JK Lakshmi Cement (500380) Q1 25/26 earnings summary

Executive summary

• Net profit for Q1 FY26 surged 169% year-over-year to ₹151.67 crore, driven by higher sales volume, improved product and market mix, and operational synergies from the Udaipur Cement merger.

• Cement sales volume for Q1 FY26 increased 10% year-over-year to 33.26 lakh tons, though volumes declined 8% sequentially from Q4 FY25.

• Revenue for Q1 FY26 rose 11% year-over-year to ₹1,741 crore, but fell 8% quarter-over-quarter.

• EBITDA for Q1 FY26 increased 39% year-over-year to ₹335.49 crore, but declined 11% sequentially.

• The Composite Scheme of Arrangement, merging three subsidiaries, became effective July 31, 2025, with financials restated from April 1, 2024.

Financial highlights

• Standalone revenue from operations for Q1 FY26 was ₹1,740.93 crore, up from ₹1,563.88 crore in Q1 FY25.

• Standalone EBITDA for Q1 FY26 reached ₹335.49 crore, up from ₹236.66 crore year-over-year.

• Standalone PAT for Q1 FY26 was ₹151.67 crore, compared to ₹56.37 crore in Q1 FY25.

• EBITDA per ton for Q1 FY26 was ₹936, up 26% year-over-year.

• Sales realisation per ton decreased 5% year-over-year to ₹4,617.

Outlook and guidance

• Cement sector outlook for FY26 is positive, with projected volume growth of 6% driven by infrastructure and housing demand.

• Expects to outperform industry volume growth for the full year.

• Premium cement sales targeted to reach 27% of trade sales by year-end.

• Cost savings of INR 100-120 per ton expected over the next 12-24 months through renewable energy, TSR/AFR, digital, and supply chain initiatives.

• Price recovery is anticipated, reversing previous stagnation.