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JK Lakshmi Cement (500380) investor relations material
JK Lakshmi Cement Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Monsoon disruption, planned shutdowns, weak seasonal demand and fuel inflation pressured Q2 profitability; revenue rose 6% YoY to ₹1,616.92 crore, while PAT fell 75% to ₹20.88 crore.
H2 demand and pricing are expected to improve; expansion continues with leverage discipline, targeting industry-matched volume growth.
Financial highlights
Q2 FY27 standalone revenue was ₹1,616.92 crore vs ₹1,531.77 crore YoY; EBITDA was ₹164.49 crore vs ₹232.86 crore, PBT ₹29.02 crore vs ₹104.97 crore, and PAT ₹20.88 crore vs ₹82.33 crore.
Sales volume was 29.83 lakh tonnes, up 5% YoY and down 17% QoQ; H1 volume rose to 65.81 lakh tonnes from 61.69 lakh tonnes.
Q2 fuel cost rose to ₹1.82 per 1,000 kcal from ₹1.54; blended power cost was ₹6.24/unit versus ₹5.52 in Q1.
Non-cement revenue was ₹183 crore, including ₹86 crore from RMC and ~₹70 crore from AAC; blended margin was 5%.
Outlook and guidance
Management expects H2 volume growth to match industry growth of 7%–8%; FY27 cement demand is estimated to grow ~8%.
October prices rose ~₹10 on average versus Q2; management expects another ~₹10 in November and ₹10–₹15 in December, subject to demand.
Fuel cost outlook is ~₹2 per 1,000 kcal in Q3 and ₹2.15–₹2.20 in Q4 if current conditions persist; Q4 remains uncertain.
Management sees EBITDA/ton returning to ₹700+ as pricing momentum continues; premium-product share is expected at 27%–28%, with an effort to reach 30%.
- Q1FY25 net profit jumped 109% YoY as expansion and merger plans advanced despite weak realizations.500380
Q1 24/25 - Q2FY25 profit and volumes fell sharply, but core market share and expansion projects remain strong.500380
Q2 24/25 - Improved demand and pricing, but Q3 FY25 profit fell sharply; growth initiatives continue.500380
Q3 24/25 - FY26 targets 10% volume growth, stable prices, cost reduction, and major capex plans.500380
Q4 24/25 - Q1 FY26 net profit rose 169% YoY to ₹151.67 crore, with strong volume and margin gains.500380
Q1 25/26 - Q2 FY'26 profit surged on higher sales and efficiency, with major expansions and positive outlook.500380
Q2 25/26 - Q3 FY26 saw strong sales growth but lower profit due to margin pressure and realizations.500380
Q3 25/26 - FY26 profit rose on strong demand and expansion, but margins and realizations declined.500380
Q4 25/26 - Revenue and sales volume up, but profit fell as costs rose; expansion and legal actions continue.500380
Q1 26/27
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