Ramco Industries Limited has reported its audited standalone financial results for the year ended 31st March 2026, reflecting broad-based improvement across key financial metrics. Standalone net profit after tax (PAT) rose to ₹111.26 crores from ₹88.36 crores in the previous year, while revenue from operations grew to ₹1,443.50 crores from ₹1,402.40 crores. The Board of Directors has recommended a dividend of ₹1.25 per share for the year, compared to ₹1.00 per share in the prior year, with a cash outflow of ₹10.85 crores and a dividend payout ratio of 9.75%.

Standalone Financial Performance

The company's standalone financial results for FY 2025-26 showed improvement across revenue, profitability, and operating efficiency metrics. The following table summarises the key standalone financial results:

EBIDTA for the year stood at ₹197.51 crores, compared to ₹165.42 crores in the previous year. Cash generation improved to ₹180.00 crores from ₹148.64 crores. The operating profit ratio improved to 13.68% from 11.80% in the prior year.

Consolidated Financial Performance

On a consolidated basis, including subsidiaries and the equity share of associates, the company reported a significantly stronger performance. The consolidated net profit after tax amounted to ₹135.63 crores for the year ended 31st March 2026, compared to ₹93.65 crores in the previous year. Including the share of profit of associates of ₹170.63 crores, total consolidated profit for the year reached ₹306.26 crores against ₹180.91 crores in the prior year.

The Consolidated Total Comprehensive Income for the year under review was ₹291.42 crores as against ₹173.69 crores of the previous year.

Business Division Performance

Building Products Division

The Building Products Division remained the dominant contributor, accounting for 83.75% of the company's turnover. Fibre Cement Sheets and Boards recorded the following operational performance:

Fibre Cement (FC) Sheet sales volume grew by approximately 6% compared to the previous year. The Fibre Cement Boards segment achieved 105% of its annual target during FY 2025-26, recording 1.26 lakh MT in the Non-Asbestos category, with 23% volume growth over the prior year. The segment also achieved all-time high overall monthly volumes of 12,300 MT and a record-high HILUX volume of 5,144 MT during March 2026. Export business registered 60% volume growth, driven by strong performance in Nepal, South Africa, and the U.K.

Wind Energy Division

Wind energy generation increased by 14% compared to the previous year from the existing 15 Wind Mills. Key operational metrics are as follows:

Cotton Yarn Division — Sri Ramco Spinners

During FY 2025-26, the Cotton Yarn Division produced 30.76 Lakh Kgs. of Cotton Yarn, compared to 24.22 Lakh Kgs. in the previous year. The unit sold yarn at 35.49 Lakh Kgs. (including traded yarn) during the year under review, as against 36.65 Lakh Kgs. during FY 2024-25. The division secured an "A+ Grade" in Social Audit Compliances.

Overseas Subsidiaries

At a consolidated level, the net sales of Sri Ramco Lanka (Private) Limited and Sri Ramco Roofings Lanka (Private) Limited were SLR 1336.34 Crores (INR 387.94 Crores), as against SLR 1,063.20 Crores (INR 301.95 Crores) during the corresponding previous year.

Capital Structure and Debt Position

The company's financial position strengthened considerably during the year. Total borrowings declined to ₹169.20 crores from ₹255.70 crores in the previous year, reflecting the company's focus on debt reduction. The debt-equity ratio improved to 0.13 times from 0.20 times. The following table presents key financial ratios for the year:

The decrease in Debt Service Coverage Ratio by 46% was attributed to an increase in loan repayment during the year. The decrease in Debt-Equity Ratio by 35% was primarily due to the decrease in borrowings.

During the year, 32,500 equity shares of ₹1/- each were allotted on exercise of employee stock options, increasing the paid-up capital to ₹8,68,41,560 consisting of 8,68,41,560 shares of ₹1/- each. The company also partly redeemed ₹30 Crores of its Non-Convertible Debentures, with the present outstanding standing at ₹70.00 Crores.

Corporate Social Responsibility

The CSR obligation for FY 2025-26 was ₹1.31 Crores (after adjusting the previous year excess of ₹40.80 lakhs from ₹1.72 Crores, which is 2% of average net profit of past 3 years). Against this, the company spent ₹1.90 Crores on CSR activities spanning healthcare, art and culture, education, rural development, sports promotion, and environmental sustainability. The CSR Committee recommended carrying forward and setting off the excess amount of ₹0.59 Crores to FY 2026-27.

Annual General Meeting

The 61st Annual General Meeting of the company is scheduled to be held on Thursday, 20th August 2026, through Video Conferencing. The record date for dividend eligibility is 13th August 2026, and the dividend payment date is 20th August 2026 onwards.

Rajapalayam Mills Limited has released the pledge on 1,30,000 shares of Ramco Industries Limited following the repayment of a loan to Barclays Investments & Loans India Pvt. Ltd. The release of encumbrance took place on July 24, 2026, reducing the total promoter holding of encumbered shares to 1,15,000, or 0.13% of the total share capital. This development further de-leverages the promoter group’s stake in the listed entity.

Prior to this transaction, Rajapalayam Mills Limited held 2,45,000 encumbered shares, representing 0.28% of the total share capital of the target company. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on July 24, 2026, in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing details the promoter and PAC shareholding structure, indicating that the total promoter holding in Ramco Industries Limited stands at 4,76,16,701 shares, or 54.83% of the total share capital. The release of the pledge specifically impacts the holding of Rajapalayam Mills Limited, which retains a total promoter holding of 1,22,93,180 shares, or 14.16% of the company.

Details of Encumbrance Release

The following table outlines the specific details regarding the latest release of the pledge:

The reason cited for the release of the pledge was the repayment of the loan. The entity in whose favour the shares were previously encumbered was Barclays Investments & Loans India Pvt. Ltd. Other promoters listed in the disclosure, such as Smt. Nalina Ramalakshmi and Shri Pusapadi Ramasubramania Raja Venketrama Raja, reported no encumbrances on their respective holdings.