Adani Group’s cement and building materials arm, Ambuja Cements, reported a 33.6% year-on-year (y-o-y) dip in net profit attributable to owners for the first quarter of FY27, due to declining revenues. Profit attributable to owners stood at Rs 577 crore (Q1FY26: Rs 869 crore), though it beat Bloomberg estimates of Rs 372 crore. Revenue from operations during the June quarter fell 7.5% y-o-y to Rs 9,474 crore, trailing Bloomberg’s estimate of Rs 10,244 crore on the back of lower sales volumes. Earnings before interest, taxation, depreciation and amortisation (Ebitda) dipped 18.4% y-o-y to Rs 1,563 crore, slightly above Bloomberg estimates of Rs 1,525 crore.