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Post Change of Ownership, Ambuja Cements Records Substantial Jump in Sequential EBITDA by 161 Percent at Rs. 1,138 Cr

Ambuja Cements Limited (Ambuja), the building materials arm of Adani Cement and part of the diversified Adani group, today announced the financial results for the quarter ended December 31, 2022. ....

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Post Change of Ownership, Ambuja Cements records substantial jump in Sequential EBITDA by 161 per cent at Rs 1,138 cr

Ahmedabad (Gujarat) [India], February 7 (ANI/BusinessWire India): Ambuja Cements Limited (Ambuja), the building materials arm of Adani Cement and part of the diversified Adani group, today announced the financial results for the quarter ended December 31, 2022. The Company has embarked on a transformation journey this quarter which has resulted in sizeable operational efficiencies. Additionally, synergies with the group have supported cost optimization resulting in significant improvements in most business parameters of the Company. Ambuja Cements remains committed to achieving significant size, scale and market leadership with strong emphasis on margin expansion and world class ESG standards. Operational Highlights (Consolidated): - Robust Volume growth of 7 per cent QoQ, supported by an increase in blended cement (clinker factor reduced from 60.1 per cent to 59.5 per cent), better route planning and higher operational synergies with its subsidiary, ACC. Market leadership strongly mai ....

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