India: Adani Group subsidiary Ambuja Cement reported a consolidated net profit of US$59m for the first quarter of the 2027 financial year, down by 34% year-on-year from US$90m in the previous corresponding period. Revenue from operations declined by 8% year-on-year to US$989m from US$1.07bn in the first quarter of the 2026 financial year, according to the company. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 19% year-on-year to US$165m from US$204m in the previous corresponding quarter.
The company attributed the decline to disruptions caused by the conflict in the Middle East and higher raw material costs. It reported quarterly sales volumes of 17.1Mt, while its clinker factor improved by 2.1 percentage points to 63.7%. It forecasted that cement demand would remain soft at 5% for the remainder of the financial year, but its long-term outlook remains constructive.