JK Cement revenue jumps 23.65% to 3,733.42 crore rupees in second quarter
Key Facts
JK Cement reported unaudited results for the second quarter and first half of its 2026-2027 financial year, ended September 30, 2026, beating analyst estimates for revenue and profit, according to a company disclosure published on October 24. Revenue from operations rose 23.65% year on year to 3,733.42 crore rupees, compared with 3,019.20 crore rupees in the September 2025 quarter, according to a Business Standard report citing Press Trust of India. But revenue growth did not translate into a comparable increase in profit, as total expenses rose faster, by 24.34%, to 3,515.71 crore rupees. The company said volume growth supported earnings despite cost pressures, while expenses that constrained profitability included energy, fuel, raw materials and freight. The disclosure said the auditors issued an unmodified conclusion on the results.
Grey cement sales posted stronger growth than revenue, with volume rising 21% to 5.37 million tonnes in the second quarter, while white cement volume increased 13% to 0.49 million tonnes, according to a Business Standard report citing Press Trust of India. In its investor presentation, the company linked the increase in profit to higher volumes, describing growth as "strong volumes and higher profitability despite cost pressures." This puts higher volumes at the heart of the explanation for the quarter's performance, while total expenses continued to rise faster than revenue. The differing growth rates for grey and white cement also show that the increase covered both products, though volume growth varied between them. The source did not attribute the result to operational efficiency offsetting higher costs.
In the paints segment, the board approved a new plant in Telangana with estimated capital expenditure of 130 crore rupees, to be funded within a 600 crore rupee investment in the paints business previously approved by the board, according to a company disclosure. The project adds new capacity to the paints business, while the construction start date is needed to estimate when the investment will begin operating. The company said its existing JK Max plant in Bhiwadi, Rajasthan, has annual capacity of 73,000 kilolitres and operates at 60% utilisation. The company expects the existing Bhiwadi facility to reach full utilisation by financial year 2027-2028. This places the new project alongside a facility that still has room to increase utilisation under the timeline announced by the company.
In the first trading session after the results announcement, JK Cement shares rose 1.67% on October 26, according to Strata data. The move followed the announcement, in which revenue and profit beat analyst estimates, while total expenses rose faster than revenue. The company set out plans to announce its third-quarter results for financial year 2026-2027 within 45 days of the quarter ended in December 2026. The upcoming results are scheduled to cover the quarter ended in December, according to the calendar published on the company's website. This provides a specific date window for tracking the development of volumes and expenses after the quarter ended in September.