J.K. Cement Limited (532644) Earnings Call Transcripts

J.K. Cement Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, J.K. Cement Limited reported a 15% increase in net sales to INR 3,614 crores, driven by strong demand and capacity expansions. However, the EBITDA of INR 670 crores was lower by 9% YoY, reflecting rising costs, while profit after tax surged 91% sequentially to INR 345 crores but fell 17% YoY. Management maintained a positive outlook, projecting double-digit volume growth for FY '27 and a CapEx guidance of INR 3,500 to INR 4,000 crores, indicating ongoing investment in capacity expansion despite geopolitical challenges.

Reported metrics

Guidance from management

Management expects double-digit volume growth in FY '27 and has provided a CapEx guidance of INR 3,500 to INR 4,000 crores, indicating a commitment to ongoing expansion despite cost pressures.

What management said

So yes, as far as employee [indiscernible] that the commissioning of the new plant in India which has been done in this year. So earlier the salaries were all capitalized. It has gone into revenue. On account of increased business requirement also, there have been additional manpower requirement. Normal increments also impact is there. And because of the labor code also, whatever is the impact during the year, that...

So around -- see, we feel that around INR 250 crores or so would be the -- there is -- see, what would happen even on this base number, there would be an increment impact of the annual increment with effect from 1st April. So that impact is we have already declared our annual increment, and that impact is around 10%. And there would be, as a business requirement, certain additional power would be required. Even Nat...

What analysts pressed on

Analysts expressed concerns over rising employee expenses and the impact of competitive pressures in Central India on pricing and margins. There were also questions regarding the sustainability of incentive income amid changing GST regulations.

Main topics on the call

• Revenue Growth — Net sales increased by 15% quarter-over-quarter and 11% year-over-year to INR 3,614 crores, with management stating, "The previous year, the turnover was INR 3,261 crores."
• EBITDA Performance — EBITDA for the quarter was INR 670 crores, a 25% increase sequentially but down 9% YoY from INR 736 crores. Management noted, "The EBITDA margins for this quarter was 18.5%".
• Profit After Tax — Profit after tax rose 91% sequentially to INR 345 crores but decreased 17% YoY. The previous year’s figure was INR 412 crores, indicating volatility in earnings.
• Capacity Expansion — Management confirmed the commissioning of a greenfield expansion in Bihar and a capacity increase at Madhapur, stating, "The total 6 million tonne capacity expansion taken up in Central India get commissioned."

Read the full J.K. Cement Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 J.K. Cement Limited earnings call transcripts on record, spanning August 17, 2021 to July 20, 2026. Based on this history, J.K. Cement Limited reports semi-annually. The most recent call on file is dated July 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

532644

Exchange

BSE

Country

IN

Sector

Materials

Industry

Construction Materials

Calls on record

14

First call

August 17, 2021

Most recent

July 20, 2026

Reporting cadence

semi-annually