Ramco Cements reports more than two-fold rise in Q3 profit after tax

CHENNAI: Ramco Cements’ profit after tax (PAT) rose more than two-fold times at Rs 329 crore in the quarter ended Dec 31, 2024 over Rs 93 crore in the corresponding quarter of last year.

The increase in PAT was on the back of exceptional income of Rs 329 crore through the sale of investments and surplus land.

The cement manufacturer has set a capex guidance of Rs 1,200 crore for FY26, the company said in a statement on Thursday.
During the third quarter of FY25, the total sale volume (including construction chemicals) rose by 9% at 4.4 million tonne when compared to 4 million tonne in the same quarter a year ago.

The cement capacity utilisation has increased marginally to 75% during the period.

However, the net revenue for Q3 FY25 reduced by 6% at Rs 1,988 crore against Rs 2,113 crore during the year ago quarter due to drop in cement prices by around 14% YoY. The company continues to focus on the strategy of right products for right applications to make its brands stronger, it added.


In the nine months period (April-Dec) of FY25, the cement manufacturer sold Rs 443 crore out of its targeted value of Rs 1,000 crore towards disposal of non-core assets.

During Q3 FY25, the company reduced its debt to Rs 487 crore. Further, its net debt as on Dec 31, 2024 was at Rs 4,616 crore, the statement further said.