Ambuja Cements Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside significant senior management changes. The company has now formally notified stock exchanges about the cessation of Managing Director Ajay Kapur and submitted revised Key Managerial Personnel (KMP) details under Regulation 30(5) of SEBI Listing Regulations. Additionally, the company has uploaded the audio recording of its Q3FY26 results analyst call on its website.

Financial Performance Overview

The company reported mixed financial performance for Q3FY26, with revenue from operations reaching ₹5,908.67 crore compared to ₹4,888.41 crore in the corresponding quarter of the previous year. However, profit after tax declined to ₹203.99 crore from ₹1,758.03 crore in Q3FY25.

For the nine months ended December 31, 2025, the company achieved revenue from operations of ₹16,588.65 crore and profit after tax of ₹2,447.03 crore, compared to ₹13,499.84 crore and ₹2,826.08 crore respectively in the corresponding period of the previous year.

Managing Director Resignation and Formal Documentation

Mr. Ajay Kapur ceased to be Managing Director and Key Managerial Personnel of the company on account of superannuation effective from close of business hours on January 31, 2026. Following earlier intimation dated January 30, 2026, the company received his formal resignation letter dated January 31, 2026, and submitted it to stock exchanges on February 3, 2026.

In his resignation letter, Mr. Kapur confirmed that there were no other reasons for his resignation apart from superannuation and expressed gratitude to the Board members for their cooperation and support.

Revised Key Managerial Personnel Structure

Following Ajay Kapur's cessation, the company submitted revised KMP details to National Stock Exchange, BSE Limited, and Luxembourg Stock Exchange on January 31, 2026.

All KMPs are based at Adani Corporate House, Shantigram, Near Vaishnav Devi Circle, S. G. Highway Khodiyar, Ahmedabad, Gujarat 382421, with contact number 079-2656 5555.

Investor Call Recording and Regulatory Compliance

In continuation of its earlier communication dated January 13, 2026, Ambuja Cements has uploaded the audio recording of the Analysts/Investors Call on the Q3FY26 unaudited financial results on its website at www.ambujacement.com . The submission was made on January 31, 2026, and signed by Company Secretary & Compliance Officer Manish Mistry.

The financial results were prepared in accordance with Regulation 33 of SEBI Listing Regulations and reviewed by statutory auditors SRBC & CO LLP. The company's Q3FY26 financial performance was significantly affected by exceptional items totaling ₹35.37 crore, including provisions for disputed VAT/CST incentives and impact from new labour law implementation.

Ambuja Cements shares experienced a significant decline of 5.6% to ₹516.00 in Friday's trading session, driven by high trading volume. The stock is a constituent of the Nifty Next 50 index and reflects bearish market sentiment according to analysis as of January 20, 2026.

Recent Quarterly Performance

The company's consolidated quarterly figures show fluctuating performance over the last five quarters:

The company's revenue peaked at ₹10,289.07 crore in June 2025 before declining to ₹9,174.49 crore in September 2025. Net profit showed significant volatility, reaching ₹2,617.14 crore in December 2024 and settling at ₹2,297.89 crore in the September 2025 quarter.

Annual Financial Trends

Ambuja Cements has demonstrated consistent growth over the five-year period:

Annual revenue increased from ₹28,965.46 crore in 2021 to ₹35,044.76 crore in 2025. Net profit rose from ₹3,690.81 crore in 2021 to ₹5,145.19 crore in 2025. The company has maintained a debt-free status with a consistent debt-to-equity ratio of 0.00 over the past five years.

Key Financial Ratios

The company's financial ratios for March 2025 indicate:

Recent Corporate Actions

Ambuja Cements has announced several corporate developments. On January 17, 2026, the company informed the exchange about newspaper publication regarding a petition hearing before the National Company Law Tribunal Ahmedabad bench concerning the Scheme of Arrangement between Penna Cement Industries Limited and Ambuja Cements. On January 16, 2026, the company announced the commissioning of a project under SEBI regulations.

The board meeting to consider unaudited financial results for the quarter and nine months ended December 31, 2025, is scheduled for January 30, 2026. The company announced a final dividend of ₹2.00 per share on April 29, 2025, with an effective date of June 13, 2025.

Market Outlook

The stock movement reflects bearish sentiment according to analysis, with the significant price decline occurring amid high trading volume. The company's financial performance shows both growth trends and quarterly volatility, while maintaining strong fundamentals including zero debt levels.