Integrated Filing — IndAS



General information about company

Scrip Code 500260
NSE Symbol RAMCOCEM
MSEI Symbol NOTLISTED
ISIN INE331A01037
Name of company THE RAMCO CEMENTS 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 09-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 Single segment
Description of single segment Cement and Cement related products
Start date and time of board meeting 09-02-2026   15:41:00
End date and time of board meeting 09-02-2026   17:27:00
Whether cash flow statement is applicable on company
Type of cash flow statement
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,10,568.00 6,41,844.00
Other income 1,718.00 2,970.00
Total income 2,12,286.00 6,44,814.00
2 Expenses
(a) Cost of materials consumed 46,406.00 1,35,125.00
(b) Purchases of stock-in-trade 132.00 187.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,550.00) (4,673.00)
(d) Employee benefit expense 14,116.00 43,948.00
(e) Finance costs 10,800.00 32,412.00
(f) Depreciation, depletion and amortisation expense 18,489.00 55,213.00
(f) Other Expenses
1 Transportation and Handling 48,151.00 1,38,401.00
2 Power and Fuel 49,812.00 1,46,103.00
3 Other Expenditure 25,523.00 76,221.00
Total other expenses 1,23,486.00 3,60,725.00
Total expenses 2,11,879.00 6,22,937.00
3 Total profit before exceptional items and tax 407.00 21,877.00
4 Exceptional items 47,900.00 47,900.00
5 Total profit before tax 48,307.00 69,777.00
6 Tax expense
7 Current tax 3,256.00 3,351.00
8 Deferred tax 6,540.00 11,894.00
9 Total tax expenses 9,796.00 15,245.00
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 38,511.00 54,532.00
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 52.00 275.00
16 Total profit (loss) for period 38,563.00 54,807.00
17 Other comprehensive income net of taxes 47.00 408.00
18 Total Comprehensive Income for the period 38,610.00 55,215.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 38,559.00 54,796.00
Total profit or loss, attributable to non-controlling interests 4.00 11.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 38,606.00 55,202.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 4.00 13.00
21 Details of equity share capital
Paid-up equity share capital 2,363.00 2,363.00
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 16.31 23.18
Diluted earnings (loss) per share from continuing operations 16.31 23.18
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 16.31 23.18
Diluted earnings (loss) per share from continuing and discontinued operations 16.31 23.18
24 Debt equity ratio 0.5300 0.5300
25 Debt service coverage ratio 0.8300 0.9100
26 Interest service coverage ratio 2.2300 2.9100
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1) The above un-audited 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 regulations 33 & 52 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 09-02-2026. 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, The Ramco Cements Limited, its subsidiaries viz. Ramco Windfarms Limited and consolidated result of Ramco Industrial and Technology Services Limited, collectively referred as 'Group' and its Associates viz. Madurai Trans Carrier Limited and consolidated results of Ramco Systems Limited, Ramco Industries Limited and Rajapalayam Mills Limited. 3) The company's business operation comprises of single operating segment viz. cement & cement related products. 4) Key standalone financial information Particulars Quarter Ended Nine Months Ended Un-Audited Un-Audited Un-Audited Un-Audited 31-12-2025 30-09-2025 31-12-2024 31-12-2025 Total Income 2,119.10 2,241.89 1,987.83 6,437.60 Net Profit before tax 485.63 100.24 333.35 702.34 Net Profit after tax 386.91 74.31 325.32 547.23 The standalone financial results of the company are available on the Bombay Stock Exchange website www.bseindia.com, the National Stock Exchange website www.nseindia.com and on the Company's website www.ramcocements.in 5) On 21-11-2025, the Central Government notified the Code on Social Security, 2020, the Industrial Relations Code, 2020, the Code on Wages, 2019 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “Labour Codes”), subsuming various existing labour and industrial laws governing employee benefits during employment and post employment period. The Ministry of Labour & Employment has published draft Central Rules and FAQs to facilitate assessment of the financial impact arising from these regulatory changes. Accordingly, the Group has assessed the financial implications based on an actuarial valuation in accordance with Ind AS 19 Employee Benefits read with FAQ issued by Institute of Chartered Accountants of India (ICAI), which has resulted in an increase in gratuity and compensated absences aggregating to Rs.26.62 Crores due to past service cost, in view of change in the definition of wages as per new labour codes. Since this impact arises from the enactment of new legislation and is non-recurring in nature, the Company has recognised the same under “Exceptional Items” in the Statement of Profit and Loss for the quarter and nine months ended 31-12-2025. The Company continue to monitor the finalisation of Central and State Rules and any further clarifications issued by the Government in relation to the Labour Codes and will appropriately give effect to such changes in the books, as and when required. 