JK Cement Ltd , a leading cement manufacturer in India, has reported a significant increase in its financial performance for the first quarter, along with notable operational expansions.

Strong Financial Performance

The company announced a robust 78% year-over-year increase in net profit, reaching ₹3.20 billion for the quarter ended June 30. This substantial growth compares favorably to the ₹1.80 billion reported in the same period last year.

Revenue also saw a healthy uptick, rising to ₹33.00 billion from ₹28.00 billion in the corresponding quarter of the previous year, marking an 18% increase.

Operational Highlights

JK Cement's board meeting, held on July 19, revealed several key operational developments:

1. Capacity Expansion: The company has successfully increased its cement grinding capacity at JK Cement Works, Ujjain. Through debottlenecking and efficiency enhancement initiatives, the unit's capacity has been boosted by 0.5 Million Tonnes Per Annum (MTPA), bringing its total capacity to 2 MTPA.

2. Overall Production Capacity: With this expansion, JK Cement's total grey cement production capacity now stands at an impressive 25.26 MTPA, including 1.06 MTPA from its two subsidiary companies.

3. New Project Approval: The board has approved the establishment of a new 0.6 MTPA White Cement based Wall Putty plant near Nathdwara, in Rajasthan's Rajasmand district. The total investment for this expansion is estimated at ₹195 crore.

Corporate Governance

The company also addressed several corporate governance matters during its 31st Annual General Meeting (AGM) held on July 18:

• The AGM approved the reappointment of Mr. Paul Heinz Hugentobler as a director, despite his age of about 76 years.
• Shareholders ratified the appointment of M/s. Sanjay Grover & Associates as the Secretarial Auditor for a five-year term from April 1, 2025, to March 31, 2030.
• The remuneration of M/s. K.G. Goyal & Company as Cost Auditors for the financial year ending March 31, 2026, was also approved.

Dividend Declaration

JK Cement confirmed a final dividend of ₹15 per equity share (150%) for the previous financial year, further rewarding its shareholders.

The company's strong financial results, coupled with its strategic capacity expansions, signal JK Cement's commitment to growth and its ability to capitalize on the increasing demand in the Indian cement market. The approval of new projects and capacity enhancements indicate the company's proactive approach to maintaining its competitive edge in the industry.

JK Cement , a prominent player in the Indian cement industry, has made a significant announcement regarding its dividend payout. The company's board has declared a final dividend of ₹15 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Dividend Details

Key Points

1. Shareholder Approval: The proposed dividend is contingent upon receiving approval from shareholders at the forthcoming AGM.

2. Record Date: Shareholders who own JK Cement shares as of July 8, 2025, will be eligible to receive the dividend.

3. Book Closure: The company has announced a book closure period from July 9 to July 18, 2025, during which time the register of members will be closed for the purpose of dividend distribution.

This dividend declaration reflects JK Cement's commitment to delivering value to its shareholders. The ₹15 per share payout represents the company's financial performance and its policy of sharing profits with investors.

Investors and shareholders should mark their calendars for the important dates mentioned above to ensure they don't miss out on this dividend opportunity. As always, it's advisable for shareholders to consult with their financial advisors regarding the tax implications of dividend income.

JK Cement continues to be a significant entity in the cement sector, and this dividend announcement is likely to be of interest to both current shareholders and potential investors monitoring the company's financial decisions.