Ambuja Cements, a major player in India's cement industry owned by the Adani Group, reported a significant profit increase in its fourth-quarter results. The company announced a profit after tax of ₹1,644 crore ($173.06 million) for the quarter ending March 31, marking an increase of nearly threefold compared to the same period last year. This surge in profit was largely attributed to a tax credit of approximately ₹1,460 crore and record cement sales volumes. The company achieved its highest-ever quarterly sales volume of 19.9 million metric tons, reflecting a 10% year-on-year growth, driven by strong demand from infrastructure projects. Revenue from operations also saw an increase of 5.5%, reaching ₹6,972 crore. Analysts noted that while cement demand in India grew by 6-7% year-on-year during the March quarter, it showed signs of moderation towards the end of the period.