Integrated Filing — IndAS



General information about company

Scrip Code 532369
NSE Symbol RAMCOIND
MSEI Symbol NOTLISTED
ISIN INE614A01028
Name of company RAMCO INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 05-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 05-11-2025   11:00:00
End date and time of board meeting 05-11-2025   13:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 36,548.00 89,231.00
Other income 352.00 663.00
Total income 36,900.00 89,894.00
2 Expenses
(a) Cost of materials consumed 19,881.00 46,162.00
(b) Purchases of stock-in-trade 25.00 57.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (947.00) 4,143.00
(d) Employee benefit expense 3,873.00 7,721.00
(e) Finance costs 396.00 852.00
(f) Depreciation, depletion and amortisation expense 932.00 1,850.00
(f) Other Expenses
1 OTHER EXPENSES 8,475.00 19,111.00
Total other expenses 8,475.00 19,111.00
Total expenses 32,635.00 79,896.00
3 Total profit before exceptional items and tax 4,265.00 9,998.00
4 Exceptional items 23.00 23.00
5 Total profit before tax 4,288.00 10,021.00
6 Tax expense
7 Current tax 2,116.00 3,212.00
8 Deferred tax 136.00 191.00
9 Total tax expenses 2,252.00 3,403.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,036.00 6,618.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 2,057.00 4,038.00
16 Total profit (loss) for period 4,093.00 10,656.00
17 Other comprehensive income net of taxes 256.00 1,739.00
18 Total Comprehensive Income for the period 4,349.00 12,395.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 866.00 866.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.73 12.3
Diluted earnings (loss) per share from continuing operations 4.73 12.3
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.73 12.3
Diluted earnings (loss) per share from continuing and discontinued operations 4.73 12.3
24 Debt equity ratio 0.0300 0.0300
25 Debt service coverage ratio 7.100 8.7700
26 Interest service coverage ratio 14.1200 14.9100
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1.The above consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). The said financial results were reviewed by the Audit Committee and approved by the Board of Directors at their Meetings held on 05.11.2025. The Statutory Auditors have carried out limited review of the above results and expressed an unmodified audit opinion. 2.The said financial results include the standalone results of the parent company, Ramco Industries Limited, its subsidiaries viz. Sudharsanam Investments Limited and consolidated result of Sri Ramco Lanka (Private) Limited, Sri Lanka, collectively referred as 'Group' and its associates viz. Madurai Trans Carrier Limited and Consolidated results of The Ramco Cements Limited, Ramco Systems Limited, Rajapalayam Mills Limited, Ramco Industrial and Technology Services Limited. 3.The Group's business operation comprises of multiple operating segments viz., Building Products, Textiles and Windmills. 4.During the current quarter, the profit on sale of investment in other equity to the tune of Rs. 0.23 Cr is shown under Exceptional item. 5.The Board has approved for setting up a new Fibre Cement Board manufacturing plant at Maksi in Madhya Pradesh. 6.Additional disclosures as per Clause 52(4), 54(2) & (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as below: CONSOLIDATED Particulars QUARTER ENDED HALF YEAR ENDED YEAR ENDED 30.09.2025 Un-Audited 30.06.2025 Un-Audited 30.09.2024 Un-Audited 30.09.2025 Un-Audited 30.09.2024 Un-Audited 31.03.2025 Audited Debt- Equity Ratio (in times) [Total debt /Total Equity] 0.03 0.02 0.03 0.03 0.03 0.05 Debt Service Coverage Ratio (in times) [{(PBIDT - Current tax)/ (Gross Interest + Long-term Principal Repayment)}] 7.10 10.15 5.92 8.77 6.00 5.85 Interest Service Coverage Ratio (in times) [PBIDT/ Gross Interest] 14.12 15.59 14.22 14.91 14.76 11.47 Net worth [Paid-up equity share capital and other equity (excl revaluation reserve)] 4,351 4,312 4,110 4,351 4,110 4,233 Net Profit after Tax 20.36 45.82 13.15 66.18 49.44 93.65 Basic & Diluted - Earning per share-Continueing & discountinued operations (not annualised) 4.73 7.58 2.02 12.30 6.74 20.89 Current Ratio (in times) [Total Current