Ambuja Cements, owned by the Adani Group, reported a 78.5% year-on-year increase in consolidated net profit for Q4 FY26, amounting to ₹1,830.2 crore. This surge was primarily due to one-off tax credits, including a ₹604 crore deferred tax credit and a ₹761 crore reversal of income tax provisions. However, when adjusted for these exceptional items, the normalized profit fell by 33.52% to ₹569 crore compared to ₹856 crore in the previous year. The company achieved record cement sales of 19.9 million tonnes, a 10% increase from the previous year, contributing to a revenue increase of 9.4% to ₹10,915.5 crore. Despite these gains, Ambuja missed revenue estimates of ₹11,329.1 crore. The company cited rising costs in power, fuel, and freight as significant challenges, leading to a 21.62% decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) to ₹1,464 crore. Furthermore, Ambuja plans to delay its capacity expansion timeline from 140 million tonnes per annum (mtpa) by FY28 to 119 mtpa by FY27 to better align with market conditions. The board has also proposed a dividend of ₹2 per equity share for FY26.