JK Cement Limited has informed the Exchange regarding Board meeting held on November 01, 2025.
JKCEMENT · price
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JK Cement's board, meeting on November 1, 2025, approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. Standalone revenue from operations grew 18.6% YoY to Rs 2,858.51 crore in Q2, with PAT jumping more than 4x to Rs 175.78 crore from Rs 40.47 crore a year ago. H1 FY26 standalone revenue rose 19.3% to Rs 6,048.59 crore and PAT more than doubled to Rs 508.26 crore. On a consolidated basis, Q2 PAT was Rs 159.25 crore versus Rs 136.15 crore in Q2 FY25. The board also appointed Mr. Alok Dhir (Chartered Accountant and lawyer with 40+ years in corporate/restructuring law) as Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. The auditor issued an unmodified opinion with an emphasis of matter on ongoing CCI litigation (penalties of Rs 154.92 crore and Rs 9.28 crore). Prior period figures have been restated following the NCLT-sanctioned amalgamation of Toshali Cements with the company from the appointed date of January 1, 2024.
Strong YoY profit growth driven by revenue expansion and lower finance costs, but operating margin compressed to 15.38% in Q2 (from 18.40% YoY and 21.10% QoQ), suggesting cost pressures. The Toshali Cements merger is now effective, which should add capacity (Prayagraj unit expanded to 3 Mn TPA). Pending CCI litigation remains a key overhang, though the company has made no provision citing strong legal grounds.