The Ramco Cements Reports Sharp Decline in Q4 Net Profit, Announces Dividend
The Ramco Cements experienced a significant decline in its Q4 financial performance. Net profit fell by 74% year-over-year to ₹310 million, down from ₹1.21 billion in the same quarter last year. Revenue decreased by 10.6% to ₹23.9 billion. Despite the challenging quarter, the company has recommended a dividend of ₹2 per equity share, subject to shareholder approval.
Ramco Cements has released its Q4 financial results, showing significant declines across key metrics. Net profit fell 74.50% year-over-year to ₹31.00 crore, while revenue decreased by 10.50% to ₹2,392.00 crore. EBITDA also dropped 23.00% to ₹320.80 crore. Despite these challenges, the company reported a 1% growth in annual sales volume to 18.5 million tonnes and announced a dividend of ₹2.00 per equity share.
12May 25
Ramco Cements Sees Major Block Trade: 981,911 Shares Change Hands at Rs. 950.00 Each
A substantial block trade of 981,911 shares of The Ramco Cements Ltd. occurred on the National Stock Exchange (NSE). The shares were traded at Rs. 950.00 each, totaling Rs. 93.28 crores. This significant transaction suggests potential shifts in ownership or strategic investments in the company. The specific reasons and parties involved in the trade remain undisclosed.
22Apr 25
Ramco Cements to Consider Fundraising via Debentures and Commercial Papers, Maintaining Current Borrowing Limits
Ramco Cements Limited's Board of Directors will meet on April 25, 2025, to discuss issuing Non-Convertible Debentures (NCDs) and Commercial Papers (CPs). The company clarified that this fundraising won't increase existing borrowing limits. The move aims to capitalize on low interest rates. Ramco Cements also plans to restructure its borrowing resolutions for operational convenience, separating bank borrowings, debenture issuances, and commercial papers into distinct resolutions.
01Apr 25
Ramco Cements Falls Short of Non-Core Asset Disposal Target for FY 2024-25
Ramco Cements has reported proceeds of ₹455.03 crore from non-core asset disposal in FY 2024-2025, missing its ₹1,000 crore target. The disposal included ₹376 crore from shares in other companies and ₹79.03 crore from land sales. This strategic move aims to streamline operations and improve financial position, despite falling short of expectations.
13Mar 25
Ramco Cements Opposes Tamil Nadu's Proposed Mineral Bearing Land Tax
Ramco Cements is appealing against Tamil Nadu's proposed 'Mineral Bearing Land Tax Act, 2024'. The company argues that the new tax would increase the already high tax burden on the cement industry, raise costs for consumers, and put Tamil Nadu's cement sector at a competitive disadvantage compared to neighboring states. The act has been published but is not yet in force, with implementation rules pending. Ramco Cements plans to represent its case to the state government, urging reconsideration of the tax.