The Ramco Cements Ltd

Q3 FY26Cement & Cement Products

The Ramco Cements Q3 FY26: Capex ₹823 Cr

Q3 FY26 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 Q3 FY26 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 3QFY26: - Standalone: ₹2,119.10 Cr (7% YoY increase from ₹1,987.83 Cr in 3QFY25) [Page 15] - Consolidated: ₹2,122.86 Cr (6% YoY increase from ₹1,994.26 Cr in 3QFY25) [Page 15] - Sales volume for 3QFY26: - Cement sales: 44.33 lac tons (5% YoY increase from 42.79 lac tons in 3QFY25) [Page 7] - Construction chemicals sales: 1.54 lac tons (79% YoY increase from 0.86 lac tons in 3QFY25) [Page 7] - Average cement prices in 3QFY26 improved by 1% YoY but dropped 6% QoQ [Page 11] - The presentation does not explicitly state an outlook or forward-looking guidance for revenue or volumes. 3QFY26 EBITDA: `298.47 Crores` (Standalone), up 3% YoY from `290.69 Crores` in 3QFY25 (Page 15) - EBITDA Margin (Standalone): 14% in 3QFY26 vs 15% in 3QFY25, a decrease of 1 percentage point (

From The Ramco Cements Ltd's Q3 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Revenue for 3QFY26:
Standalone: ₹2,119.10 Cr (7% YoY increase from ₹1,987.83 Cr in 3QFY25) [Page 15]
Consolidated: ₹2,122.86 Cr (6% YoY increase from ₹1,994.26 Cr in 3QFY25) [Page 15]
Sales volume for 3QFY26:
Cement sales: 44.33 lac tons (5% YoY increase from 42.79 lac tons in 3QFY25) [Page 7]
Construction chemicals sales: 1.54 lac tons (79% YoY increase from 0.86 lac tons in 3QFY25) [Page 7]

2 more points management made on revenue & sales performance

Profitability & Margins

3QFY26 EBITDA: `298.47 Crores` (Standalone), up 3% YoY from `290.69 Crores` in 3QFY25 (Page 15)
EBITDA Margin (Standalone): 14% in 3QFY26 vs 15% in 3QFY25, a decrease of 1 percentage point (Page 24)
Profit After Tax (PAT): `386.91 Crores` (Standalone) in 3QFY26, up 19% YoY from `325.32 Crores` in 3QFY25 (Page 15)
PAT Margin: 18% for 3QFY26 vs 16% in 3QFY25, improvement of 2 percentage points (Page 24)

2 more points management made on profitability & margins

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

Capital Expenditure Plans

- Cement capacity target of ~31 MTPA by Mar-27 through debottlenecking and brownfield expansion. - Debottlenecking during Q4FY26: • Ariyalur, Tamil Nadu - 2.00 MTPA clinker (Feb-26) • Ramasamy Raja Nagar, Tamil Nadu - 0.62 MTPA clinker, 1.00 MTPA cement (Mar-26) - Debottlenecking during FY27: Jayanthipuram, Andhra Pradesh - 1.01 MTPA clinker, 0.70 MTPA cement (Jun-26) - Brownfield expansion during FY27: Kolimigundla Line II, Andhra Pradesh - 3.15 MTPA clinker, 3.00 MTPA cement, 15 MW WHRS capacity (before Mar-27) - WHRS capacity to be commissioned with Kolimigundla Kiln Line-2 in FY27: 15 MW - Capex for FY26 estimated at ₹1,100 Crores (down from ₹1,200 Crores earlier)

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₹2.2L Cr

Rev 1Mar 3

2BIGBLOC Const.₹567 Cr

Rev 2Mar 1

3₹1.3K Cr

Rev 3Mar 1

4₹3.3L Cr

Rev 3Mar 3

5₹81.3K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

As of 31-12-2025, interest-bearing borrowings stand at ₹4,150.29 Crores, down from ₹4,595.20 Crores as of 31-03-2025.
Interest-free/soft loans reduced to ₹38.05 Crores from ₹56.90 Crores in the same period.
Total borrowings decreased from ₹4,652.10 Crores to ₹4,188.34 Crores.
Cash and cash equivalents dropped from ₹170.80 Crores to ₹43.20 Crores, resulting in net debt reducing from ₹4,481.30 Crores to ₹4,145.14 Crores.
Net Debt/EBITDA multiple improved to 2.84x from 3.51x.

2 more points management made on fundraising & capital structure

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

Order Book & Pipeline

The investor presentation "1947.pdf" does not report any details on order book, order inflow, or pending orders. The document covers aspects such as: - Financial performance and key ratios (profit, EBITDA, revenues) - Sales volumes and capacity utilization for cement and construction chemicals - Capex updates and borrowings - ESG initiatives and updates - Market share, volume growth, and pricing trends

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 →

What The Ramco Cements Ltd's management said in earlier quarters

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Frequently Asked Questions

What were The Ramco Cements Ltd Q3 FY26 results?

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 target of ~31 MTPA by Mar-27 through debottlenecking and brownfield expansion.

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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.