Ramco Industries LimitedQ1 FY27 Results & Financial Update

Ramco Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹613.81 Cr, PAT ₹86.59 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: RAMCOINDPublished 17 Oct 2026Updated 17 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹613.81 CrReported Q1 FY27
Profit after tax₹86.59 CrReported Q1 FY27
EPS₹10.00Reported Q1 FY27

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Quarterly Results AnalysisExplore Ramco Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Ramco Industries reported consolidated revenue from operations of Rs. 613.81 crore for the quarter ended June 30, 2026, accompanied by other income of Rs. 4.07 crore to bring total consolidated income to Rs. 617.88 crore.

02

Total consolidated net profit after tax (PAT) reached Rs. 86.59 crore, which includes a robust share of profit after tax from associates amounting to Rs. 7.38 crore.

03

Building products remained the primary operational growth and profit engine, generating consolidated segment revenues of Rs. 556.29 crore and segment results before tax and finance costs of Rs. 96.51 crore.

04

Textile operations contributed Rs. 56.67 crore in segment revenue with a segment result of Rs. 3.43 crore, showing a turnaround compared to the corresponding period in the previous year.

05

Windmill operations provided steady albeit minor contributions, registering Rs. 5.43 crore in revenue and Rs. 3.80 crore in segment results.

06

Consolidated finance costs remained controlled at Rs. 2.71 crore, while depreciation and amortization charges were reported at Rs. 9.56 crore for the quarter.

07

Ramco Industries reported consolidated revenue from operations of INR 613.81 crore for the quarter ended June 30, 2026, alongside total consolidated income of INR 617.88 crore.

01 · Business model

What does Ramco Industries do?

Ramco Industries Limited operates primarily in the building products sector, manufacturing fibre cement sheets, calcium silicate boards, dry walls, and related green roofing and ceiling solutions.

The company's diversified manufacturing and operational footprint also spans textile segments and wind power generation assets.

Geographically, operations encompass domestic plants as well as international subsidiaries located in Sri Lanka.

The enterprise model integrates primary industrial manufacturing with strategic investments and associates across cement, systems, and spinning sectors.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹613.81 Cr
Total income₹617.88 Cr
Profit before tax₹105.74 Cr
Profit after tax₹86.59 Cr
EPS₹10.00

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Building Products Segment

Building products delivered Rs. 556.29 crore in revenue out of total consolidated operations, acting as the dominant revenue driver.

Textiles Segment

Textiles contributed Rs. 56.67 crore to segment revenues, supported by improved segment profitability.

Windmills

Power generation from windmills added Rs. 5.43 crore in segment revenue.

Building Products Segment

Building products generated consolidated revenue of INR 556.29 crore out of total segment revenues before inter-segment eliminations of INR 627.23 crore.

Textiles and Windmill Contributions

Textile operations contributed INR 56.67 crore, while windmill power generation added INR 5.43 crore to the consolidated top line.

What drove margins

Cost of Materials and Inventory

Cost of materials consumed was reported at Rs. 262.33 crore, alongside changes in inventories of finished goods and work-in-progress of Rs. 50.46 crore.

Employee Benefits and Expenses

Employee benefit expenses stood at Rs. 50.87 crore, while other expenses aggregated to Rs. 134.41 crore.

Operating Margin Expansion

Consolidated operating margin, calculated as operating profit before tax divided by income from operations, stood at 16%.

Cost Structure

Cost of materials consumed stood at INR 262.33 crore, and employee benefits expenses were recorded at INR 50.87 crore.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Building Products

Segment assets for building products reached Rs. 1,072.41 crore with liabilities at Rs. 188.63 crore and a segment result of Rs. 96.51 crore.

Textiles

Textile segment assets stood at Rs. 232.15 crore against segment liabilities of Rs. 21.49 crore, generating a segment result of Rs. 3.43 crore.

Windmills

Windmill segment assets were reported at Rs. 9.38 crore with segment liabilities at Rs. 2.37 crore and a segment result of Rs. 3.80 crore.

Building Products Performance

The building products segment delivered segment results (profit before tax and finance cost) of INR 96.51 crore, reflecting strong operational demand.

Textile and Windmill Segments

Textiles posted segment results of INR 3.43 crore, while windmills contributed INR 3.80 crore in pre-finance-cost profit.

05 · Strategy & new businesses

How the company is trying to change its growth mix

Associates and Strategic Investments

The company's consolidated results include equity-accounted shares of profit from major associates including The Ramco Cements Limited, Ramco Systems Limited, Rajapalayam Mills Limited, and Ramco Industrial and Technology Services Limited.

06 · Reported developments

What changed operationally

Exceptional Gain

The company recorded an exceptional gain of Rs. 8.78 crore during the quarter arising from the profit on the sale of land.

Textile Segment Turnaround

The textile segment returned to profitability with a positive segment result of Rs. 3.43 crore compared to a loss of Rs. 0.48 crore in the corresponding period of the previous year.

Exceptional Gain from Land Sale

The company disclosed a profit of INR 8.78 crore on the sale of land under exceptional items for the current quarter.

Associate Profit Contributions

Consolidated associates contributed INR 7.38 crore in share of profit after tax during the quarter.

07 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Debt-Equity Ratio

The consolidated debt-equity ratio improved to 0.01 as of June 30, 2026.

Coverage Ratios

The consolidated debt service coverage ratio was reported at 27.49 times and the interest service coverage ratio stood at 40.31 times.

Debt-Equity Ratio

The consolidated debt-equity ratio improved to 0.03 as of June 30, 2026, reflecting conservative financial leverage.

Interest Service Coverage

The consolidated interest service coverage ratio stood at a robust 40.31 times for the quarter.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

Statutory auditors issued an unmodified review opinion on both standalone and consolidated unaudited financial results for Q1 FY27.

Reported update

Auditor Review

Statutory auditors issued an unmodified review report on both standalone and consolidated financial results for the quarter.

09 · Key Q&A

The quarter, answered directly

What does Ramco Industries do?

Ramco Industries Limited operates primarily in the building products sector, manufacturing fibre cement sheets, calcium silicate boards, dry walls, and related green roofing and ceiling solutions.

What is the clearest takeaway from Q1 FY27?

Ramco Industries reported consolidated revenue from operations of Rs. 613.81 crore for the quarter ended June 30, 2026, accompanied by other income of Rs. 4.07 crore to bring total consolidated income to Rs. 617.88 crore.

What drove revenue or demand?

Building products delivered Rs. 556.29 crore in revenue out of total consolidated operations, acting as the dominant revenue driver.

What mattered most for margins or profitability?

Cost of materials consumed was reported at Rs. 262.33 crore, alongside changes in inventories of finished goods and work-in-progress of Rs. 50.46 crore.

What changed operationally beyond the headline numbers?

The company's consolidated results include equity-accounted shares of profit from major associates including The Ramco Cements Limited, Ramco Systems Limited, Rajapalayam Mills Limited, and Ramco Industrial and Technology Services Limited.

What should the next disclosure help confirm?

Monitor the sequential sustainability of margins and profitability in the building products and textile segments.

10 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Segment Performance Trajectory: Monitor the sequential sustainability of margins and profitability in the building products and textile segments.

  2. 02

    Associate Contributions: Track the ongoing earnings contributions from equity-accounted associates such as The Ramco Cements Limited and Ramco Systems Limited.

  3. 03

    Demand Trajectory: Monitor demand sustainability across building products and roofing segments through upcoming quarters.

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