Sanghi Industries Limited — PPTs, 03-11-2025: Investor Presentation

Ambuja Cements delivered a strong Q2 & H1 FY'26 performance, showcasing robust growth and strategic advancements.

**1. Business Performance:**

The company reported a 20% year-on-year increase in cement volume for both Q2 (16.6 MnT) and H1 (35.0 MnT). Q2 revenue surged 21% YoY to ₹9,174 Cr, marking its highest ever for the quarter, with volume growth 5x the industry average. Profit After Tax (PAT) for Q2 soared 364% to ₹2,302 Cr, while H1 PAT grew 159% to ₹3,319 Cr. EBITDA per tonne increased 32% to ₹1,060 in Q2 and 30% to ₹1,064 in H1, driven by a 5% reduction in cost of sales.

**2. Growth Drivers or Strategy:**

Ambuja aims to expand capacity to 155 MTPA by FY'28 (up from 140 MTPA) through debottlenecking at a low cost of $48/MT. Strategic focus includes optimizing product mix with 13 new blenders, improving plant logistics, and achieving a 60% green power share by FY'28 (currently 32.9%). A key objective is cost leadership, targeting ₹3,650 PMT by FY'28.

**3. Recent Developments:**

Trial runs have begun for a 4 MTPA kiln line at Bhatapara, and a 2 MTPA Krishnapatnam grinding unit is operational. Ambuja commissioned 200 MW of solar power, reaching 673 MW of renewable energy. The company launched CiNOC for AI-driven operations and ordered 7 vessels to boost sea logistics. Mergers for Sanghi Industries and Penna Cement are in progress.

**4. Key Financial Metrics:**

Q2 FY'26 saw revenue growth of 21% YoY, PAT growth of 364% YoY, and EBITDA per tonne growth of 32% YoY. The company remains debt-free with a net worth of ₹69,493 Cr.

**5. Management Commentary / Outlook:**

Management is optimistic about achieving double-digit revenue growth and four-digit PMT EBITDA. Positive outlook is fueled by strong demand, favorable policy tailwinds like GST reduction and removal of coal cess, and significant infrastructure and housing projects across India.