405	384	396	387	373
Other expenses	5,061	5,114	5,782	5,788	5,240	4,936	5,554	4,748	4,887	5,295	5,137	4,636	5,448	5,839	6,386	5,700	6,635	7,051	6,135	6,325
Operating profit before depreciation	1,128	1,424	1,115	334	1,008	1,239	1,667	1,302	1,732	1,699	1,280	1,111	1,712	1,868	1,961	1,761	1,353	1,464	1,589	1,271
Operating margin	14.8%	18.0%	13.9%	4.7%	12.8%	15.6%	19.1%	17.5%	21.3%	19.1%	15.4%	14.8%	18.4%	18.9%	19.1%	19.2%	13.2%	13.4%	16.7%	13.8%
Depreciation and amortisation	330	306	319	331	337	352	372	381	418	453	476	552	664	786	798	885	959	1,053	834	877
Other income	84	90	133	102	132	284	263	476	194	233	355	374	1,352	573	256	257	87	234	169	58
Finance costs	38	32	40	41	45	39	52	61	70	93	68	67	67	14	67	77	59	21	57	74
Profit before one-off items and tax	844	1,177	889	65	758	1,132	1,506	1,336	1,438	1,386	1,091	867	2,333	1,640	1,352	1,056	423	624	867	378
One-off items	−120	0	0	−31	−140	−147	0	0	0	212	0	−156	0	135	40	−223	−15	−103	−24	−85
Profit before tax	724	1,177	889	33	617	985	1,506	1,336	1,438	1,598	1,091	710	2,333	1,775	1,392	833	407	522	843	293
	297	327	30	−13	136	226	376	352	359	75	311	240	−284	497	379	−1,465	45	−1,329	188	62
Current tax	189	277	137	−9	118	249	358	328	364	−21	309	143	−302	355	347	−1,469	38	−390	75	63
Deferred tax	108	50	−107	−4	18	−23	18	24	−5	96	2	97	18	142	32	4	7	−939	113	−1
Tax rate	41.1%	27.7%	3.4%	−38.1%	22.0%	22.9%	25.0%	26.4%	24.9%	4.7%	28.5%	33.8%	−12.2%	28.0%	27.2%	−175.8%	11.2%	−254.8%	22.3%	21.2%
Share of profit of joint ventures and associates	5	6	6	5	6	4	5	4	10	3	3	2	3	5	4	4	5	6	5	5
	431	856	865	51	488	763	1,135	987	1,090	1,526	783	473	2,620	1,282	1,017	2,302	367	1,857	660	236
Belonging to the company's shareholders	291	659	752	93	434	645	905	793	822	1,055	640	456	2,115	946	835	1,766	204	1,830	577	193
Belonging to outside owners of subsidiaries	140	198	113	−42	53	118	–	194	–	471	143	17	505	–	182	537	163	27	83	43
Other comprehensive income	−2	14	3	0	−1	12	−2	5	−2	30	−2	−23	−1	−13	−5	42	−5	41	1	48
Total comprehensive income	428	871	868	51	487	776	1,133	992	1,088	1,555	781	450	2,619	1,270	1,012	2,345	362	1,899	661	284
Net margin	5.7%	10.8%	10.8%	0.7%	6.2%	9.6%	13.0%	13.3%	13.4%	17.2%	9.4%	6.3%	28.1%	13.0%	9.9%	25.1%	3.6%	17.0%	6.9%	2.6%
Net margin without joint ventures and associates	5.6%	10.8%	10.7%	0.6%	6.1%	9.5%	13.0%	13.2%	13.3%	17.1%	9.4%	6.3%	28.1%	12.9%	9.8%	25.0%	3.5%	17.0%	6.9%	2.5%
Earnings per share	₹1.46	₹3.32	₹3.79	₹0.47	₹2.19	₹3.25	₹4.56	₹3.99	₹4.14	₹5.31	–	₹1.85	₹8.59	₹3.88	–	₹7.15	₹0.82	₹7.41	₹2.32	₹0.78
Diluted earnings per share	₹1.46	₹3.32	₹3.79	₹0.47	₹2.02	₹3.08	₹4.31	₹3.74	₹3.86	₹4.79	–	₹1.85	₹8.59	₹3.88	–	₹7.15	₹0.82	₹7.37	₹2.32	₹0.78

Earnings per share in rupees, restated for later splits and bonuses.

