The Ramco Cements (RAMCOCEM) Q2 25/26 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2025 were approved, with auditors expressing an unmodified opinion on both sets of results.

• The Board approved a draft scheme of amalgamation for Ramco Windfarms Limited (RWL), a wholly owned subsidiary, to merge with the company, subject to regulatory approvals.

Financial highlights

• Standalone revenue from operations for Q2 FY26 was ₹2,234.84 crore, up from ₹2,038.21 crore in Q2 FY25; consolidated revenue was ₹2,238.74 crore, up from ₹2,044.13 crore year-over-year.

• Standalone net profit after tax for Q2 FY26 was ₹74.31 crore, compared to ₹25.58 crore in Q2 FY25; consolidated net profit attributable to equity holders was ₹77.34 crore, up from ₹25.70 crore year-over-year.

• Standalone EBITDA margin improved to 18% for H1 FY26, compared to 16% in H1 FY25; consolidated operating margin also at 18% for H1 FY26.

• Basic and diluted EPS (standalone) for Q2 FY26 was ₹3.14, up from ₹1.08 in Q2 FY25; consolidated EPS was ₹3.27, up from ₹1.12 year-over-year.

Outlook and guidance

• The company expects to benefit from the amalgamation of RWL, which will streamline operations, reduce compliance costs, and optimize power usage for manufacturing.