J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q3 FY2026 Earnings Presentation
30 slides from J.k. Cement's earnings presentation, Jan 17, 2026
Slide 1: Exchange filing cover letter
JKCL/BSE-35/NSE-47/2025-26(BM-1/26) January 17, 2026 BSE Ltd. National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai-400001 Bandra (E), Mumbai-400051 Through : BSE Listing Centre Through : NEAPS Scrip Code: 532644 Scrip Code
Slide 2: Investor Presentation Q3FY26
Investor Presentation Q3FY26
Slide 3: Agenda
Agenda ESG & CSR Performance Company Overview Q3 FY26 Performance
Slide 4: ESG & CSR Performance
ey Kc etre teeny taee ee) yammmrs
Slide 5: Key ESG Metrics and Sustainability Goals
Key ESG Metrics and Sustainability Goals CO2 Emission Green Power Mix Thermal Substitution Rate Water Positivity (kg/ton of cementitious material) (%) (%) (in times) FY25 518 51 11.3 4.7 YTD Dec 25 528 52 11.9 4.7 TARGET FY30 465 75 35 5 Specific Net Scope 1 emission Green Power mix was 19% in TSR w
Slide 6: Social and CSR Expenditure and Social Impact
Social Impact and CSR Outreachs Social and CSR Expenditure Social Impact Contribution for upliftment of society and eradication of poverty of over 8 Lakhs both direct & indirect beneficiaries impacted Contribution to IIT –K for setting up 500 Bed Super Speciality Hospital YTD Dec 2025 Contribution f
Slide 7: Social Impact and CSR Outreach
Fhachar School (3).jpeg Social Impact and CSR Outreach Medical Camp organized in near by area of Mobile Medical Unit in near by villages Vocational Skill Development Workshop Cattle Breeding Programme Plant Award for Outstanding CSR Performance Solar Light Installation Construction of Toilet at Prim
Slide 8: Company Overview
025 Fs Company Overview
Slide 9: Company Snapshot
Company Snapshot Paint Portfolio: 28.26 MTPA 3.05 MTPA 77.50 MW Growing boundaries for Paints Business Grey Cement Capacity White Cement and Wall Putty Coal Based Captive (Includes 0.42 MTPA Capacity (Includes 0.60 MTPA in Power Capacity in Subsidiary) Subsidiary) 253.74 MW 82.3 MW 171.44 MW Green P
Slide 10: Panna expansion: clinker line and cement capacity
Panna ❑ 3.3 MTPA Grey Clinker Production Line Commissioned on 3rd Dec’25 - Work relating to WHRS & OLBC is likely to complete shortly ❑ 3 MTPA Cement Capacity at Panna, Hamirpur & Prayagraj (1 MTPA at each location) - Panna – Commissioned on 16th Jan’26 . - Prayagraj – Commissioned on 25th Oct 25 -
Slide 11: 3 MTPA Split Grinding Unit at Bihar
Additive Shed & Clinker Silo Hopper Building & Belt Conveyor 3 MTPA Split Grinding Unit at Bihar - Construction work is going on as per schedule - Expenditure YTD Dec 2025 - ₹ 428 Cr Note: Schedule Commissioning – Q4FY26 10
Slide 12: Expansion project: construction progress and cost
Raw Mill Silo Pre Heater Cement Silo • Ordering completed • Construction work progressing • Project Cost –₹ 3630 crores • Expenditure YTD Dec’25 –₹ 484 crores • Schedule Commissioning –H1FY28 11
Slide 13: Expansion project: construction progress and cost
Crusher & BRU Hopper Building • Ordering Completed • Construction work progressing • Project Cost –₹ 195 crores • Expenditure YTD Dec’25–₹ 45 crores • Schedule Commissioning –Q2FY27. 12
Slide 14: Business Performance Highlights
Business Performance Highlights: (Standalone) Q3FY26 22% YOY 12% YOY White Cement & Wall Putty Grey Cement Sales volume growth Sales volume growth Achieved EBIDTA of EBIDTA per tonne Rs 928 Rs 536 crore (Vs Rs 1022 in Q3FY25) (Rs 486 crores in Q3FY25 ) Achieved Net Profit of Rs 181 crores (Rs 200 cr
Slide 15: Q3 FY26 Performance
Q3 FY26 Performance
Slide 16: Grey Cement (standalone)
Grey Cement (standalone) Capacity Blended Cement Volumes Net Sales Trade Mix Utilisation Realisation Cement- 83% 64% 5.32 Million Tons ₹4,724 per ton 60% 3% Lower (QOQ) due Vs 4.43 Million Tons in Vs ₹ 4,847 per ton in Vs 67% in Q2FY26 Clinker - 97% to lower trade sales Q2FY26 Q2FY26 Lower due to Pr
