JK Cement Limited has informed the Exchange about Transcript
JKCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JK Cement reported Q1 FY26 net sales of Rs. 3,028 crore, up 19% year-on-year but down 6% sequentially. EBITDA rose 41% YoY to Rs. 674 crore with margin expanding to 22.3% (from 18.7% YoY) and per-ton EBITDA at Rs. 1,247. Grey cement volumes grew 15% YoY led by 50%+ growth in Central India, while North saw a decline. The company completed Ujjain de-bottlenecking, taking grey cement capacity to 25.26 MT, and completed the Saifco acquisition. A 6 MT expansion (Panna, Hamirpur, Prayagraj, Buxar) is on track for commissioning by end-CY25. Management reaffirmed FY26 volume guidance of 20 million tons and capex of ~Rs. 2,000 crore, with cost savings of Rs. 40-50/ton targeted this fiscal. Net debt/EBITDA stood at 1.29x with a stated comfort threshold of 2x. Management targets 50 MT capacity by 2030, 60% green power share by FY26 (75% by 2030), and paint business breakeven by FY27.
Strong YoY margin expansion and confident multi-year capacity roadmap are positive for shareholders, signaling management's growth ambitions. However, sequential decline in sales/EBITDA and management's own caution on Q2 (maintenance shutdowns, higher marketing spend) may keep near-term stock moves muted.