Ramco Cements Stock Crashes 5% After Disappointing Q3 Results, Market Reacts to Weak Performance

• The Ramco Cements Limited shares fell 5% on Tuesday, February 10, 2026, due to weaker-than-expected December quarter results.
• Average cement prices declined 6% quarter-on-quarter, exceeding the anticipated 4% fall, with significant drops in South and Eastern India.
• Net profit rose to Rs 385.6 crore, primarily driven by Rs 506 crore from non-core asset sales, despite stable EBITDA at Rs 279 crore.
• Higher fuel costs, a weaker rupee, and a new Rs 160 per ton mineral bearing land tax in Tamil Nadu impacted raw material costs.
• The company incurred a CAPEX of Rs 823 crore in 9 months of FY26, with an estimated Rs 1,100 crore for the full year, aiming for 31.14 million tons capacity by March 2027.