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Ramco Cements Ltd has reported a three-fold increase in consolidated net profit to ₹76 crore for the second quarter ended September 30, 2025 as against ₹25 crore for the corresponding period last year. Revenue rose by 9 per cent to ₹2,245 crore (₹2,054 crore). Construction chemicals business registered a sales volume of 1.48 lakh tonnes (0.86 lakh tonnes) with a growth of 72 per cent, says the release. During the second quarter, the cement sale volume was 4.40 million tonnes, which remained flat at the same level as in Q2FY25 at 4.40 million tonnes. The lack of volume growth was due to early monsoon/excess rainfall and run-up to rationalisation of GST rates. The cement capacity utilisation for Q2FY26 was at 71 per cent as against 75 per cent during Q2FY25. The reason for reduction in cement capacity utilisation was due to additional capacities aggregating to 1.3 MTPA created by way of de-bottlenecking during H2FY25, a statement from Ramco said. Cost of raw materials per tonne increased by 10 per cent y-o-y from ₹903 to ₹995 for the current period, due to levy of mineral bearing land tax (MBT) of ₹160 per tonne of limestone in Tamil Nadu from April 2025, which translates into impact in variable cost of ₹40 crore for Q2FY26 for the company. Tamil Nadu is the only state where such a huge levy is imposed. “The company along with other cement companies have represented to the TN Government to reduce the levy, which is now pending,” Ramco said. During Q2FY26, the company incurred ₹280 crore (₹601 crore) towards capex including maintenance capex. The estimated capex for FY26 is ₹1,200 crore. As on date, the company has monetised ₹501 crore, out of targeted value of ₹1,000 crore of non-core assets. The balance is expected to be monetised soon as the necessary approvals are in place, it noted. Ramco Cements disclosed that it has acquired 28.5 per cent equity shareholding from its existing shareholders in Ramco Windfarms Limited (RWL), for a total consideration of ₹0.28 crore, thereby increasing its shareholding from 71.5 per cent to 100 per cent and making RWL a wholly owned subsidiary with effect from August 21, 2025. Subsequently, the Board, at its meeting held on Wednesday, has approved a Draft Scheme of Amalgamation of RWL with Ramco Cements. Published on November 5, 2025
