| 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 | 11-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 28-01-2026 |
| 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 | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 11-02-2026 12:00:00 |
| End date and time of board meeting | 11-02-2026 14:00:00 |
| 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 |
| 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 | 38,863.00 | 1,28,094.00 | |
| Other income | 346.00 | 1,009.00 | |
| Total income | 39,209.00 | 1,29,103.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 22,453.00 | 68,615.00 |
| (b) | Purchases of stock-in-trade | 23.00 | 80.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (1,985.00) | 2,158.00 |
| (d) | Employee benefit expense | 4,083.00 | 11,804.00 |
| (e) | Finance costs | 460.00 | 1,312.00 |
| (f) | Depreciation, depletion and amortisation expense | 936.00 | 2,786.00 |
| (f) | Other Expenses | ||
| 1 | OTHER EXPENSES | 9,602.00 | 28,713.00 |
| Total other expenses | 9,602.00 | 28,713.00 | |
| Total expenses | 35,572.00 | 1,15,468.00 | |
| 3 | Total profit before exceptional items and tax | 3,637.00 | 13,635.00 |
| 4 | Exceptional items | 0.00 | 23.00 |
| 5 | Total profit before tax | 3,637.00 | 13,658.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,469.00 | 4,681.00 |
| 8 | Deferred tax | (1.00) | 190.00 |
| 9 | Total tax expenses | 1,468.00 | 4,871.00 |
| 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 | 2,169.00 | 8,787.00 |
| 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 | 9,038.00 | 13,076.00 |
| 16 | Total profit (loss) for period | 11,207.00 | 21,863.00 |
| 17 | Other comprehensive income net of taxes | (564.00) | 1,175.00 |
| 18 | Total Comprehensive Income for the period | 10,643.00 | 23,038.00 |
| 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 | 12.94 | 25.25 | |
| Diluted earnings (loss) per share from continuing operations | 12.94 | 25.25 | |
| 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 | 12.94 | 25.25 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 12.94 | 25.25 | |
| 24 | Debt equity ratio | 0.0400 | 0.0400 |
| 25 | Debt service coverage ratio | 6.4100 | 7.9500 |
| 26 | Interest service coverage ratio | 10.9400 | 13.5200 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| 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 and Regulation 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 11.02.2026. 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, 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 Profit of Rs. 0.23 Cr on sale of investment in other equity recognised and disclosed as an Exceptional item during Q2 of the current financial year. No exceptional item were recorded during the current quarter. 5 Additional disclosures as per Regulations 52(4), 54(2) & (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as under: CONSOLIDATED Particulars QUARTER ENDED NINE MONTHS ENDED YEAR ENDED 31.12.2025 Un-Audited 30.09.2025 Un-Audited 31.12.2024 Un-Audited 31.12.2025 Un-Audited 31.12.2024 Un-Audited 31.03.2025 Audited Debt- Equity Ratio (in times) [Total debt /Total Equity] 0.04 0.03 0.06 0.04 0.06 0.05 Debt Service Coverage Ratio (in times) [{(PBIDT - Current tax)/ (Gross Interest + Long-term Principal Repayment)}] 6.41 7.10 5.26 7.95 5.76 5.85 Interest Service Coverage Ratio (in times) [PBIDT/ Gross Interest] 10.94 14.12 9.08 13.52 12.55 11.47 Net worth [Paid-up equity share capital and other equity (excl revaluation reserve)] 4,456 4,351 4,245 4,456 4,245 4,233 Net Profit after Tax 21.69 20.36 15.62 87.87 65.06 93.65 Basic & Diluted - Earning per share-Continueing & discountinued operations (not annualised) 12.94 4.73 10.26 25.25 16.76 20.89 Current Ratio (in times) [Total Current Assets / Total Current Liaiblities ] 2.48 2.62 1.72 2.48 1.72 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))] 0.19 0.20 0.04 0.19 0.04 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] 0.66 0.62 0.86 0.66 0.86 0.69 Total Debts to Total Assets (in times) 0.04 0.04 0.05 0.04 0.05 0.05 Debtors Turnover (in days-annualised) [Revenue from sale of products /Average Trade Receivables] 22.42 27.65 34.87 21.14 29.00 18.65 Inventory Turnover (in days-annualised) [Revenue from sale of products / Average Inventory] 145.09 139.02 137.60 133.97 126.84 133.87 Operating Margin (%) [Operating Profit before Tax / Income from Operation] 9% 12% 8% 11% 9% 9% Net Profit Margin (%) [Net Profit after Tax / Total Income] 0.06 0.06 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] 3.16 3.19 - 3.16 - 3.32 Debenture Redemption Reserve (Rs.in Cr) - - - - - - Securities Premium (Rs.in Cr) 6.91 6.14 6.14 6.91 6.14 6.14 The company has created and maintains security in respect of Secured Non Convertible Debenture by way of a Pari-Passu first charge through Hypothication on the movable fixed assets of the company (both present and future), excluding vehicles, for the NCD issued by the Company. 