The Ramco Cements Limited announced robust results for FY26, reporting a 6% growth in total revenue to ₹9,056 crore. The company achieved a Profit After Tax of ₹694 crore, reflecting a 66% increase compared to the previous fiscal year. Driven by strong sales volume of 18.81 MnT and operational efficiencies, the company demonstrated resilience, with significant improvements in EBITDA and a strategic focus on sustainable growth and de-leveraging through asset monetization.
Financial Performance Overview
The company recorded a strong financial performance for the year ending March 31, 2026. Standalone revenue grew by 6% to ₹9,055.92 crore, while the Profit After Tax surged by 66% to ₹693.62 crore. For the fourth quarter (Q4FY26), the company reported a standalone revenue of ₹2,618.32 crore and a Profit After Tax of ₹146.39 crore, marking a 372% increase compared to the same quarter in the previous year.
Operational Highlights
During FY26, the company registered a total cement sales volume of 18.81 MnT, representing a 2% year-on-year growth. Construction chemicals emerged as a key growth driver, with sales volume growing by 80% to 5.86 Lac Tons. Operational efficiency was bolstered by a marginal improvement in the clinker conversion ratio to 1.43x and a significant shift toward green energy, which powered 40% of the company’s total electricity consumption in FY26.
Strategic De-leveraging and Capex
The company has maintained a disciplined approach to capital expenditure, which totaled ₹997 crore in FY26. A core part of the financial strategy has been the monetization of non-core assets, yielding ₹1,098 crore over the last two years. These funds have been effectively utilized for de-leveraging, leading to a reduction in total borrowings to ₹3,852.05 crore and a significant improvement in the Net Debt/EBITDA ratio to 2.47x, compared to 3.51x in the previous year.
Future Outlook
Looking ahead, the company is focused on expanding its capacity to ~31 MTPA, supported by brownfield expansions at Kolimigundla and planned de-bottlenecking of existing units. An additional 15 MW of Waste Heat Recovery System (WHRS) capacity is expected to be commissioned in FY27 alongside the second kiln line, further enhancing operational sustainability and efficiency. The company has estimated a capex of ₹800 crore for FY27.
Source: BSE
