Ambuja Cements' consolidated net profit for Q2 FY25 declined by 42% compared to the previous year, amounting to Rs 456 crore. This decrease was primarily due to weak cement prices and sluggish demand.
The company's results fell short of market expectations, with analysts predicting a net profit of Rs 510 crore. However, Ambuja Cements did see a marginal increase of over 1% in consolidated revenue from operations, reaching Rs 7,516 crore. The company's EBITDA also decreased by 15% year-on-year to Rs 1,111 crore, resulting in an EBITDA margin of 14.8%.
Despite the decline in profit, Ambuja Cements' share price rose by 3% on the NSE, trading at Rs 569.55.