The Ramco Cements Limited Q4 FY26 Results

Summary

The Ramco Cements Limited reported strong standalone audited results for FY26, with net revenue growing by 6% to ₹9,056 crores and EBITDA increasing by 16% to ₹1,482 crores. Profit after tax saw a substantial rise of 66.4% to ₹694 crores, indicating improved profitability and operational efficiency, with the operating profit ratio reaching 16%. The company also focused on strengthening its financial position by reducing its net debt by ₹817 crores to ₹3,664 crores by year-end. Looking ahead, Ramco Cements plans significant capital expenditure of ₹800 crores in FY27 to expand its cement capacity to approximately 31 MTPA, alongside commissioning new WHRS capacity, reflecting a bullish outlook on growth and sustainability initiatives.

Key Highlights

1. 1

   Net revenue for FY26 increased by 6% to ₹9,056 crores, up from ₹8,539 crores in FY25, primarily due to an approximate 4% year-over-year improvement in prices.

2. 2

   EBITDA for FY26 grew significantly by 16% to ₹1,482 crores, compared to ₹1,276 crores in FY25, resulting in an improved operating profit ratio of 16%.

3. 3

   Profit after tax for FY26 surged by 66.4% to ₹694 Crores, a substantial increase from ₹417 Crores reported in FY25.

4. 4

   Total sales volume, including construction chemicals, registered a marginal growth of 2% to 18.81 million tons in FY26, compared to 18.50 million tons in FY25.

5. 5

   The company successfully reduced its net debt by ₹817 Crores during FY26, bringing the total net debt down to ₹3,664 Crores as of March 31, 2026, with the net debt to EBITDA ratio at 2.47 times.

6. 6

   Capital expenditure for FY26 amounted to ₹997 Crores, and the company has provided a capex guidance of ₹800 Crores for FY27, aiming to expand cement capacity to approximately 31 MTPA.

7. 7

   The share of green power usage increased from 36% in FY25 to 40% in FY26, contributing to a decrease in power and fuel cost per ton of cement from ₹1,123 in FY25 to ₹1,098 in FY26.