Awaiting price reaction for this filing.
The Ramco Cements announced audited FY25 (ended March 31, 2025) results alongside a recommended dividend of Rs. 2 per share on each Re. 1 face value equity share (200%), subject to shareholder approval at the AGM scheduled for August 13, 2025. Standalone revenue from operations fell to Rs. 8,495.10 crore from Rs. 9,349.83 crore last year, but standalone net profit rose to Rs. 417.39 crore (vs Rs. 394.98 crore), aided by exceptional items of Rs. 339.83 crore from sale of investments and surplus land. Consolidated net profit, however, declined sharply to Rs. 272.65 crore from Rs. 359.95 crore. The company flagged a new Tamil Nadu mineral-bearing land tax of Rs. 160/ton effective April 4, 2025, expected to add ~Rs. 200/ton to cement production costs, potentially pressuring future margins.
Modest absolute dividend on a small face value keeps the payout modest; mixed earnings picture (standalone up but consolidated and core revenue down) may limit near-term enthusiasm. The new Tamil Nadu mineral tax is a material headwind that could weigh on margins in FY26.