Ambuja Cement Q3 net profit surges 242% to Rs 1,758 crore

"During the quarter ended December 31, 2024, the Board of Directors of the Company has approved acquisition of
7,76,49,413 equity shares of Orient Cement Limited representing 37.9% of the existing share capital from
the promoters / promoter group of Orient and acquisition of 1,82,23,750 equity shares of Orient representing 8.9% of the Existing Share Capital from the certain public shareholders of Orient. Further, the Board of Directors has also approved making an open offer for up to 5,34,19,567 equity shares at a price of Rs 395.40 per equity share to acquire up to 26% of the share capital of Orient from the public shareholders," said Ambuja Cement in a stock exchange filing.

"With Sindri, Farakka and Sankrail grinding units in advance stage of completion, completion of Orient Cements transaction, operational capacities to reach 104 MTPA by Q4FY25, 118 MTPA by FY26 and 140 MTPA target by FY28. Net worth at an all time high of Rs 62,535 crore and cash and cash equivalent at Rs 8,755 crore (14% of the et worth). Added 631 mn MT new limestone reserves in Q3FY25, total reserves reaching 8,300 Mn MT. Besides this, high quality limestone reserves of Orient Cement adds to existing resources," said the firm.

"Volume growth of 24% driven by higher trade sales volume and premium products have mitigated partially the lower realization and resulted in revenue growth of 14%. Various initiatives on ground have been rolled out to push the sales volume and improve realisations, including technical services programs resulting in expansion of ground network, continuous engagement with influencers, improve premium products share, focused branding and promotional activity," added Ambuja Cement.