India: Adani subsidiary Ambuja Cements recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$14.8m in the third quarter of the 2026 financial year (FY2026), down by 21% year-on-year. Net profit dropped by 86%, to US$4.01m. Ambuja Cements noted the effects of new labour codes, a new environmental tax in Chhattisgarh and an extra sales tax deposit during the quarter, as against an excise duty exemption and favourable income tax effects in the corresponding quarter of FY2025. All of this combined to offset what would otherwise have been a more-than-tripling of Ambuja Cements’ profit, according to the producer. Ambuja Cements sold 18.9Mt of cement in the third quarter of FY2025, up by 17% year-on-year.
CEO Vinod Bahety said "We achieved highest-ever quarterly volumes, higher premium cement sales – resulting in better realisation than industry peers – and better base capacity volumes growth."