6) Exceptional items comprises of - Particulars Quarter Ended Nine Months Ended Un-Audited Un-Audited Un-Audited Un-Audited 31-12-2025 30-09-2025 31-12-2024 31-12-2025 (a) Profit on sale of investments (after consolidation adjustments) - - 149.70 - (b) Profit on sale of surplus lands 505.62 - 38.88 505.62 (c) Impact on account of Social Security Code, 2025 due to Past Service Cost [Refer Note No.5] (26.62) - (26.62) Total 479.00 - 188.58 479.00 7) The Competition Commission of India (CCI) vide its order dated 31-08-2016 had imposed a penalty of Rs.258.63 Crores on the company towards alleged cartelisation. Our appeal alongwith the appeals of other cement companies had been dismissed by NCLAT vide its order dated 25-07-2018. Against the order, the company appealed to the Hon'able Supreme Court, which by its order dated 05-10-2018 admitted the appeal and directed to continue the interim order passed by NCLAT. Accordingly the company re-deposited Rs.25.86 Crores being 10% of the penalty.The Company backed by legal opinion, believes that it has a good case and hence no provision is made. 8) The disclosures as per Regulation 52(4), 54(2) & (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as below: Particulars Quarter Ended Nine Months Ended Un-Audited Un-Audited Un-Audited Un-Audited 31-12-2025 30-09-2025 31-12-2024 31-12-2025 (a) Debt-Equity Ratio (In Times) 0.53 0.62 0.63 0.53 (b) Debt Service Coverage Ratio (In Times) 0.83 1.18 1.30 0.91 (c) Interest Service Coverage Ratio (In Times) 2.23 3.25 3.72 2.91 (d) Capital Redemption Reserve (Rs.in Crores) 1.63 1.63 1.63 1.63 (e) Net worth (Rs.in Crores) 7,946.71 7,560.60 7,440.95 7,946.71 (f) Net Profit After Tax (Rs. in Crores) 385.59 77.34 182.38 547.96 (g) Basic Earnings per Share (In Rs.p) Not Annualized 16.31 3.27 7.62 23.18 (h) Diluted Earnings per Share (In Rs.p) Not Annualized 16.31 3.27 7.62 23.18 (i) Current Ratio (In Times) 1.13 1.11 1.10 1.13 (j) Long Term Debt to Working Capital (In Times) 13.22 18.23 22.16 13.22 (k) Bad Debts to Account Receivable Ratio (In %) - 0.01% - 0.01% (l) Current Liability Ratio (In %) 25% 23% 23% 25% (m) Total Debts to Total Assets (In %) 25% 28% 29% 25% (n) Debtors Turnover Ratio (In Days), Annualized 35 30 32 35 (o) Inventory Turnover Ratio (In Days), Annualized 47 44 50 46 (p) Operating Margin (%) 14% 18% 15% 17% (q) Net Profit Margin (%) 18% 3% 9% 8% (r) Asset cover ratio for Secured NCDs (In Times) 2.53 2.25 2.11 2.53 (s) Debenture Redemption Reserve (Rs.in Crores) - - - - (t) Securities Premium (Rs.in Crores) 50.59 50.59 50.59 50.59 The Company created and maintains security in respect of Secured Non-Convertible Debentures by Pari-Passu first charge by way of hypothecation on the movable fixed assets of the Company (both present and future), excluding vehicles, for all series of NCDs issued by the Company. 9) The formulae for computation of ratios are given below: (a) Debt Equity Ratio = Total Borrowings / Total Equity (b) Debt Service Coverage Ratio = (Profit before Interest and Depreciation but after current tax) / (Principal Debt Repayment excluding prepayments + Gross Interest) (c) Interest Service Coverage Ratio = (Profit before Interest and Depreciation but after current tax) / Gross Interest (d) Current Ratio = Total Current Assets / (Total Current Liabilities - Security deposits payable on demand - Current maturities of Long term debt) (e) Long Term Debt to Working Capital = (Long Term Debt + Current maturities of Long Term Debt) / (Total Current Assets - (Total Current Liabilities - Security deposits payable on demand - Current maturities of Long term debt)) (f) Bad Debts to Account Receivable Ratio = Bad debs written off / Average Trade receivables (g) Current Liability Ratio = (Total Current Liabilities - Security deposits payable on demand - Current maturities of Long term debt) / Total Liabilities (h) Total Debts to Assets = (Long Term Borrowings + Short Term Borrowings) / Total Assets (i) Debtors Turnover Ratio = 365 Days / (Revenue from Sale of Products / Average Trade Receivables), Annualized (j) Inventory Turnover Ratio = 365 Days / (Revenue from Sale of Products / Average Inventories), Annualized (k) Operating Margin = Profit before exceptional items, interest, depreciation and tax / Total Income (l) Net Profit Margin = Net Profit After Tax / Total Income (m) Asset cover ratio for Secured Non-Convertible Debentures = Assets pledged for Secured NCDs / Outstanding Secured Debt (including accrued interest) 10) Other Comprehensive Income comprises of items that will not be reclassifed to profit or loss as given below: Rs. In Crores Particulars Quarter Ended Nine Months Ended Year Ended Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited 31-12-2025 30-09-2025 31-12-2024 31-12-2025 31-12-2024 31-03-2025 (a) Remeasurement losses on defined benefit obligations, net of tax 0.44 - - 0.44 - (6.75) (b) Gain / (loss) on equity investments through OCI, net of tax - (1.38) 15.83 4.95 15.11 (2.14) (c) Share of OCI of Associates, net of tax 0.03 (0.81) 1.44 (1.31) (0.44) (0.90) Total 0.47 (2.19) 17.27 4.08 14.67 (9.79) 11) The previous period figures have been re-grouped/re-stated wherever necessary For THE RAMCO CEMENTS LIMITED Chennai P.R.VENKETRAMA RAJA 09-02-2026 MANAGING DIRECTOR



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
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)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
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 Remeasurement losses on defined benefit obligations, net of tax 44.00 44.00
2 Gain / (loss) on equity investments through OCI, net of tax 0.00 495.00
3 Share of OCI of Associates, net of tax 3.00 (131.00)
Total Amount of items that will not be reclassified to profit and loss 47.00 408.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
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 47.00 408.00