The Ramco Cements Ltd

Q4 FY24Cement & Cement Products

The Ramco Cements Q4 FY24: Capex ₹1,922 Cr

Q4 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹872

Market cap₹20.6K Cr

P/E107.8

Updated24 Sept 2026

Read4 min read

Based on The Ramco Cements Ltd's Q4 FY24 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

4QFY24 Revenue: - Standalone: ₹2,687.30 Cr (4% increase YoY from ₹2,581.29 Cr in 4QFY23) - Consolidated: ₹2,691.84 Cr (4% increase YoY from ₹2,583.57 Cr in 4QFY23) - 4QFY24 Sales Volume: 4QFY24 EBITDA: ₹431.09 Crores (Standalone), up 2% YoY from ₹424.47 Crores in 4QFY23 - 4QFY24 Operating Margin (EBITDA Ratio): 16%, unchanged YoY (16% in 4QFY23) - 4QFY24 Profit After Tax (

From The Ramco Cements Ltd's Q4 FY24 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

4QFY24 Revenue:
Standalone: ₹2,687.30 Cr (4% increase YoY from ₹2,581.29 Cr in 4QFY23)
Consolidated: ₹2,691.84 Cr (4% increase YoY from ₹2,583.57 Cr in 4QFY23)
4QFY24 Sales Volume:
Cement Sales: 54.06 Lac Tons (17% YoY growth from 46.28 Lac Tons in 4QFY23)
Dry Mortar Sales: 0.85 Lac Tons (up from 0.72 Lac Tons in 4QFY23)
Total sale volume for 4QFY24 reported at 5.5 MnT, a 17% YoY growth
Capacities Utilization in 4QFY24:
Cement capacity utilization increased to 96% from 85% in 4QFY23

2 more points management made on revenue & sales performance

Profitability & Margins

4QFY24 EBITDA: ₹431.09 Crores (Standalone), up 2% YoY from ₹424.47 Crores in 4QFY23
4QFY24 Operating Margin (EBITDA Ratio): 16%, unchanged YoY (16% in 4QFY23)
4QFY24 Profit After Tax (PAT): ₹121.39 Crores (Standalone), down 20% YoY from ₹152.41 Crores in 4QFY23
Additional context:
EBITDA per ton improved to ₹1,007 in 4QFY24 from ₹903 in 4QFY23
Margins faced pressure due to softened fuel prices amid constant cement price pressure

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

Kolimigundala Thermal Power Plant (TPP) of 18 MW: commissioning scheduled for June 2024
Railway siding at Kolimigundala: commissioning expected by September 2024
Expansion of Dry Mortar Plant: 2 units in Andhra Pradesh & Odisha, commissioning in June 2024
Acquisition of ~660 acres mining land in Karnataka for a new project
Capacity addition at Kolimigundala: clinker to 6.3 MTPA, cement to 3 MTPA, additional WHRS capacity of 15 MW; estimated cost ₹1,250 Crores; scheduled by Q4FY26
Waste Heat Recovery System (WHRS) plant at Ramasamy Raja Nagar: 10 MW capacity; cost ₹153 Crores; scheduled by Q4FY25

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

Gross debt as on 31-03-2024 stands at ₹4,916.82 Crores (Long Term Debt: ₹4,506.21 Crores; Short Term Debt: ₹312.25 Crores; Interest Free/Soft Loans: ₹98.36 Crores).
Cash and cash equivalents as on 31-03-2024 are ₹95.24 Crores, resulting in net debt of ₹4,821.58 Crores.
Borrowings increased by ₹425.77 Crores during FY24 as per the cash flow statement.
Interest-bearing borrowings rose from ₹4,487.42 Crores (31-03-2023) to ₹4,916.82 Crores (31-03-2024).
No mention of equity fundraising in the presentation.

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 does not report any information on order book, order inflow, or pending orders. - There is no mention of order book or order inflow figures in the entire presentation. - The presentation focuses on financials, capacity utilization, market updates, capex, borrowings, and operational parameters.

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 Q4 FY24 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?

Kolimigundala Thermal Power Plant (TPP) of 18 MW: commissioning scheduled for June 2024 - Railway siding at Kolimigundala: commissioning expected by September 2024 - Expansion of Dry Mortar Plant:

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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.