Ambuja Cements Ltd Share Price – NSE /  BSE

Cement, Mid Cap

Ambuja Cements announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 2 May 2025.

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The company?s board has appointed Rakesh Tiwary as the chief financial officer (CFO) of the company, effective from 1 April 2024.

Rakesh Tiwary is a qualified chartered accountant, cost accountant, company secretary, and MBA with around 25 years of experience. Prior to joining the Adani Group, Tiwary worked with various reputed companies like Indian Oil, Reliance Industries, and JSW Steel. Rakesh joined the Adani Group in February 2016. From 2016 to 2022, Rakesh served as the CFO of Mundra Solar Photovoltaic (Adani Solar) and Adani Electricity Mumbai. In April 2022, Rakesh transitioned to the role of Head of Financial Management and Control for the Airports Business and later became the CFO of the Airports Business.

Rakesh has over two decades of experience in spearheading a wide spectrum of accounts and finance. His expertise lies in the finance, accounting, and commercial functions of business; fundraising management; working capital assessment; credit control; taxation; and audit.

The company?s board of directors appointed Ajay Kapur as a whole-time director and chief executive officer (WTD and CEO) of the company from 16 September 2022 to 30 November 2025. He has been elevated, reappointed, and re-designated as managing director of the company (key managerial personnel) for 2 years, effective from 1 April 2025.

Ajay Kapur possesses over 30 years of expertise in the cement, construction, power, and heavy metals sectors. Ajay holds an MBA from the K.J. Somaiya Institute of Management and a degree in economics. Additionally, he is an alumnus of the Wharton School of the University of Pennsylvania.

Meanwhile, the company?s board of directors appointed Vinod Bahety as whole-time director (WTD) and Chief Executive Officer (CEO), effective from 1 April 2025. His cessation as CFO will be effective from the close of business hours on 31 March 2025.

Vinod Bahety has more than 25 years of corporate experience in various leadership positions in the manufacturing and finance industries. Prior to joining as the CFO of the cement business, he served as the group head for mergers & acquisitions at the Adani Group.

Vinod played a crucial role in several major M&A mandates for the group. During his tenure in the banking industry, he successfully led some of the largest mandates in infrastructure project financing, contributing significantly to nation-building. He holds qualifications as a Chartered Accountant (CA) and a Cost and Works Accountant (CWA).

Ambuja Cements is a major cement-producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets.

The cement major?s consolidated net profit zoomed 140.21% to Rs 2,620.09 crore in Q3 FY25 as against Rs 1,090.73 crore recorded in Q3 FY24. Revenue from operations rose 4.50% YoY to Rs 8,415.31 crore in the quarter ended 31 December 2024.

Shares of Ambuja Cements shed 0.40% to Rs540.90 on the BSE.

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The Board of Ambuja Cements at its meeting held on 28 March 2025 has approved the following:

Appointment of Vinod Bahety (DIN: 09192400) as Additional Director and Wholetime Director and Chief Executive Officer (Key Managerial Personnel) of the Company for a term of three (3) years with effect from 1 April 2025;

Appointment of Rakesh Tiwary as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 1 April 2025;

Cessation of Vinod Bahety as Chief Financial Officer of the Company effective from closure of the business hours on 31 March 2025;

Appointment of Praveen Garg (DIN: 00208604) as an Additional Director (Non Executive and Independent) on the Board of the Company for a term of three (3) consecutive years with effect from 1 April 2025.

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Revenue from operations rose 4.50% YoY to Rs 8,415.31 crore in the quarter ended 31 December 2024.

Profit before tax stood at Rs 2,336.07 crore in Q3 FY25, up 61.14% as against Rs 1,449.70 crore in posted Q3 FY24.

Ambuja Cements’ sales volume (cement and clinker) stood at 16.5 million tons during the third quarter of FY25, registering a growth of 17% on a YoY basis.

In Q3 FY25, operating EBITDA declined 1.15% YoY to Rs 1,712 crore while EBITDA margin reduced to 18.4% as against 21.3% recorded in the similar quarter previous fiscal.

EBITDA PMT de-grew 15.26% to Rs 1,038 in the December 2024 quarter as against Rs 1,225 crore recorded in Q3 of the previous year.

The company's net worth increased by Rs 2,619 crore during the quarter, reaching a total of Rs 62,535 crore. It remains debt-free and continues to maintain its Crisil AAA (stable) and Crisil A1+ ratings.

The cash & cash equivalent stood at Rs 8,755 crore, enabling accelerated growth in the future.

The cement maker said that the higher volume along with improved operational parameters resulted in growth in all business parameters.

On the outlook front, Ambuja Cements said, “improved consumption demand in housing and infrastructure segments and increased government spending are poised to reverse the tepid 1.5-2% cement demand growth during H1 FY’25. This demand is expected to grow by 4-5% in FY’25, further supported by the pro-infra and housing Budget 2025.

Ambuja Cements is well-positioned to benefit from these trends. The anticipated rebound in demand, supported by government initiatives, is likely to enhance cement sector performance in the coming quarters. Ambuja Cements will continue to grow at a faster speed than the industry.”

Ajay Kapur, whole-time director & CEO, Ambuja Cements, stated, “We are pleased to report a quarter of sustainable performance, aligned with our growth plan. With a focus on innovation, digitisation, customer satisfaction, and ESG, our vision drives our expansion into new geographies.

Our strategic acquisitions have significantly increased our capacity and market presence. This will be dovetailed with our ongoing expansion projects, delivering exceptional value for our stakeholders and propelling us towards achieving over 104 MTPA capacity by Q4 FY’25 and 118 MTPA by FY 26.”

Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets.

The stock tumbled 3.78% to end trade at Rs 522.20 on the BSE.

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