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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..