Ramco Cements sees strong Q2 growth, profit up 191%

Ramco Cements Limited has reported a 9% year-over-year revenue growth to ₹2,242 crores for 2QFY26, with profit after tax surging by 191% to ₹74 crores. This growth was supported by a 22% increase in EBITDA to ₹394 crores, benefiting from improved cement prices and reduced power and fuel costs. The company's blended EBITDA per ton for 2QFY26 stood at ₹866, up from ₹721 in 2QFY25. Despite flat cement sales volume, construction chemicals volume grew by 72% to 1.48 lac tons.

The company's strategic initiatives include achieving 48% of total power from green energy in 2QFY26, a significant increase from 39% in 2QFY25, leading to a 16% reduction in power and fuel cost per ton to ₹1,029. Interest costs decreased by 7% due to reduced borrowings and repo rate cuts. Depreciation rose by 8% due to the commissioning of new manufacturing facilities.

Ramco Cements also launched "Hard Worker," a new brand for 20 specialized construction chemical products, aiming to scale revenue from this segment to ₹2,000 crores in the next 4-5 years. Capital expenditure for 1HFY26 totaled ₹601 crores, with ₹280 crores in 2QFY26, and the company has monetized ₹501 crores of non-core assets.