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Earnings Call Transcript

JK Cement Earnings Call Transcript: Key Takeaways

JK Cement Q1 FY27 standalone revenue grew 23% YoY to ₹3,786 Cr, though EBITDA margins contracted to 16.9% due to higher fuel costs and maintenance expenses.

Highlights
Revenue growthStandalone up 23% YoY; Consolidated up 22% YoY.
MarginsStandalone EBITDA margin 16.9% vs 21.9% YoY; peak costs seen in Q2.
Demand visibilitySupportive demand environment expected to continue.
Management confidenceHigh on capacity expansion and market share gains in Central India.

Growth

Grey cement volume grew 19% YoY; White cement grew 11%. Combined volume up 18% YoY.

Outlook

Targeting 40MT capacity by FY28 and 50MT by FY30. Planned ₹3,500 Cr capex for FY27.

Risks

Rising fuel and diesel costs expected to increase Q2 costs by ₹150 per ton; geopolitical shipping restrictions.

Last quarter's promises, checked

Delivered

  • Guided FY27 gray cement growth double-digit → delivered 19% YoY (= BEAT)
  • Guided paint business breakeven in FY27 → delivered breakeven in Q1 (= BEAT)
  • Guided 6 lakh ton Wall Putty plant at Nathdwara → delivered 0.6 MTPA unit setup (= BEAT)

Partly delivered

  • Guided ₹3,500-4,000 Cr FY27 capex → delivered ₹3,500 Cr planned (= PARTIAL)

Missed

  • Guided FY26 EBITDA margin 18.5% → delivered Q1 FY27 margin 16.9% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: JKCEMENT. Summary written with AI assistance from the document.

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JK Cement Ltd: key numbers

Share price
₹5,000.00
Market cap
₹38,634 Cr
Revenue (annual)
₹13,722 Cr
Net profit (annual)
₹992.5 Cr
P/E (TTM)
40.9×Sector 33.0×
Promoter holding
45.66%+0.00% QoQ
FII holding
16.85%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:12 IST BSE
Debt & Borrowing

JK Cement Debt & Borrowing: ₹14.3 Cr

J.K. Cement Limited successfully paid Rs. 14.30 Crore as interest and principal redemption for its NCDs (ISIN INE823G07219), ensuring timely debt servicing.

Value
₹14.30 Cr