Ramco Cements Limited · NSE:RAMCOCEM
Ramco Cements — The Ramco Cements — Q1 FY2027 Earnings Presentation
26 slides from Ramco Cements's earnings presentation, July 2026
Slide 1: From Strength to Strength - Investor Update 1QFY27
from STRENGTH to STRENGTH Investor Update | 1QFY27 Ariyalur Integrated Plant THE RAMCO CEMENTS LIMITED
Slide 2: Contents
Contents Overview TRCL’s Market update Sales & Capacity Utilization Key Performance Financial Analysis & Key Ratios Capex & Borrowings update ESG Update Ariyalur Integrated Plant Awards & Accolades Investor Update | 1QFY27
Slide 3: Overview
Overview ▪ i ’ real GDP grew by 7.7% in FY26, but growth is projected to moderate to 6.6% in FY27, as weak private investment and elevated oil prices linked to the Iran conflict dampen domestic demand; industrial production expanded 5.1% YoY in May-26, a 5-month high ▪ CPI inflation rose for an eigh
Slide 4: TRCL's Market update for 1QFY27
TRCL’s Market update for 1QFY27 South East ▪ Volume from B2C & B2B have grown YoY ▪ Volume from B2C & B2B have grown YoY ▪ Share of premium products in 1QFY27: 28%; 1QFY26: 29% ▪ Share of premium products in 1QFY27: 23%; 1QFY26: 22% ▪ Volume share for 1QFY27: 73%; 1QFY26: 79% ▪ Volume share for 1QFY
Slide 5: Sales & Capacity utilization for 1QFY27
Sales & Capacity utilization for 1QFY27 Cement Capacity Utilization % 68% 70% 83% Utilization Utilization Utilization 1QFY26 1QFY27 4QFY26 1QFY26: OPC 31%; B2B 30%; CC 1.45x 1QFY27: OPC 34%; B2B 33%; CC 1.39x 4QFY26: OPC 34%; B2B 33%; CC 1.43x Cement Sales (Lac Tons) Construction Chemicals Sales (La
Slide 6: Key Performance for 1QFY27
Key Performance for 1QFY27 ` in Crores Revenue Cash profit +10% -13% -24% -35% 2,618 349 2,077 2,276 299 228 1QFY26 1QFY27 4QFY26 1QFY26 1QFY27 4QFY26 Cash profit = PBT + Depreciation – Current Tax (including Exceptional Items) Profit Before Tax (excluding Exceptional Items) Profit After Tax -75% -7
Slide 7: EBITDA
EBITDA ` in Crores -22% -18% 500 404 385 400 314 300 200 100 - 1QFY26 1QFY27 4QFY26 EBITDA / Ton ` 981 / T ` 681 / T ` 693 / T Average Cement prices have dropped by 2% YoY; however, improved by 6% QoQ Rupee depreciation by 11% YoY during FY26 contributed further increase in the Power and fuel cost o
Slide 8: Interest & Depreciation
Interest & Depreciation ` in Crores -9% Flat +4% +2% 200 16.00%200 183 190 187 180 180 14.00% 160 160 12.00% 140 140 10.00% 120 105 120 100 96 95 8.00% 100 80 7.64% 80 7.03% 7.06% 6.00% 60 60 4.00% 40 40 2.00% 20 20 - 0.00% - 1QFY26 1QFY27 4QFY26 1QFY26 1QFY27 4QFY26 Effective rate of interest decre
Slide 9: Standalone Revenue
Standalone Revenue ` in Crores Particulars Q1FY27 Q1FY26 Variance % Cement 2,182.86 1,991.74 10% Construction Chemicals (Note) 86.11 78.39 10% Other Income 7.21 6.48 11% Total Revenue 2,276.18 2,076.61 10% Note: Revenue from Construction Chemicals does not include the below: Captive consumption used
Slide 10: Income Statement for 1QFY27
Income Statement for 1QFY27 ` in Crores Standalone Consolidated Particulars 1QFY27 1QFY26 Variance % 1QFY27 1QFY26 Variance % 2,276.18 2,076.61 10% Revenue 2,279.79 2,080.00 10% 1,961.80 1,672.49 17% Less: Operating Expenses 1,966.60 1,676.49 17% 314.38 404.12 22% EBITDA 313.19 403.51 22% 95.58 104.
