On consolidated basis
Quarter ended June 2025
compared with Quarter ended June 2024.
Net sales (including other operating income) of The Ramco Cements has declined
0.93% to Rs 2074.02 crore.
Operating profit margin
has jumped from 15.29% to 19.17%, leading to 24.16% rise in operating profit to
Rs 397.53 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 19.96% to 20.22%. Purchase of
finished goods cost rose from 0.01% to 0.02%. Employee cost
increased from 6.59% to 6.84%. Other expenses fell from 58.63% to
54.43%. Power and Oil fuel cost fell from 26.13% to 23.27%.
Freight charges fell from 21.46% to 19.88%.
Other income fell 26.17%
to Rs 5.98 crore. PBIDT rose 22.92% to Rs 403.51
crore. Provision for interest fell 7.35% to Rs 104.74
crore.
PBDT rose 38.82% to Rs
298.77 crore. Provision for depreciation rose 9.67% to Rs 183.9
crore.
Profit before tax grew
141.63% to Rs 114.87 crore. Share of profit/loss was 91.80% lower at
Rs 0.15 crore. Provision for tax was expense of Rs 30.46 crore,
compared to Rs 12.8 crore. Effective tax rate was 26.48% compared to
25.93%.
Minority interest
increased 20.34% to Rs -0.47 crore. Net profit attributable to
owners of the company increased 128.82% to Rs 85.03 crore.
Promoters’ stake was
42.56% as of 30 June 2025 ,compared to 42.29% as of 30 June 2024
. Promoters pledged stake was 22.05% as of 30 June 2025 ,compared to
22.09% as of 30 June 2024 .
Full year results
analysis.
Net sales (including other operating income) of The Ramco Cements has declined
9.15% to Rs 8518.4 crore.
Operating profit margin
has declined from 16.69% to 14.47%, leading to 21.22% decline in operating
profit to Rs 1,232.54 crore. Raw material cost as a % of total sales
(net of stock adjustments) increased from 18.56% to 20.65%.
Purchase of finished goods cost rose from 0.01% to 0.03%.
Employee cost increased from 5.85% to 6.42%. Other
expenses fell from 58.95% to 58.51%. Power and Oil fuel cost fell
from 27.12% to 24.16%. Freight charges rose from 20.77% to 22.79%.
Other income rose 5.78%
to Rs 41.17 crore. PBIDT fell 20.57% to Rs 1273.71
crore. Provision for interest rose 10.40% to Rs 458.76
crore. Loan funds declined from Rs 4,936.50 crore as of 31 March
2024 to Rs 4,674.61 crore as of 31 March 2025. Inventories rose to
Rs 1,016.18 crore as of 31 March 2025 from Rs 983.48 crore as of 31 March
2024. Sundry debtors were lower at Rs 729.59 crore as of 31 March
2025 compared to Rs 855.70 crore as of 31 March 2024. Cash and bank
balance rose to Rs 209.15 crore as of 31 March 2025 from Rs 136.91 crore as of
31 March 2024. Investments declined from Rs 319.04 crore as of 31
March 2024 to Rs 90.06 crore as of 31 March 2025.
PBDT fell 31.40% to Rs
814.95 crore. Provision for depreciation rose 7.54% to Rs 695.05
crore. Fixed assets increased to Rs 13,310.19 crore as of 31 March
2025 from Rs 12,988.87 crore as of 31 March 2024. Intangible assets
declined from Rs 442.77 crore to Rs 420.20 crore.
Profit before tax down
77.86% to Rs 119.90 crore. Provision for tax was expense of Rs 51.17
crore, compared to Rs 148.13 crore. Effective tax rate was 15.95%
compared to 29.35%.
Minority interest
increased 10.98% to Rs -3.08 crore. Net profit attributable to
owners of the company decreased 24.25% to Rs 272.65 crore.
Equity capital stood at
Rs 23.63 crore as of 31 March 2025 to Rs 23.63 crore as of 31 March
2024. Per share face Value remained same at Rs 1.00.
Promoters’ stake was
42.56% as of 31 March 2025 ,compared to 42.29% as of 31 March 2024
. Promoters pledged stake was 22.05% as of 31 March 2025 ,compared
to 22.29% as of 31 March 2024 .
