JK Cement reported mixed Q4 FY26 results with consolidated net profit declining 8% to ₹331 crore from ₹361 crore in the corresponding period last year, according to the latest exchange filing. Revenue from operations showed resilience with 8.5% year-on-year growth to ₹3,887.5 crore compared with ₹3,581.2 crore a year ago, supported by higher grey cement volumes and improved realisations. However, EBITDA declined 10.8% to ₹682.7 crore from ₹765 crore, while EBITDA margin contracted sharply to 17.6% from 21.4% in the year-ago quarter. The company's performance reflects the challenging operating environment despite revenue growth momentum.
The company demonstrated strong sequential operational momentum during Q4 FY26, as reported by Business Standard. Grey cement sales volume grew 15% quarter-on-quarter, while white cement and wall putty volumes rose 8%. JK Cement achieved EBITDA of ₹670 crore during the quarter compared with ₹536 crore in Q3FY26, and net profit nearly doubled sequentially to ₹345 crore from ₹181 crore. Net sales realisation improved to ₹4,841 per tonne from ₹4,724 per tonne in Q3FY26, aided by better pricing and product mix, while trade mix rose to 68% from 60% sequentially.
According to Business Standard, the company commissioned 6 million tonnes per annum (MTPA) of grey cement capacity during FY26, including a 3 MTPA split grinding unit at Buxar in Bihar and additional capacity expansions at Panna, Hamirpur and Muddapur. The board recommended a final dividend of ₹20 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting. Ahead of the earnings announcement, shares of JK Cement closed largely flat at ₹5,557.50 on the NSE on Friday, showing a 0.20% uptick compared to the NSE Nifty 50's 0.27% gain.
For the full year FY26, Business Standard reports that net profit rose 15.26% to ₹992.49 crore compared with ₹861.12 crore in the previous year, while sales increased 15.52% to ₹13,722.30 crore from ₹11,879.15 crore. As reported by Business Standard, grey cement witnessed double-digit volume growth driven by stronger demand and an expanded footprint in the central and eastern markets. However, white cement operations were impacted by weaker volumes in the UAE amid disruptions linked to the ongoing US-Iran conflict. Management noted that the margin pressure was primarily attributed to operational challenges rather than pricing issues, with the company maintaining its focus on capacity expansion and market penetration strategies.
