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The Ramco Cements Ltd

Q2 FY25Cement & Cement Products

The Ramco Cements Q2 FY25: Capex ₹544 Cr

Q2 FY25 investor presentation: what the company reported on revenue, margins and projects.

Price₹872
Market cap₹20.6K Cr
P/E107.8
Updated24 Sept 2026
Read5 min read

Based on The Ramco Cements Ltd's Q2 FY25 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue for 2QFY25: - Standalone: ₹2,049.50 Cr (down 13% YoY from ₹2,342.79 Cr in 2QFY24) - Consolidated: ₹2,053.94 Cr (down 13% YoY from ₹2,352.09 Cr in 2QFY24) - Cement Sales Volume for 2QFY25: - 44.02 Lac Tons vs 45.33 Lac Tons in 2QFY24 (down approx. EBITDA for 2QFY25: ₹323.39 Crores (Standalone), down 22% YoY from ₹412.08 Crores - EBITDA Margin (EBITDA Ratio): 16% for 2QFY25, down from 18% in 2QFY24 - Profit After Tax (PAT) for 2QFY25: ₹25.58 Crores (Standalone), down 75% YoY from ₹101.30 Crores - PAT Margin (PAT Ratio): 1% for 2QFY25, down from 4% in 2QFY24 - Operating margin (PBT Ratio): 2% for 2QFY25, down from 6% in 2QFY24 - The presentation notes pressure on cement prices and weak margins but does not explicitly state a margin outlook for future quarters.

From The Ramco Cements Ltd's Q2 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue for 2QFY25:
  • Standalone: ₹2,049.50 Cr (down 13% YoY from ₹2,342.79 Cr in 2QFY24)
  • Consolidated: ₹2,053.94 Cr (down 13% YoY from ₹2,352.09 Cr in 2QFY24)
  • Cement Sales Volume for 2QFY25:
  • 44.02 Lac Tons vs 45.33 Lac Tons in 2QFY24 (down approx. 3% YoY)
  • Total sale volume down by 3% to 4.45 MnT YoY
  • Building Product Sales for 2QFY25: 0.86 Lac Tons vs 0.77 Lac Tons in 2QFY24 (increase)
  • Market update notes:
  • B2C volume remained flat YoY
  • B2B volume marginally de-grown YoY
  • Demand affected by monsoon, heatwave, and price pressure
  • Outlook/Comments:
  • No explicit forward guidance on revenue or overall volume growth given

2 more points management made on revenue & sales performance

Profitability & Margins

See what The Ramco Cements Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Cement capacity increased from 23 MTPA to 24 MTPA in 2QFY25 via de-bottlenecking at Kolimigundla Integrated Unit and Salem Grinding Unit, cost $8/ton.
  • Target to achieve 30 MTPA cement capacity by March 2026 through 2nd line commissioning at Kolimigundla, de-bottlenecking, and adding grinding capacities with minimal capex.
  • FY25 capex estimate unchanged at ₹1,200 Crores.
  • Non-core asset monetization target ₹1,000 Crores; ₹376 Crores realized by Oct 2024; sale agreement for lands worth ₹74 Crores expected in 3QFY25.
  • Kolimigundla TPP (18 MW) commenced commercial production in Sep 2024; railway siding commissioning by Dec 2024.
  • WHRS plant (10 MW) at Ramasamy Raja Nagar scheduled for commissioning by 4QFY25.
  • Building Products unit capacity expansion in Odisha to be commissioned before March 2025.

2 more points management made on capital expenditure plans

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential
1Grasim Inds
Rev 1Mar 3
2BIGBLOC Const.
Rev 2Mar 1
3
Rev 3Mar 1
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what The Ramco Cements Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not report any specific figures or details related to order book, order inflow, or pending orders. The document primarily focuses on: - Financial performance including revenue, EBITDA, profit, and cash flow. - Capex and borrowing updates. - Sales volumes, capacity utilization, and market updates.

2 more points management made on order book & pipeline

The Ramco Cements Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.6K Cr, net profit ₹151 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were The Ramco Cements Ltd Q2 FY25 results?

Revenue for 2QFY25: - Standalone: ₹2,049.50 Cr (down 13% YoY from ₹2,342.79 Cr in 2QFY24) - Consolidated: ₹2,053.94 Cr (down 13% YoY from ₹2,352.09 Cr in 2QFY24) - Cement Sales Volume for 2QFY25: - 44.02 Lac Tons vs 45.33 Lac Tons in 2QFY24 (down approx. EBITDA for 2QFY25: ₹323.39 Crores (Standalone), down 22% YoY from ₹412.08 Crores - EBITDA Margin (EBITDA Ratio): 16% for 2QFY25, down from 18% in 2QFY24 - Profit After Tax (PAT) for 2QFY25: ₹25.58 Crores (Standalone), down 75% YoY from ₹101.30 Crores - PAT Margin (PAT Ratio): 1% for 2QFY25, down from 4% in 2QFY24 - Operating margin (PBT Ratio): 2% for 2QFY25, down from 6% in 2QFY24 - The presentation notes pressure on cement prices and weak margins but does not explicitly state a margin outlook for future quarters.

What is The Ramco Cements Ltd share price analysis?

The Ramco Cements Ltd currently shows a neutral. The stock trades at a P/E of 107.8 with a market cap of ₹20,552 Cr. Investors should review the full earnings analysis for detailed insights.

Is The Ramco Cements Ltd planning capital expenditure?

Cement capacity increased from 23 MTPA to 24 MTPA in 2QFY25 via de-bottlenecking at Kolimigundla Integrated Unit and Salem Grinding Unit, cost $8/ton.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.