J K Cement reported a standalone net profit of ₹291 crore for the quarter ended June 30, 2026, a decrease from ₹332.48 crore in the corresponding period of the previous year. Revenue from operations rose to ₹3,866.12 crore compared to ₹3,190.08 crore in Q1 FY26. Total income for the quarter stood at ₹3,906.19 crore. Despite the revenue growth, profitability came under pressure as rising expenses weighed on margins, though the company achieved robust volume growth across its grey and white cement segments. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the first quarter on July 18, 2026.

EBITDA and Margin Performance

JK Cement's EBITDA for Q1 FY27 stood at ₹6.4 billion, declining from ₹6.7 billion in the same period last year. The EBITDA margin contracted sharply to 16.5% from 21.10% on a year-on-year basis, reflecting the impact of elevated operating costs during the quarter. The company noted that EBITDA was marginally lower due to abnormally high maintenance activity during the quarter. S.R. Batliboi & Co. LLP, the statutory auditors, conducted a limited review and issued an unmodified opinion on the financial results.

Standalone Financial Performance

Expenses for the quarter totaled ₹3,483.06 crore, up from ₹2,747.91 crore in the prior year quarter. Key expense components included freight and forwarding expenses at ₹878.61 crore and power and fuel costs at ₹644.31 crore. Profit before exceptional items and tax was ₹423.13 crore, while basic and diluted earnings per share stood at ₹37.66.

The following table summarises the standalone financial performance for the quarter:

*Restated figures.

Consolidated Results

On a consolidated basis, JK Cement reported a net profit of ₹274.62 crore for Q1 FY27, down from ₹324.25 crore in Q1 FY26. Revenue from operations increased to ₹4,031.72 crore from ₹3,352.53 crore in the same period last year. Total expenses for the quarter were ₹3,664.82 crore. Profit attributable to equity holders of the company was ₹277.47 crore.

Operational Highlights and Volume Guidance

The company reported strong volume growth in Q1 FY27, driven by its new plant in Central India, where it is gaining market share, while maintaining its position in North and South India. The company reported a grey cement capacity of 32.3 MTPA and a white cement and wall putty capacity of 3.1 MTPA. Capacity utilisation for grey cement stood at 75% and clinker at 76%. Net sales realisation improved to ₹5,065 per tonne compared to ₹4,841 per tonne in Q4 FY26.

JK Cement aims for grey business volumes of 22.5 million to 23 million tons in FY27, targeting double-digit growth. However, the company acknowledged that sustaining Q1's volume growth rate may be challenging due to capacity constraints in North and South India.

The following table summarises key operational metrics and volume outlook:

Expansion Plans and Cost Outlook

JK Cement is progressing towards a 40 million ton capacity target by FY28 and a 50 million ton target by FY30. The Jaisalmer project and Bhatinda grinding unit remain on schedule for commissioning in H1 FY28, while the Rajasthan wall putty expansion is set for Q2 FY27. A 7 MTPA grey cement expansion in North India with a total project cost of ₹3,630 crore is also scheduled for commissioning in H1 FY28. The company has planned a capex of ₹5,000–6,000 crore over the next two years.

On the cost front, the company projects a cost increase of approximately ₹150 per ton for Q2 compared to Q1, with ₹75–100 attributable to fuel and ₹50 from diesel and other increases.

Regulatory Disclosures

The auditors included an emphasis of matter paragraph regarding ongoing litigation with the Competition Commission of India (CCI). The CCI had imposed penalties of ₹128.54 crore and ₹9.28 crore in separate orders dated August 31, 2016, and January 19, 2017, respectively. The company has filed appeals, and interim orders of stay are in place. No provision has been made in the books of account regarding these matters. The company also disclosed compliance with financial covenants for its secured non-convertible debentures. The Debt Service Coverage Ratio stood at 2.33 times, and the Total Outside Liabilities to Tangible Net Worth ratio was 1.60 times as of June 30, 2026.

J K Cement Limited has made the audio recording of its earnings call for the first quarter ended June 30, 2026, available online. The conference call was held on July 20, 2026, to discuss the unaudited financial results for the period. Investors can access the recording on the company's official website to review the management's commentary on operational performance and future outlook.

The disclosure was made in compliance with Regulation 30 and Regulation 46(2)(oa) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transcript of the conference call will be submitted in due course.

Access Details

The intimation was signed by Bhumika Sood, Company Secretary & Compliance Officer, on behalf of J K Cement Limited. The information has been formally communicated to BSE Ltd and National Stock Exchange of India Ltd.