The Ramco Cements has reported a profit after tax of ₹694 crore for the fiscal year 2026, marking an increase from ₹417 crore in FY25. The company’s net revenue for FY26 stood at ₹9,056 crore, reflecting a 6% growth compared to ₹8,539 crore in the previous fiscal year. This growth was driven by a 4% year-on-year improvement in prices.
During FY26, the total sale volume, including construction chemicals, reached 18.81 million tons, a slight increase from 18.50 million tons in FY25. However, cement capacity utilisation decreased from 77% in FY25 to 74% in FY26 due to a capacity increase of 2 million tons per annum in February 2026.
The company’s EBITDA for FY26 was ₹1,482 crore, a 16% increase from ₹1,276 crore in FY25. The blended EBITDA per ton rose to ₹788 from ₹690 in the previous year. Operating profit ratio improved to 16% from 15% in FY25.
Raw material costs per ton increased by 7% to ₹1,023 in FY26, primarily due to a new mineral bearing land tax in Tamil Nadu. The power and fuel cost per ton of cement decreased slightly to ₹1,098 from ₹1,123 in FY25, aided by increased green power usage, which rose to 40% from 36%.
Interest costs reduced to ₹419 crore from ₹459 crore in FY25, attributed to repo rate cuts and borrowing repayments. The company also reported a profit of ₹574 crore from the sale of surplus lands, recognised under exceptional items.
The net debt of Ramco Cements decreased to ₹3,664 crore as of 31 March 2026, down from ₹4,481 crore a year earlier, with a net debt reduction of ₹817 crore during FY26. The cost of debt fell to 7.29% from 7.90% in FY25.
Looking forward, the company plans to achieve a cement capacity of approximately 31 million tons per annum by FY27, with a capital expenditure guidance of ₹800 crore. The company has also proposed a dividend of ₹2.50 per equity share for FY26.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).