6 Other Comprehensive Income comprises items that will not be re-classified to profit or loss as given below: Particulars QUARTER ENDED NINE MONTHS ENDED YEAR ENDED 31.12.2025 Un-Audited 30.09.2025 Un-Audited 31.12.2024 Un-Audited 31.12.2025 Un-Audited 31.12.2024 Un-Audited 31.03.2025 Audited Actuarial Gain/(loss) on defined benefit obligation 1.01 (0.11) (0.02) 0.78 (0.05) (0.47) Gain/(loss) on Equity instruments through OCI, net of tax (6.82) 4.15 36.90 11.59 36.55 (3.91) Total (5.81) 4.04 36.88 12.37 36.50 (4.38) 7 On November 21, 2025, the Government of India notified the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “Labour Codes”), which subsume various existing labour and industrial laws governing employee benefits during employment and post-employment periods. 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 Holding Company has assessed the financial implications based on an actuarial valuation carried out in accordance with Ind AS 19 – Employee Benefits, read with the FAQs issued by the Institute of Chartered Accountants of India (ICAI). Based on such assessment, the Holding Company is of the view that the financial impact of these changes is not material and, therefore, has not been presented as an exceptional item, though the impact has been recognised under Employee Benefits Expenses in the Statement of Profit and Loss for the quarter and nine months ended December 31, 2025. There is no impact on this for Indian subsidiary and this is not applicable for foreign subsidiaries. The Holding Company continues to monitor developments relating to the Labour Codes and will evaluate and give appropriate effect to the impact, if any, on the measurement of liabilities pertaining to employee benefits as and when the relevant rules are finalised and implemented. 8 The figures for the previous periods have been regrouped/reclassified wherever necessary to conform to the current period's presentation. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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) | |||||||
| 1 | BUILDING PRODUCTS | 34,067.00 | 1,13,692.00 | ||||
| 2 | TEXTILES | 5,091.00 | 14,216.00 | ||||
| 3 | WINDMILLS | 0.00256 | 1,782.00 | ||||
| 4 | UNALLOCATED | 0.00925 | 2,728.00 | ||||
| Total Segment Revenue | 40,339.00 | 1,32,418.00 | |||||
| Less: Inter segment revenue | 1,476.00 | 4,324.00 | |||||
| Revenue from operations | 38,863.00 | 1,28,094.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | BUILDING PRODUCTS | 3,303.00 | 11,905.00 | ||||
| 2 | TEXTILES | 53.00 | 105.00 | ||||
| 3 | WINDMILLS | 40.00 | 1,148.00 | ||||
| 4 | UNALLOCATED | 0.00 | 0.00 | ||||
| Total Profit before tax | 3,396.00 | 13,158.00 | |||||
| i. Finance cost | 460.00 | 1,312.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (701.00) | (1,812.00) | |||||
| Profit before tax | 3,637.00 | 13,658.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | BUILDING PRODUCTS | 1,15,417.00 | 1,15,417.00 | ||||
| 2 | TEXTILES | 22,159.00 | 22,159.00 | ||||
| 3 | WINDMILLS | 884.00 | 884.00 | ||||
| 4 | UNALLOCATED | 3,57,155.00 | 3,57,155.00 | ||||
| Total Segment Asset | 4,95,615.00 | 4,95,615.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 4,95,615.00 | 4,95,615.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | BUILDING PRODUCTS | 16,767.00 | 16,767.00 | ||||
| 2 | TEXTILES | 11,414.00 | 11,414.00 | ||||
| 3 | WINDMILLS | 226.00 | 226.00 | ||||
| 4 | UNALLOCATED | 21,649.00 | 21,649.00 | ||||
| Total Segment Liabilities | 50,056.00 | 50,056.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 50,056.00 | 50,056.00 | |||||
| Disclosure of notes on segments | |||||||
| 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 | Actuarial Gain/(loss) on defined benefit obligation | 101.00 | 78.00 |
| 2 | Fair value gain/(loss) on Equity instruments through OCI | (796.00) | 1,251.00 |
| 3 | Share of OCI (net of tax) of Associates | 17.00 | (62.00) |
| Total Amount of items that will not be reclassified to profit and loss | (678.00) | 1,267.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (114.00) | 92.00 |
| 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 | (564.00) | 1,175.00 |