Cash flow from operating
activities decreased to Rs 1,398.78 crore for year ended March 2025 from Rs
1,898.13 crore for year ended March 2024. Cash flow used in
acquiring fixed assets during the year ended March 2025 stood at Rs 1,024.02
crore, compared to Rs 1,922.54 crore during the year ended March 2024.
Operational
highlights:
During Ql FY26, the cement sale
volume is 4 million tons, compared to 4.29 million tons in the Ql FY25 with a
de-growth of 7% in view of weak demand due early monsoon rains in Kerala.
Construction chemicals business has
registered sale volume of 1.2 lac tons for Ql FY26 as against 0.67 lac tons dur
ing the previous corresponding period, with a growth of 79%.
Expansion:
The company
plans to achieve cement capacity of 30 MTPA by Mar 26 with the commissioning of
2nd line in Kolimigundla along with de-bottlenecking of existing facilities and
adding grinding capacities in existing locations with nominal capex. In
Kolimigundla, construction of railway siding was commissioned during July 2025
and first outward and inward movements have taken place
WHRS
capacity of 5 MW in RR Nagar is expected to be commissioned in Aug-25 and balance
5 MW will be completed during Sep-25. In Kolimigundla, WHRS capacity of 15 MW
will be commissioned along with Kiln Line-2 in FY27.
Construction
Chemicals unit in Odisha was commissioned during July 2025.
The Company
has so far acquired 57% of mining land and 13% of factory lands for its
proposed new green field project in Karnataka
CAPEX:
During
Q1FY26, the company has incurred Rs.321 Crores towards capex including maintenance
capex. The capex guidance for FY26 is expected to be at Rs. 1,200 Crores.
Non Core Assets:
Till, the Company has monetized Rs.501
Crores out of targeted value of Rs.1000 Crores towards disposal of non-core
assets. Balance is expected to be monetized before Sep 2025. The company had
earlier committed to do it in July 2025, but the regulatory approval is in progress
Debt:
The net debt as on 30.6.2025 is 4,734
Crores. | The Ramco Cements : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202506 | 202406 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,074.02 | 2,093.55 | -0.93 | 8,518.40 | 9,376.35 | -9.15 | | OPM (%) | 19.17 | 15.29 | 387 bps | 14.47 | 16.69 | -222 bps | | OP | 397.53 | 320.17 | 24.16 | 1,232.54 | 1,564.58 | -21.22 | | Other Inc. | 5.98 | 8.10 | -26.17 | 41.17 | 38.92 | 5.78 | | PBIDT | 403.51 | 328.27 | 22.92 | 1,273.71 | 1,603.50 | -20.57 | | Interest | 104.74 | 113.05 | -7.35 | 458.76 | 415.53 | 10.40 | | PBDT | 298.77 | 215.22 | 38.82 | 814.95 | 1,187.97 | -31.40 | | Depreciation | 183.9 | 167.68 | 9.67 | 695.05 | 646.31 | 7.54 | | PBT | 114.87 | 47.54 | 141.63 | 119.9 | 541.66 | -77.86 | | Share of Profit/(Loss) from Associates | 0.15 | 1.83 | -91.80 | 1.43 | -37.04 | LP | | PBT before EO | 115.02 | 49.37 | 132.98 | 121.33 | 504.62 | -75.96 | | EO Income | 0 | 0 | - | 199.41 | 0 | - | | PBT after EO | 115.02 | 49.37 | 132.98 | 320.74 | 504.62 | -36.44 | | Taxation | 30.46 | 12.8 | 137.97 | 51.17 | 148.13 | -65.46 | | PAT | 84.56 | 36.57 | 131.23 | 269.57 | 356.49 | -24.38 | | Minority Interest (MI) | -0.47 | -0.59 | 20.34 | -3.08 | -3.46 | 10.98 | | Net profit | 85.03 | 37.16 | 128.82 | 272.65 | 359.95 | -24.25 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 85.03 | 37.16 | 128.82 | 272.65 | 359.95 | -24.25 | | EPS (Rs)* | 3.60 | 1.57 | 128.82 | 4.37 | 15.23 | -71.31 | | | * EPS is on current equity of Rs 23.63 crore, Face value of Rs 1, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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