Ramco Cements Q3 FY26 Results: Net Profit More Than Doubles on Better Prices and Efficiency

The Ramco Cements Ltd delivered a strong financial performance in the December quarter of FY26, reporting a more than two-fold jump in consolidated net profit, reflecting a combination of improved pricing, steady demand and operational discipline.

For Q3 FY26, the company posted a consolidated net profit of Rs 385.63 crore, compared with Rs 181.58 crore in the corresponding quarter of the previous financial year. Revenue from operations rose by 6.16 per cent year-on-year to Rs 2,105.68 crore, supported by stable market demand and better price realisations across key regions.

Cement sales volume during the quarter stood at 4.43 million tonnes, registering a growth of 4 per cent over 4.28 million tonnes recorded in Q3 FY25. Overall sales volume for the quarter increased by around 5 per cent, indicating steady traction despite capacity utilisation easing marginally to 73 per cent from 75 per cent a year earlier.

The company’s construction chemicals business emerged as a key growth driver, with sales volumes surging 79 per cent year-on-year to 1.54 lakh tonnes in Q3 FY26. The segment benefited from expanding application areas and improved market penetration, adding incremental support to overall revenues.

A major contributor to profitability during the quarter was the Rs 506 crore profit earned from the sale of land. This gain helped offset exceptional losses of Rs 27 crore incurred due to the implementation of new labour codes. After accounting for these items, profit before tax for the quarter stood at Rs 486 crore.

On the cost front, total expenses increased by 6.38 per cent to Rs 2,118.79 crore, largely in line with revenue growth, reflecting effective cost management amid inflationary pressures. The company also made progress on balance sheet strengthening, with net debt reducing to Rs 4,145 crore as of December 31, 2025, from Rs 4,481 crore at the end of March 2025. The cost of debt declined to 7.10 per cent from 7.89 per cent in the year-ago quarter.

Overall, The Ramco Cements’ Q3 FY26 performance underscores its focus on pricing discipline, portfolio diversification and financial prudence, positioning the company to navigate market volatility while pursuing sustainable growth.