Ramco Cements reports strong Q2FY26 results, approves subsidiary amalgamation

The Ramco Cements Limited reported a 9% year-over-year increase in standalone revenue to INR 2,241.89 Crores for Q2FY26, with consolidated revenue also rising 9% to INR 2,245.28 Crores. Standalone profit before tax soared 187% to INR 100.24 Crores, while consolidated profit before tax increased by 189% to INR 99.83 Crores. The company's board also approved the amalgamation of Ramco Windfarms Limited, a wholly-owned subsidiary, with The Ramco Cements Limited, effective April 1, 2026, pending NCLT approval.

Cement sales volume remained flat at 4.40 million tons for Q2FY26, but the construction chemicals business saw 72% growth to 1.48 lac tons. The company’s EBITDA for Q2FY26 grew 22% to INR 393.96 Crores, driven by improved cement prices and reduced power and fuel costs, partly due to increased green energy usage (48% of total power). Raw material costs per ton increased 10% year over year, impacted by a new mineral bearing land tax in Tamil Nadu.

New initiatives include the launch of the "Hard Worker" brand for construction chemicals and "Eco Plaster," a no-curing plastering solution. Capex incurred during H1FY26 amounted to INR 601 Crores, with INR 280 Crores in Q2FY26, progressing towards 30 MTPA cement capacity by March 2026. Net debt stood at INR 4,591 Crores as of September 30, 2025.