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JK Lakshmi Cement (500380) investor relations material
JK Lakshmi Cement Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Cement demand and sales volume grew 8% year-over-year, with Q1 FY'27 sales at 38.96 lakh tons and revenue rising to ₹1,905 crore, but profitability declined as PAT fell 30% year-over-year to ₹106.77 crore.
Realization improved 9% sequentially, driven by higher non-trade prices, geo-mix optimization, and reduced lead distance by 20 km.
Sustainability focus continued, with renewable power comprising 49% of the power mix.
Non-cement revenue for the quarter was INR 185 crore, with a projected full-year figure of INR 800+ crore.
Financial highlights
Standalone EBITDA for Q1FY27 was Rs. 273.77 crores, down from Rs. 335.49 crores in Q1FY26, and EBITDA per ton declined 23% year-over-year to ₹719.
Fuel cost per kilocalorie increased from INR 1.54 to INR 1.65 sequentially, with further increases expected in Q2.
Packing cost rose from INR 134 crore to INR 145 crore, impacting per-bag cost by INR 3.5-4.
Net sales reached ₹1,905 crore, up 9% year-over-year and flat quarter-over-quarter.
EPS for the quarter was Rs. 8.60, down from Rs. 12.22 in Q1FY26.
Outlook and guidance
CapEx guidance: INR 1,500 crore for FY 2027, INR 2,000 crore for FY 2028, and INR 1,500 crore for FY 2029, excluding land acquisition for Kutch and Nagaur.
Installed and operational capacity expected to reach 18 million tons by year-end, with a target of 30 million tons by FY 2030.
Demand is expected to remain strong, supported by infrastructure spending and institutional projects.
Net debt to EBITDA ratio to be maintained below 2.5x-2.75x.
- Strong FY26 growth, major expansions, and ambitious ESG targets drive future outlook.500380
Corporate presentation - 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
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