Slide 11: Cost of raw materials per ton
Cost of raw materials per ton In ` -4% -2% 1,056 1,031 1,013 1QFY26 1QFY27 4QFY26 Raw material cost per ton include impact of on levy of mineral bearing land tax in TN from Apr-2025, which has an impact of ` 84 per ton of cement for 1QFY27 at Company level amounting to ~ ` 39 Crores Investor Update
Slide 12: Logistics cost per ton
Logistics cost per ton In ` +2% -1% 1,038 1,061 1,076 1QFY26 1QFY27 4QFY26 Rail Co-efficient for cement despatches: 1QFY27 is 9% vs. 8% in 1QFY26 & 12% Avg. lead distance for cement despatches: 1QFY27 is 264 KMs vs 246 KMs in in 4QFY26 1QFY26 & 276 KMs in 4QFY26 Average Diesel price per litre increa
Slide 13: Power and Fuel Cost per ton
Power and Fuel Cost per ton In ` +9% +24% 1,326 1,222 1,072 1QFY26 1QFY27 4QFY26 Blended Fuel consumption (incl. TPP) per T of material: 1QFY27: $ 127; 1QFY26: $ 126; 4QFY26: $ 120 Blended Fuel cost per Kcal: 1QFY27 : ` 1.85; 1QFY26: ` 1.55; 4QFY26 : ` 1.62 37% of total power in 1QFY27 (1QFY26: 31%)
Slide 14: Power & Fuel Mix
Power & Fuel Mix 21% 18% 20% 45% 46% 4QFY26 48% 1QFY26 1QFY27 31% 37% 34% Grid power Green Power Thermal Power Focus on Green Power & Optimal usage of fuel based on Cost per CV 16% 1% 30% 1QFY26 44% 1QFY27 4QFY26 54% 1% 69% 2% 83% Coal Alternate Fuel Pet coke Investor Update | 1QFY27
Slide 15: Employee Cost per ton
Employee Cost per ton In ` -5% 28% 345 329 257 1QFY26 1QFY27 4QFY26 Despite annual increments & additional manpower recruited for construction chemicals business, employee cost down by 5% YoY due to operating leverage Investor Update | 1QFY27
Slide 16: Other Expenditure per ton
Other Expenditure per ton In ` +8% +24% 634 586 513 1QFY26 1QFY27 4QFY26 Other Expenditure increased due to increase in packing material cost by 30% YoY in view of increase in polymer prices due to West Asia War Investor Update | 1QFY27
Slide 17: Key Ratios
Key Ratios Particulars UOM 1QFY27 1QFY26 4QFY26 FY26 EBITDA Ratio % 14% 19% 15% 16% PBT Ratio including Exceptional Items % 1% 6% 7% 10% PAT Ratio % 1% 4% 6% 8% EPS, Not Annualized ` 1.35 3.64 6.19 29.33 Debt-Equity Ratio Multiples 0.49 0.62 0.47 0.47 Debt Service Cover Ratio, Annualized Multiples 2
Slide 18: Capex update & Borrowings
Capex update & Borrowings Borrowings ` in Crores Capex incurred during 1QFY27: ` 176 Crores Particulars 30-06-2027 31-03-2026 Interest-bearing Borrowings 3,977.38 3,813.07 The company plans to achieve cement capacity of ~31 MTPA including debottlenecking of existing integrated units and brown field
Slide 19: ESG Update
ESG Update CO2 Emission Blended Cement Water Positive Green energy CSR 571 Kg / T of Cement 66% 4.5x 37% 2k + Beneficiaries Based on 1QFY27 figures Firm and Focussed for a sustainable future Investor Update | 1QFY27
Slide 20: Awards & Accolades
Awards & Accolades Th C m y’ H W k c m ig h chi m j mil h igi u Kyoorius Creative Awards, winning six honours including the coveted Grey Elephant Grand Prix for the Eco Plaster film. The awards were announced and presented at the Kyoorius Creative Awards Night 2026 held on 23rd May 2026 at the Jio W
Slide 21: Awards & Accolades
Awards & Accolades The Hard Worker campaign of the Company has earned national recognition, securing seven awards at the Good Ads Matter Awards 2026, further cementing its position as one of the most celebrated advertising campaigns of the year. The awards were announced and presented at the Good Ad
Slide 22: Awards & Accolades
Awards & Accolades Al hiyu A iy lu h w “G l Aw f E i m , H l h & S f y Exc ll c ” h C N i l EHS Exc ll c Awards 2025, organised by Confederation of Indian Industry. The award was presented to the company on 19th May 2026. Investor Update | 1QFY27
Slide 23: Awards & Accolades
Awards & Accolades RR Nagar won the “B K iz Aw ” h l h g w f J y hi u m i h b w wi h “Shrama Sh k i Aw ” by h D m f “M ximum Numb f K iz T m P ici i O g i i ”, h Labour, Factories, Boilers of Government of Andhra Pradesh, which was presented by Kaizen Mela organised by Quality Circle Forum of India
Slide 24: Awards & Accolades
Awards & Accolades Ariyalur Unit had won 14 awards at the Mines Safety Week Celebrations, organised by Tamil Nadu Mines Safety Association Investor Update | 1QFY27
Slide 25: Awards & Accolades
Awards & Accolades Ariyalur Unit had won Apex India Safety Leadership Award 2025 & Platinum Award for J y hi u m u i h b w wi h “B i Afforestation and Safety Culture from Apex India Foundation, for its Safety Leadership S f y Aw 0 6” f m A h P hS Di Excellence, Environmental Excellence and Practices
Slide 26: Disclaimer
Disclaimer This communication, except for the historical information, may contain statements which reflect the Management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