Assets / Total Current Liaiblities ] 2.62 2.73 2.19 2.62 2.19 2.08 Long Term Debt to Working Capital (times) [Long term Borrowings incl current maturities / (Current Assets - (Current Liabilities excl current maturities of LT Debts))] 0.20 0.21 0.03 0.20 0.03 0.23 Bad Debts to Accounts receivable ratio [Bad debts / Average Trade Receivables] - 0.00 - - - 0.00 Current Liability ratio [Current liabilities excl current maturities of Long Term debts /Total liabilities] 0.62 0.60 0.83 0.62 0.83 0.69 Total Debts to Total Assets (in times) 0.04 0.03 0.03 0.04 0.03 0.05 Debtors Turnover (in days-annualised) [Revenue from sale of products /Average Trade Receivables] 24.96 17.92 34.95 19.73 21.54 18.65 Inventory Turnover (in days-annualised) [Revenue from sale of products / Average Inventory] 139.02 97.99 123.59 122.20 112.78 133.87 Operating Margin (%) [Operating Profit before Tax / Income from Operation] 12% 11% 9% 11% 9% 9% Net Profit Margin (%) [Net Profit after Tax / Total Income] 0.06 0.09 0.04 0.07 0.05 0.06 Asset cover ratio for Secured NCDs (In Times) [Total Assets pledged for Secured NCDs / Outstanding Secured Debt + interest accrued but not due] 3.19 3.26 - 3.19 - 3.32 Debenture Redemption Reserve (Rs.in Cr) - - - - - - Securities Premium (Rs.in Cr) 6.14 6.14 6.14 6.14 6.14 6.14 The company created and maintains security in respect of Secured Non Convertible Debenture by Pari-Passu first charge by way of Hypothication on the movable fixed assets of the company (both present and future), excluding vehicles, for the NCD issued by the Company 7.Other Comprehensive Income comprises of items that will not be re-classified to profit or loss as given below: Particulars QUARTER ENDED HALF YEAR ENDED YEAR ENDED 30.09.2025 Un-Audited 30.06.2025 Un-Audited 30.09.2024 Un-Audited 30.09.2025 Un-Audited 30.09.2024 Un-Audited 31.03.2025 Audited Actuarial Gain/(loss) on defined benefit obligation (0.11) (0.12) (0.02) (0.23) (0.03) (0.47) Gain/(loss) on Equity instruments through OCI, net of tax 4.15 14.26 (0.58) 18.41 (0.35) (3.91) Total 4.04 14.14 (0.60) 18.18 (0.38) (4.38) 8.The Central Government has published The Code on Social Security, 2020 and Industrial Relations Code,2020 (the codes) in the Gazette of India, inter alia, subsuming various existing labour and industrial laws which deals with employees including post-employment period. The effective date of the code and the rules are yet to be notified. The impact of the legislative changes if any will be assessed and recognised post notification of relevant provisions 9.The figures for the previous periods have been regrouped/reclassified wherever necessary to conform to the current period's presentation.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 54,721.00
Capital work-in-progress 1,287.00
Investment property 54.00
Goodwill 0.00
Other intangible assets 119.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 3,29,085.00
Non-current financial assets
Non-current investments 9,754.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 907.00
Total non-current financial assets 10,661.00
Deferred tax assets (net) 0.00
Other non-current assets 1,655.00
Total non-current assets 3,97,582.00
2 Current assets
Inventories 58,855.00
Current financial asset
Current investments 0.00
Trade receivables, current 9,303.00
Cash and cash equivalents 6,158.00
Bank balance other than cash and cash equivalents 3,565.00
Loans, current 0.00
Other current financial assets 193.00
Total current financial assets 19,219.00
Current tax assets (net) 0.00
Other current assets 4,976.00
Total current assets 83,050.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 4,80,632.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 868.00
Other equity 4,34,193.00
Total equity attributable to owners of parent 4,35,061.00
Non controlling interest 0.00
Total equity 4,35,061.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 7,334.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 187.00
Total non-current financial liabilities 7,521.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 6,257.00
Deferred government grants, Non-current 73.00
Other non-current liabilities 0.00
Total non-current liabilities 13,851.00
