Ramco Cements net profit plunges 75% in Q2 FY25

CHENNAI: Ramco Cements on Monday reported a 74.7% decline in net profit at Rs 25.6 crore in the quarter ended Sept 30, 2024 against Rs 101.3 crore in the corresponding quarter last year.

Its net revenue for Q2 FY25 stood at Rs 2,050 crore, which is a dip by 13% over Rs 2,343 crore during the year ago quarter, due to drop in cement prices by around 10% YoY and dip in volumes by 3%, the company said in a statement.

During Q2 FY25, the total sale volume (including building products) was at 4.5 million tonne, compared to 4.6 million tonne in the same quarter last with de-growth of 3% in view of weak demand due to monsoon, it added.

The cement capacity utilisation dropped from 82% in Q2 FY24 to 75% in Q2 FY25 due to additional capacities created by way of debottlenecking in Q2 FY25 and commissioning of line 2 in Odisha in H2 FY24.

The company sold Rs 376 crore of non-core assets during Q2 FY25 out of targeted value of Rs 1,000 crore of non-core assets.

Further, Ramco Cements has entered into a sale agreement for disposal of lands worth Rs 74 crore, which is expected to be realised during Q3 FY25, it added.


Ready to Master Stock Valuation? ET’s Workshop is just around the corner!