Ramco Cements Reports 187% Jump in Profit Before Tax for Q2FY26 Despite Flat Sales Volume
Ramco Cements Limited announced its Q2 FY26 results, reporting a 187% increase in profit before tax to ₹100.24 crores. Revenue grew by 9% to ₹2,049.50 crores, while EBITDA rose 22% to ₹323.39 crores. Cement sales volume remained flat at 44.00 lakh tons, but capacity utilization improved to 68%. The company faced increased raw material costs due to a new mineral bearing land tax in Tamil Nadu. Ramco Cements unveiled 'Hard Worker' as its new construction chemicals brand and aims to achieve 30 MTPA cement capacity by March 2026.

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Ramco Cements Limited has announced its financial results for the quarter ended September 30, 2025, showcasing significant growth in profitability despite challenges in sales volume.
Financial Performance
Ramco Cements reported a substantial increase in profit before tax, which rose by 187% to ₹100.24 crores in Q2FY26, compared to ₹34.97 crores in Q2FY25. The company's revenue grew by 9% year-on-year, reaching ₹2,049.50 crores.
For the quarter ended September 30, 2025, Ramco Cements reported:
| Particulars | Q2 FY2026 (Rs. Crores) | Q2 FY2025 (Rs. Crores) | YoY Change |
|---|---|---|---|
| Revenue | 2,049.50 | 1,880.28 | +9% |
| Profit Before Tax | 100.24 | 34.97 | +187% |
| EBITDA | 323.39 | 265.07 | +22% |
The company's EBITDA increased by 22% to ₹323.39 crores, with margins improving to 16%.
Operational Highlights
- Cement sales volume remained relatively flat at 44.00 lakh tons compared to 44.02 lakh tons in Q2FY25.
- Capacity utilization improved to 68% from 65% in the previous year's quarter.
- Average cement prices improved by 7% year-on-year but declined 3% sequentially.
- Green power usage increased to 48% in Q2FY26 from 39% in Q2FY25, contributing to reduced power costs.
Cost Factors
- Raw material costs increased due to a mineral bearing land tax levy of ₹160 per ton of limestone in Tamil Nadu, impacting costs by ₹40 crores for the quarter.
Strategic Initiatives
- The company unveiled 'Hard Worker' as the new brand identity for its construction chemicals product range.
- Ramco Cements plans to achieve a 30 MTPA cement capacity by March 2026.
Outlook
Despite flat sales volume, Ramco Cements has demonstrated strong financial performance through improved pricing and operational efficiencies. The company's focus on increasing green power usage and expanding capacity indicates a strategic approach to long-term growth and sustainability in the competitive cement industry.
Historical Stock Returns for Ramco Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.38% | +1.21% | -0.22% | +3.67% | -1.16% | +15.02% |









































