Ambuja Cements reported its first quarter results for the financial year 2025, on Wednesday.

What Happened: The firm reported a consolidated net profit of ₹646.31 crore, a 29% year-on-year decrease from ₹905.61. Sequentially, net profit fell 39% from ₹1,055 crore.

Revenue from operations was down 5% to ₹8.311.48 crore compared to ₹8,713 crore in the year-ago period. In the previous quarter, operational revenue stood at ₹8,894 crore.

The company’s cements business clocked in a revenue of ₹8,009 crore and ready to mix concrete contributed ₹328.83 crore to the revenue.

See Also: Larsen & Toubro Bags ‘Significant’ Order To Build Automobile Plant Near Bengaluru

Cement demand is “likely to grow by 7 – 9 % in FY 25 to around 451 MTPA driven by strong correlation with GDP growth and rising demand from housing and infrastructure sectors,” the company added in the press release.

Last month, the Adani Group firm announced a ₹10,442 crore acquisition of Penna Cement. This purchase supported Adani's ambitious target of achieving a capacity of 140 million tonnes per annum by 2028 and securing a 20% market share in response to robust domestic demand. Adani has reportedly allocated $3 billion (₹25,065 crore) for inorganic expansion with the goal of becoming the largest cement producer in the country.

Price Action: Shares of Ambuja Cement were trading 1.11% higher at ₹681.95 on Wednesday afternoon.

Read Next: HAL Again Extends Ananthakrishnan’s Tenure As Chairman And Managing Director