Ramco Cements Sells Rs 240 Million in Non-Core Assets

16 Jul 2025 CW Team

Ramco Cements Ltd has sold non-core assets worth Rs 240 million as part of its ongoing monetisation strategy. The recent disposal includes Rs 197.7 million from divesting equity holdings in other companies and Rs 42.8 million from selling company-owned land.

This transaction, finalised on 11 July 2025 at 11:00 a.m., surpassed the materiality threshold of Rs 157 million. With this move, the total value of non-core assets monetised by the Tamil Nadu-based cement major has now reached Rs 4.84 billion. The company has set a broader target of unlocking Rs 10 billion from such divestments over time.

Despite progress on monetisation, Ramco Cements faced a challenging quarter financially. For the January–March 2025 period, net profit declined by 74.5 per cent year-on-year to Rs 310 million, down from Rs 1.21 billion in the same quarter last year.

Revenue from operations also contracted by 10.5 per cent to Rs 23.92 billion, compared to Rs 26.73 billion a year ago. Operating performance remained under pressure, with EBITDA falling 23 per cent to Rs 3.21 billion from Rs 4.17 billion, while the EBITDA margin narrowed to 13.4 per cent from 15.6 per cent, reflecting a tough business environment.

On the market front, Ramco Cements shares closed at Rs 1,140 on 11 July 2025, up 3.14 per cent for the day. The stock has gained 6.46 per cent over the past month, 29 per cent in the last six months, and is up 43 per cent year-on-year.

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