New Delhi, Jan 29 (Reporter) Adani Group-owned Ambuja Cements on Wednesday said that its consolidated net profit in October-December quarter (Q3) of the current financial year more than doubled year-on-year (YoY) to Rs 2,620 crore from Rs 1,091 crore in the corresponding period of the previous year. The company's revenue from operations during the December quarter of the current financial year stood at Rs 8,415 crore, up 4.5% as compared to Rs 8,052 crore during the same period of previous financial year. "With focus on innovation, digitisation, customer satisfaction, and ESG, our vision drives our expansion into new geographies. Our strategic acquisitions have significantly increased our capacity and market presence. This will be dove-tailed with our ongoing expansion projects, delivering exceptional value for our stakeholders and propelling us towards achieving over 104 MTPA capacity by Q4 FY’25 and 118 MTPA by FY 26," said Ajay Kapur, Whole Time Director & CEO of Ambuja Cements. As regards the outlook for the cement sector, Ambuja Cements said that improved consumption demand in housing and infrastructure segments and increased government spending are poised to reverse the tepid 1.5-2% cement demand growth during H1 FY’25. "This demand is expected to grow by 4-5% in FY’25, further supported by the pro-infra and housing Budget 2025. Ambuja Cements is well-positioned to benefit from these trends. The anticipated rebound in demand, supported by government initiatives, is likely to enhance cement sector performance in the coming quarters. Ambuja Cements will continue to grow at a faster speed than the industry," it said...////...