ScoutQuest5 Nov 2026
The Ramco Cements500260Quarterly results

Ramco Cements Q2FY27: revenue up 10% to ₹2,469.80 crore, profit after tax down 47% on fuel and land tax costs

Q2FY27 consolidated revenue up 10% to ₹2,469.80 crore, but EBITDA down 16% and profit after tax down 47% to ₹40.33 crore.

By ScoutQuest · · 1 min read

Q2FY27 consolidated revenue
up 10% to ₹2,469.80 crore
Q2FY27 EBITDA and PAT
EBITDA fell 16% to ₹333.39 crore and profit after tax fell 47% to ₹40.33 crore
Q2FY27 cement sales
47.38 lac tons, up 8% YoY and 6% QoQ; capacity utilisation at 72% against 71% a year earlier
Period
Q2FY27 / 1HFY27, ended 30 Sep 2026
Positioning
The company presents itself as a 27.17 MTPA cement producer running at 72% utilisation in 2QFY27 with an OPC-led mix (34% OPC, 31% B2B) and a growing construction chemicals business, rated ICRA AA+.

📉 Consolidated revenue for 2QFY27 rose 10% year on year to ₹2,469.80 crore, but EBITDA fell 16% to ₹333.39 crore and profit after tax fell 47% to ₹40.33 crore. The company attributes the squeeze to a 36% YoY rise in power and fuel cost per tonne and a mineral bearing land tax levy in Tamil Nadu of about ₹33 Crores; the quarter includes a ₹4.80 crore exceptional profit on sale of non-core assets.

🏭 Cement sales were 47.38 lac tons in 2QFY27, up 8% YoY and 6% QoQ, with capacity utilisation at 72% against 71% a year earlier; construction chemicals sales rose 38% YoY to 2.04 lac tons. For 1HFY27 the presentation prints consolidated revenue of ₹4,749.59 crore, up 10%, with EBITDA down 19% to ₹646.58 crore and profit after tax down 55% to ₹71.35 crore.

🏭 Management says cement capacity will reach ~31 MTPA by Mar-27 with commissioning of Line-2 at Kolimigundla, and that the 3.15 MTPA clinkering unit there is expected ahead of schedule by Dec-26. It also proposes a 1.2 lac tons p.a. construction chemicals unit at Kolimigundla costing ₹20 Crores, targeted for completion by 2QFY28.

🏭 The balance sheet shows consolidated borrowings of ₹3,963.14 crore at 30-09-2026 versus ₹3,852.05 crore at 31-03-2026, net debt of ₹3,921.37 crore against ₹3,664.24 crore, and cash down to ₹83.35 crore from ₹227.29 crore. The company states FY27 capex is estimated at ₹800 Crores against ₹373 Crores spent in 1HFY27, and carries ICRA AA+ long-term and A1+ short-term ratings.

More numbers
  • Revenue, consolidated, Q2FY272,469.80 (₹ in Crores)
  • EBITDA, consolidated, Q2FY27333.39 (₹ in Crores)
  • Profit after tax, consolidated, Q2FY2740.33 (₹ in Crores)
  • Profit before tax (including exceptional items), consolidated, Q2FY2755.02 (₹ in Crores)
  • Cement sales, 2QFY2747.38
  • Cement capacity utilisation, 2QFY2772%
  • Revenue, consolidated, 1HFY274,749.59 (₹ in Crores)
  • Profit after tax, consolidated, 1HFY2771.35 (₹ in Crores)
  • Net debt, 30-09-20263,921.37 (₹ in Crores)
  • Total cement capacity, current27.17 MTPA
Source: BSE · 5 Nov 2026

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