JK Lakshmi Cement Ltd reported a 28.7% year-on-year decline in consolidated net profit for Q4 FY26, falling to ₹125.06 crore compared with ₹175.35 crore in the corresponding quarter last year. According to the latest regulatory filing, revenue from operations showed only a marginal increase of 0.2% to ₹1,901.53 crore from ₹1,897.62 crore a year ago. The company attributed the profit decline primarily to higher operational expenses during the quarter, with total expenses rising 5% to ₹1,752.32 crore in Q4 FY26. Total income, which includes other income, was up 1.4% to ₹1,939.77 crore for the quarter.
Total expenses increased significantly to ₹1,752.32 crore in Q4 FY26 from ₹1,667.41 crore in the year-ago quarter, as reported by the latest regulatory filing. Transport, clearing and forwarding charges rose to ₹419.62 crore from ₹390.84 crore, while finance costs increased to ₹53.19 crore from ₹44.37 crore. These higher operational costs contributed to the overall decline in profitability despite revenue growth. The company's sales volume showed positive momentum with an 8.3% increase to 3.89 million tonnes in Q4 FY26, indicating strong operational performance despite profit challenges.
The company has received a Letter of Intent (LOI) from the Andhra Pradesh government for limestone mining at Dommarnandyala Block-3 in YSR Kadapa district, covering 1,188 hectares. As reported by CNBC TV18, this follows the company's earlier status as preferred bidder declared on March 19, 2026. Additionally, JK Cement has been declared the preferred bidder for the Itauri-Jharkua Limestone Block in Madhya Pradesh and the Maliyakheri Limestone Block-I in Rajasthan. The company paid an upfront amount of ₹12.32 crore for the Assam limestone blocks subsequent to the financial year-end.
For the entire FY26, JK Lakshmi Cement delivered strong annual performance with net profit surging 49.52% to ₹412.61 crore compared to ₹275.95 crore in the previous year. Total consolidated income for FY26 increased 10.2% to ₹6,874.88 crore, demonstrating the company's ability to drive revenue growth despite quarterly challenges. Looking ahead, the company expects geopolitical headwinds in West Asia, rupee depreciation, and supply chain disruptions to moderate government capex, potentially pulling cement demand growth down marginally to 6-7% in FY2026-27. Shares of JK Lakshmi Cement settled at ₹636 on BSE, down 1.42% from the previous close, reflecting investor reaction to the mixed quarterly results.
As reported by CNBC TV18, NECEIVI Cement Limited became a subsidiary of JK Lakshmi Cement with effect from March 27, 2026, following the acquisition of a 77.96% equity stake. The company is setting up a railway siding at its Dug cement plant at a cost of ₹325 crore, funded through debt and internal accruals, with the first phase already completed. Additionally, it is expanding clinker and cement grinding capacities across Chhattisgarh, Uttar Pradesh, Bihar and Jharkhand through a phased ₹3,000 crore capex programme targeted for completion by March 2028.