Slide 17: Quarterly sales volumes: grey and white
(in Lakh Tons) ⬆︎ QoQ ⬆︎ YoY ⬆︎ QoQ ⬆ YoY ⬆ QoQ ⬆ YoY 6.5 0.4 0.2 5.7 5.6 0.0 1.9 53.5 53.2 1.6 1.2 44.3 43.5 44.6 43.5 4.1 4.4 4.6 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Standalone Subsidiary Q3 FY25 Q2 FY26 Q3 FY26 Standalone Subsidiary Grey White Double digit volume growth due to robust
Slide 18: Nine-month sales volumes
Volume (in Lakh Tons) ⬆︎ YoY ⬆ YoY ⬆ YoY 17.6 16.2 0.81 0.00 4.4 4.2 148.9 125.5 148.1 13.2 125.5 12.0 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 Standalone Subsidiary Standalone Subsidiary Grey White Double digit volume growth in Grey Cement due to extended footprint 17
Slide 19: Net sales and EBITDA (standalone)
Quarterly/Nine Months Ended Particulars (in ₹ Cr) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9MFY26 9MFY25 YOY Grey Net Sales 2511 2149 17% ⬆︎ 2068 22% ⬆︎ 7160 5917 21%⬆︎ White Net Sales 535 524 2% ⬆︎ 496 8% ⬆︎ 1553 1470 6%⬆︎ Total Net Sales 3046 2673 14% ⬆︎ 2564 19% ⬆︎ 8713 7387 18%⬆︎ 1648 1232 34%⬆︎ Combined
Slide 20: Net sales and EBITDA (consolidated)
Quarterly/ Nine Months Ended Particulars (in ₹ Cr) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9MFY26 9MFY25 YOY Grey Net Sales 2531 2161 17% ⬆︎ 2068 22% ⬆︎ 7195 5917 22%⬆︎ White Net Sales 852 779 9% ⬆︎ 751 14% ⬆︎ 2370 2111 12%⬆︎ Total Net Sales 3383 2940 15% ⬆︎ 2819 20% ⬆︎ 9565 8028 19%⬆︎ Combined EBITDA 558 4
Slide 21: Pet coke prices
($/MT) 120.2 118.0 118.0 117.0 117.0 115.8 112.2 110.0 109.0 107.8 106.6 102.4 101.5 97.1 93.6 May-25 Apr-25 Oct-24 Oct-25 Dec-24 Jan-25 Dec-25 Feb-25 Mar-25 Jun-25 Sep-25 Aug-25 Nov-24 Jul-25 Nov-25 Pet Coke prices are stable 20
Slide 22: Cost Trend (Grey standalone): fuel
Cost Trend (Grey standalone) (quarterly) (₹/K. Cal) (₹/MT) ⬇ QoQ ⬆︎ YoY 1.56 791 745 764 1.50 1.50 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Lower due to change in mix (QOQ) 21
Slide 23: Cost Trend (Grey standalone): logistics
Cost Trend (Grey standalone) (quarterly) (Kms) (₹/MT) 2% ⬆︎ QoQ ⬆︎ YoY 431 422 421 1,257 1,264 1,234 Q3 FY25 Q2 FY26 Q2 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Logistic cost is higher due change in mix of road dispatches & withdrawal of lean period discount by Railways 22
Slide 24: Cost Trend (standalone)
Cost Trend (standalone) (quarterly) (₹/MT) (₹/MT) ⬇ ⬇ ⬇ ⬇ QoQ YoY QoQ YoY 1,112 459 972 433 862 396 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 QOQ –Lower due to operating leverage QOQ -Lower Maintenance and operating leverage 23
Slide 25: Standalone profit and loss
Quarterly/Nine Months Ended Particulars (in ₹ Cr) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9MFY26 9MFY25 YOY Net Sales 3,132 2,754 14% ⬆ 2,630 19% ⬆ 8,955 7,542 19% ⬆ Revenue from Operations 3,213 2,859 12%⬆ 2,739 17% ⬆ 9,261 7,809 19% ⬆ Operating Expenses 2,677 2,419 11%⬇ 2,253 19% ⬇ 7,613 6,577 16% ⬇ EBITD
Slide 26: Consolidated profit and loss
Quarterly/Nine Months Ended Particulars (in ₹ Cr) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9MFY26 9MFY25 YOY Net Sales 3,383 2,940 15%⬆︎ 2,819 20%⬆ 9,565 8,028 19% ⬆ Revenue from Operations 3,463 3,019 15% ⬆ 2,930 18%⬆ 9,835 8,298 19% ⬆ Operating Expenses 2,905 2,573 13% ⬇ 2,438 19%⬇ 8,142 7,036 16%⬇ EBITDA
Slide 27: Balance sheet figures
(₹ Cr) (₹ Cr) (₹ Cr) 5,255 5,103 2,553 3,358 1,897 2,551 FY25 31st Dec25 FY25 31st Dec 25 FY25 31 st Dec 25 26
Slide 28: Debt and leverage figures
(₹ Cr) 6,614 1.41 6,044 1.30 0.51 0.42 FY25 31st Dec 25 FY25 31st Dec 25 FY25 31st Dec 25 27
Slide 29: Awards & Accolades
Awards & Accolades Persons of the Year Award from India Cement Review Wealth Creator Award from India Cement Review Pravasi Rajasthani Award by Rajasthan CM Excellence in Family Business Award from Hurun India 28
Slide 30: Thank you
Thank you