[Ramco Cements](ramco cements) has announced its standalone audited financial results for the fiscal year ended March 31, 2026, reporting a strong full-year and quarterly performance. The company's net profit for the year rose to ₹694 crore, compared to ₹417 crore in the previous year — a growth of 66%. This was supported by a 6% increase in net revenue, which reached ₹9,056 crore, up from ₹8,539 crore in FY25. The Board of Directors has recommended a dividend of ₹2.50 per equity share of Re.1/- each for the financial year 2025-26, subject to shareholder approval.

Q4 Standalone Performance

On a quarterly basis, Ramco Cements delivered a notable improvement across key metrics. Q4 EBITDA rose to ₹370 crore compared to ₹320 crore in the same period last year, with the EBITDA margin expanding to 14.30% from 13.42% year-on-year. Q4 standalone net profit surged to ₹146 crore versus ₹31 crore in the corresponding quarter of the previous year. Q4 revenue stood at ₹2,606 crore, up from ₹2,392 crore year-on-year.

The table below summarises the key Q4 standalone metrics:

Full-Year Financial Performance

The company's operational metrics showed mixed results for the full year. Total sale volume for FY26 stood at 18.81 million tons, a marginal growth of 2% from 18.50 million tons in FY25. Cement capacity utilisation decreased from 77% in FY25 to 74% in FY26, due to a 2 MTPA capacity increase in February 2026. EBITDA for the year improved significantly to ₹1,482 crore from ₹1,276 crore in the previous year, with the blended EBITDA per ton rising to ₹788 from ₹690.

Key Financial Metrics

The following table outlines the key standalone financial figures for the full year:

Operational Highlights and Exceptional Items

The financial results included exceptional items amounting to ₹553 crore for the year. This primarily comprised a profit of ₹574 crore from the sale of surplus lands and an expense of ₹20 crore due to the Social Security Code, 2025, relating to past service costs. The company also managed costs effectively, with power & fuel cost per ton decreasing to ₹1,098 from ₹1,123 in the previous year, aided by a higher green power share of 40%.

Debt and Capex

The company reduced its net debt by ₹817 crore during FY26, bringing the total to ₹3,664 crore as of March 31, 2026. The net debt to EBITDA ratio improved to 2.47 times from 3.51 times in FY25. For FY26, the company incurred ₹997 crore towards capital expenditure, with guidance set at ₹800 crore for FY27. The company plans to achieve a cement capacity of approximately 31 MTPA through debottlenecking and expansion projects.

Ramco Cements has announced the resolution of a significant litigation concerning the levy of Excise Duty based on Maximum Retail Price (MRP) for bagged cement. The Original Authority has dropped the matter, which involved a disputed amount of ₹66.65 crores. The company received the official order, dated May 15, 2026, via email on May 18, 2026, at 16:49 PM. This development addresses a specific point previously disclosed in the company's report on material litigations dated August 14, 2023.

Status of Pending Disputes

Despite the resolution of the primary dispute, the company noted that other similar matters remain under review by statutory authorities. These outstanding disputes aggregate to a total of ₹1.60 crores. These figures were part of the company's earlier communication to the exchanges in August 2023.

Breakdown of Litigation Status

The following table summarises the current status of the excise duty disputes involving The Ramco Cements Limited:

The company has requested the stock exchanges to take this update on record. The communication was formally signed by K. Selvanayagam, Secretary of The Ramco Cements Limited.