News ArticleAmbuja Cements Acquires 26% Equity Stake in SWE Renewables and Reports Q2 FY2027 Financials
Board approves share acquisition; company posts ₹618 crore profit after tax for half year ending September 30, 2026
Ambuja Cements Limited has approved the acquisition of a 26% equity stake in SWE Renewables Limited. Alongside, the company released its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, reporting a half year profit after tax of ₹618 crore. The acquisition marks a strategic step into renewable energy, while financials reflect operational performance for the first half of the fiscal year 2026-27.
Ambuja Cements Limited
Financial Results
Ambuja Cements Limited has acquired a 26% stake in renewable energy firm SWE Renewables Limited and announced its unaudited financial results for the quarter and half year ended September 30, 2026, showing a profit after tax of ₹618 crore for the half year.
The Board of Directors met on October 29, 2026, approving the acquisition of 26% equity shares in SWE Renewables Limited, marking Ambuja Cements’ strategic investment in the renewable energy sector.
The unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026, indicate revenue from operations at ₹12,433 crore for the half year and a profit before exceptional items and tax of ₹795 crore for the same period.
Profit after tax for the half year stood at ₹618 crore, with diluted earnings per share of ₹2.49 on a face value of ₹2 each.
Total income for the half year was ₹12,750 crore including other income, with total expenses amounting to ₹11,955 crore.
The company also reported a net exceptional expense of ₹14 crore during the quarter and ₹183 crore for the half year.
Highlights
- Ambuja Cements acquires 26% equity stake in SWE Renewables Limited.
- Half year profit after tax stands at ₹618 crore for period ending September 30, 2026.
- Revenue from operations for half year is ₹12,433 crore.
- Diluted earnings per share of ₹2.49 reported for half year ending September 2026.
- Board meeting held on October 29, 2026, approving acquisitions and financial results.
Key Data Snapshot
What happened
- Ambuja Cements acquired a 26% equity stake in SWE Renewables Limited on October 29, 2026.
- The company approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- Profit after tax for the half year was ₹618 crore with diluted earnings per share of ₹2.49.
Key details
- Revenue from operations for the half year was ₹12,433 crore.
- Total income including other operating income was ₹12,750 crore for the half year.
- Total expenses for the half year amounted to ₹11,955 crore.
- The Board meeting started at 11:00 a.m. and concluded at 2:20 p.m. on October 29, 2026.
Financial performance
- Profit before exceptional items and tax stood at ₹795 crore for the half year.
- An exceptional expense of ₹14 crore was recorded in the quarter, ₹183 crore for the half year.
- Earnings per share (diluted) for the quarter was ₹0.46 and ₹2.49 for the half year.
Regulatory and governance context
- The acquisition disclosure complies with SEBI Listing Regulations and SEBI Circular dated January 30, 2026.
- Unaudited financial results include a Limited Review Report by the Statutory Auditors.
- Results and disclosures have been posted on the company's website.
Highlights
- Ambuja Cements acquires 26% equity stake in SWE Renewables Limited.
- Half year profit after tax stands at ₹618 crore for period ending September 30, 2026.
- Revenue from operations for half year is ₹12,433 crore.
- Diluted earnings per share of ₹2.49 reported for half year ending September 2026.
- Board meeting held on October 29, 2026, approving acquisitions and financial results.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
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