JK Cement Q1 FY27: Volumes Up, Margins Under Pressure

Mgmt Guided Margin PressureAnalyst Day Multiyear TargetsInvestor Communications View source PDF

JKCEMENT · price

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AI summary

JK Cement's Q1 FY27 revenue rose 21% YoY to Rs 3,866 crore with grey cement volume up 18% at 5.96 MT. However, EBITDA fell 5% YoY to Rs 639 crore and margins shrank from 21.9% to 16.9% due to higher pet coke, diesel and maintenance costs. PAT declined 12% YoY to Rs 291 crore. Net debt rose 15% QoQ to Rs 3,864 crore. Company targets 50 MTPA capacity by FY30 with Rs 5,000-6,000 crore capex over two years.

Likely market impact

Strong volume growth is offset by cost-led margin compression; aggressive capex plan may pressure near-term shareholder returns.