Mumbai, Jan. 29 -- Ambuja Cement, a part of the Adani Group, said its Q3FY25 net profit soared 242% year-on-year (YoY) to Rs 1,758.03 crore from Rs 513.68 crore in the corresponding period last year, media reports said.

Sequentially, profit surged 251% from Rs 500.66 crore in the September quarter (Q2FY25).

However, the company's EBITDA declined 29% YoY to Rs 600 crore, with margins contracting by over 700 basis points to 11.9% from 19% in the same period last year.

For the nine months ending December 2024 (9MFY25), net profit stood at Rs 2,826.08 crore, up 57% from Rs 1,802.40 crore in the previous year.

Ambuja Cement's board approved an open offer to acquire up to 26% of Orient Cement from public shareholders at Rs 395.4 per share....