JK Lakshmi Cement has released its investor presentation for the second quarter of the financial year 2027 (Q2 FY27). The document details the company’s operational and financial performance, encompassing economy and industry overview, business snapshot, future growth plans, and detailed financial statements. Key metrics such as volume growth, capacity utilisation, revenue, cost trends, and profitability are presented for the quarter ended September 30, 2026.
JK Lakshmi Cement Presents Q2 FY27 Investor Update
JK Lakshmi Cement has submitted its investor presentation for the quarter and half year ended September 30, 2026. The comprehensive document, released on November 4, 2026, outlines the company’s performance and strategic initiatives. The presentation is available on the company’s website and has been filed with the stock exchanges.
Economy and Industry Overview
The Indian economy is noted as demonstrating resilient growth amidst global headwinds, with Q1 FY27 GDP at 7.8% and projected FY27 GDP (RBI) at 7.1%. Key supporting factors include resilient domestic demand, stronger net exports, and increased Capex. However, concerns to watch include food-led inflation and currency depreciation. The Indian cement industry is experiencing robust demand, with H1 FY27 volume growth at +8-9% and projected FY27 demand around 8%. Capacity utilisation stands at approximately 70%.
Business Snapshot and Future Growth
The company’s product portfolio is showcased, highlighting its range of cement and construction chemicals. Future growth is projected through expansion in grey cement capacity, with a target of 25.1 MTPA by FY30. Expansion projects in Durg (Line II) and Madhubani are in progress, with visual updates provided on their construction status, including the packing plant and multi-compartment silo respectively.
Financial Performance Highlights
For Q2 FY27, JK Lakshmi Cement reported a 17% year-on-year (YoY) decrease in volume, while year-on-year (YoY) volume growth was 5%. Capacity utilisation saw a 14% quarter-on-quarter (QOQ) decrease and a 3% YoY decrease, standing at 62%. Revenue growth in Q2 FY27 was 6% YoY, with a 15% QOQ decrease. Sales realisation per metric tonne (Rs./MT) showed a flat YoY trend with a 1% QOQ increase. Cost trends indicate a rise in fuel cost per K.Cal to ₹1.82 in Q2 FY27, while lead distance decreased to 363 Kms. Power consumption remained stable at 72 Kwh/MT. Profitability experienced a significant decline, with EBIDTA (excluding other income) down 40% QOQ and 26% YoY in Rupees Crore, and down 28% QOQ and 29% YoY per Ton.
Financial Statement Details
The financial statement for Q2 FY27 reveals Net Sales of ₹1,617 Crore, PBIDT of ₹164 Crore, PBDT of ₹113 Crore, PBT of ₹29 Crore, PAT of ₹21 Crore, and EPS of ₹1.68. These figures represent substantial QOQ and YoY decreases. The debt profile indicates a Gross Debt of ₹2,638 Crore and Cash of ₹611 Crore as of September 30, 2026, resulting in a Net Debt of ₹2,027 Crore. The Net Debt to EBIDTA ratio stood at 2.31 and Net Debt to Equity at 0.51 as of the same date.
Sustainability Progress
The company’s sustainability efforts show progress in GHG intensity (603 KGCO2e/ton cementitious), Low Carbon Product (65%), Green power mix (49%), and Water Positive (4.66x). ESG ratings include SES at 69.1, NSE at 66, and Crisil at 58, with CDP ratings of B- for Water and C- for Climate. The company is also focused on a Green Supply Chain with active EVs and is implementing CSR initiatives in health, education, and youth development.
Source: BSE