The quarter to Jun 2024 was restated in the company's filing of 30 Oct 2024. The quarter to Jun 2025 was restated in the company's filing of 3 Nov 2025. The table shows the restated figures.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Ambuja Cements segment results by year

Cement
Revenue, ₹ crore
8,009
7,249
9,009
9,501
9,912
8,754
9,815
10,418
9,062
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
808
604
1,054
1,110
1,118
863
421
545
757
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Ready Mix Concrete
Revenue, ₹ crore
329
295
350
426
421
462
500
582
507
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
23
4
10
21
15
32
24
52
5
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Interest and Dividend Income
Revenue, ₹ crore
0
0
0
0
0
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
183
242
61
−10
156
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	–	–	–	8,338	7,544	9,360	9,928	10,333	9,216	10,315	11,000	9,569
Company revenue, as in its results	7,424	8,129	8,894	8,311	7,516	9,329	9,889	10,289	9,174	10,277	10,915	9,500
Revenue	–	–	–	8,009	7,249	9,009	9,501	9,912	8,754	9,815	10,418	9,062
Revenue growth	–	–	–	–	–	–	–	23.8%	20.8%	8.9%	9.6%	−8.6%
Profit	–	–	–	808	604	1,054	1,110	1,118	863	421	545	757
Profit growth	–	–	–	–	–	–	–	38.4%	42.8%	−60.1%	−50.9%	−32.3%
Margin	–	–	–	10.1%	8.3%	11.7%	11.7%	11.3%	9.9%	4.3%	5.2%	8.4%
Assets	–	–	–	44,266	53,052	56,633	56,897	68,046	70,437	70,854	82,733	85,901
Liabilities	–	–	–	9,648	11,053	11,266	11,570	12,818	13,244	13,555	12,709	13,793
Capital employed	–	–	–	34,618	41,999	45,367	45,327	55,227	57,193	57,299	70,024	72,108
Revenue	–	–	–	329	295	350	426	421	462	500	582	507
Revenue growth	–	–	–	–	–	–	–	28.1%	56.5%	42.7%	36.5%	20.4%
Profit	–	–	–	23	4	10	21	15	32	24	52	5
Profit growth	–	–	–	–	–	–	–	−34.4%	759.3%	130.6%	142.5%	−66.3%
Margin	–	–	–	6.9%	1.3%	3.0%	5.0%	3.5%	6.9%	4.8%	8.9%	1.0%
Assets	–	–	–	622	784	969	1,053	1,330	1,558	1,941	2,365	1,110
Liabilities	–	–	–	288	274	367	392	536	576	825	979	760
Capital employed	–	–	–	334	510	601	662	795	982	1,116	1,386	350
	–	–	–	–	–	–	–	0	0	0	0	0
Profit	–	–	–	–	–	–	–	183	242	61	−10	156
Assets	–	–	–	–	–	–	–	0	0	0	0	0
Liabilities	–	–	–	–	–	–	–	0	0	0	0	0
Capital employed	–	–	–	–	–	–	–	0	0	0	0	0
	–	–	–	–	–	–	–	–	0	0	0	0
Profit	–	–	–	–	–	–	–	–	−223	−15	−103	−24
Assets	–	–	–	–	–	–	–	–	0	0	0	0
Liabilities	–	–	–	–	–	–	–	–	0	0	0	0
	–	–	–	–	–	–	–	–	–	–	–	0
Profit	–	–	–	–	–	–	–	–	–	–	–	5
Assets	–	–	–	–	–	–	–	–	–	–	–	0
Liabilities	–	–	–	–	–	–	–	–	–	–	–	0
	–	–	–	–	–	–	0	0	0	0	0	–
Profit	–	–	–	–	–	–	5	4	4	5	6	–
Assets	–	–	–	–	–	–	0	0	0	0	0	–
Liabilities	–	–	–	–	–	–	0	0	0	0	0	–
	–	–	–	–	–	–	0	0	–	–	–	–
Profit	–	–	–	–	–	–	135	40	–	–	–	–
Assets	–	–	–	–	–	–	0	0	–	–	–	–
Liabilities	–	–	–	–	–	–	0	0	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

Ambuja Cements results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Cement

Ready Mix Concrete

Interest and Dividend Income