Current liabilities
Current financial liabilities
Borrowings, current 10,033.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 333.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,183.00
Total Trade payable 3,516.00
Other current financial liabilities 10,160.00
Total current financial liabilities 23,709.00
Other current liabilities 3,856.00
Provisions, current 1,647.00
Current tax liabilities (Net) 2,498.00
Deferred government grants, Current 10.00
Total current liabilities 31,720.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 45,571.00
Total equity and liabilites 4,80,632.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 BUILDING PRODUCTS 31,511.00 79,625.00
2 TEXTILES 4,729.00 9,125.00
3 WINDMILLS 0.00935 1,526.00
4 UNALLOCATED 1,048.00 1,803.00
Total Segment Revenue 38,223.00 92,079.00
Less: Inter segment revenue 1,675.00 2,848.00
Revenue from operations 36,548.00 89,231.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 BUILDING PRODUCTS 3,157.00 8,602.00
2 TEXTILES 100.00 52.00
3 WINDMILLS 718.00 1,108.00
4 UNALLOCATED 0.00 0.00
Total Profit before tax 3,975.00 9,762.00
i. Finance cost 396.00 852.00
ii. Other Unallocable Expenditure net off Unallocable income (709.00) (1,111.00)
Profit before tax 4,288.00 10,021.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 BUILDING PRODUCTS 1,08,850.00 1,08,850.00
2 TEXTILES 22,073.00 22,073.00
3 WINDMILLS 1,270.00 1,270.00
4 UNALLOCATED 3,48,439.00 3,48,439.00
Total Segment Asset 4,80,632.00 4,80,632.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 4,80,632.00 4,80,632.00
4 Segment Liabilities
Segment Liabilities
1 BUILDING PRODUCTS 15,913.00 15,913.00
2 TEXTILES 8,481.00 8,481.00
3 WINDMILLS 231.00 231.00
4 UNALLOCATED 20,946.00 20,946.00
Total Segment Liabilities 45,571.00 45,571.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 45,571.00 45,571.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Actuarial Gain/(loss) on defined benefit obligation (11.00) (23.00)
2 Fair value gain/(loss) on Equity instruments through OCI 485.00 2,047.00
3 Share of OCI (net of tax) of Associates (148.00) (79.00)
Total Amount of items that will not be reclassified to profit and loss 326.00 1,945.00
2 Income tax relating to items that will not be reclassified to profit or loss 70.00 206.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 256.00 1,739.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 10,021.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 1,790.00
Adjustments for decrease (increase) in trade receivables, current 690.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,392.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (883.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (1,053.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,850.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 253.00
Adjustments for dividend income 5.00
Adjustments for interest income 322.00
Adjustments for share-based payments 12.00
Adjustments for fair value losses (gains) (25.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 64.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 979.00
Net cash flows from (used in) operations 11,000.00
Dividends received 0.00
Interest paid (852.00)
Interest received 0.00
Income taxes paid (refund) 1,975.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 9,877.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 117.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 19.00
Purchase of property, plant and equipment 1,801.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 436.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 1,097.00
Interest received 322.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (682.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (8,004.00)
Repayments of borrowings 205.00
Payments of lease liabilities 23.00
Dividends paid 868.00
Interest paid 513.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (9,613.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (418.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (418.00)
Cash and cash equivalents cash flow statement at beginning of period 10,141.00
Cash and cash equivalents cash flow statement at end of period 9,723.00