JK Lakshmi Cement Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2026, recommended Dividend of Rs. 6.5 per equity share of Rs. 5 each.
JKLAKSHMI · price
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JK Lakshmi Cement reported strong FY2026 results with standalone net sales of Rs. 6,762.63 crores (up 9.2% YoY) and PAT of Rs. 430.34 crores (up 52.2% YoY from Rs. 282.72 crores). The Board recommended dividend of Rs. 6.50 per share (130%) subject to shareholder approval. Key exceptional items include derecognition of Rs. 325 crore investment due to MDO contract cancellation by AMDCL, with the company pursuing legal recovery of Rs. 130 crore. NECEM Cement became a subsidiary in March 2026. The company expanded capacity with a Rs. 3,000 crore capex plan including new clinker and grinding units targeting 30 MTPA capacity by 2030. Auditors issued unmodified opinions on both standalone and consolidated results.
The 52% PAT growth reflects strong operational performance and margin improvement. The MDO contract dispute poses contingent liability risk though management remains confident of recovery. The dividend offer provides immediate shareholder return while the ambitious capex plan positions the company for future growth.