J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q3 FY2025 Earnings Presentation
32 slides from J.k. Cement's earnings presentation, Jan 25, 2025
Slide 1: Outcome of the Board Meeting - Corporate Investor Presentation Q3 FY2025
JKCL/35/SE/2024-25 (BM-1/25) 25th January, 2025 BSE Ltd. National Stock Exchange of India Ltd., Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai-400051 Dalal Street, Fort, Mumbai-400001 Scrip Code: JKCEMENT (ISIN.INE Scrip Code:53
Slide 2: Investor Presentation Q3FY25
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Slide 3: Agenda
Agenda ESG & CSR Performance Company Overview Q3 FY25 Performance
Slide 4: ESG & CSR Performance
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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) FY24 512 51 16.3 4.5 YTD December 2024 520 50 11 4.5 TARGET FY30 465 75 35 5 Specific Net Scope 1 emission Green Power mix was 19% in
Slide 6: Social Impact and CSR Outreach
Social Impact and CSR Outreach Social and CSR Expenditure Social Impact Contribution for upliftment of society and eradication of poverty over 10.62 Lakhs both direct & indirect beneficiaries Contribution to Gram Vikas Society for community development YTD December 2024 Plantation drive under Adarsh
Slide 7: Social Impact and CSR Outreach
Social Impact and CSR Outreach Health Camp organized at Muddapur Mobile Medical Unit visited nearby Panna Construction of CC Road in Mangrol GuestHouse inaugurated at Ambamata Mandir Life Skill workshop at Gotan Beautification of Park at Hamirpur Aganwadi renovation at Balasinor Adarsh Farm Project
Slide 8: Company Overview
025 Fs Company Overview
Slide 9: Company Snapshot
Company Snapshot Paint Portfolio: 24.34 MTPA 3.05 MTPA 77.50 MW Growing boundaries for Paints Business Grey Cement Capacity White Cement and Wall Putty Coal Based Captive (Includes 0.64 MTPA Capacity (Includes 0.60 MTPA in Power Capacity in Subsidiary) Subsidiary) 184.14 MW 82.3 MW 101.84 MW Green P
Slide 10: Capacity expansion projects at Panna and Bihar
Panna Line-II- RM Bag House , Pre Heater building & Silo Bihar - Bhoomi Pujan 3.3 MTPA Grey Clinker Capacity at Panna 3 MTPA 3 MTPA Cement Capacity at Panna, Hamirpur & Split Grinding Unit at Bihar Prayagraj (1 MTPA at each location) - Bhoomi Pujan - 15th Dec’24 - Construction is progressing as per
Slide 11: Business Performance Highlights: Q3FY25
Business Performance Highlights: Q3FY25 13% QoQ 3% QoQ Grey Cement Sales Volume White Cement & Wall Putty growth despite weak demand Volume growth despite stiff competition in Putty Business Capacity Utilisation Commissioned 11 MW RE Power (Central India) Capacity under Group Captive in 83% current
Slide 12: Q3 FY25 Performance
Q3 FY25 Performance
Slide 13: Grey Cement (standalone)
Grey Cement (standalone) Capacity Blended Cement Volumes Net Sales Trade Mix Utilisation Realisation Cement- 73% 67% 4.30 Million Tons ₹4,757 per ton 66% Vs 70% in Q2FY25 Vs 65% in Q2FY25 Clinker- 85% Vs 3.80 Million Tons in Vs ₹ 4,708 per ton in Q2FY25 Q2FY25 Increased volumes in Premium products L
Slide 14: Quarterly sales volumes
(Quarterly) (in Lakh Tons) ⬆︎ QoQ ⬆︎ YoY ⬆︎ QoQ ⬆ YoY ⬆︎ QoQ ⬆ YoY 5.7 0.5 5.4 0.0 1.4 1.6 5.3 1.3 0.4 43.0 41.5 43.5 41.5 38.4 4.0 4.0 4.1 38.0 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Standalone Subsidiary Standalone Subsidiary Grey White Grey Cement (YOY) – Mid sing
Slide 15: Nine months sales volumes
(Nine Months) (in Lakh Tons) ⬆ YoY ⬇ YoY ⬆ YoY 1.1 0.0 16.2 16.4 4.7 4.2 124.3 121.9 11.7 12.0 125.4 121.9 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 Standalone Subsidiary Standalone Subsidiary Grey White Volume growth is in low single digit due to flat demand growth in H1FY25 14
Slide 16: Quarterly Particulars (in ₹ Cr) Q3 FY25
Quarterly Particulars (in ₹ Cr) Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY Grey Net Sales 2,045 1,789 14% ⬆︎ 2,144 5% ⬇︎ White Net Sales 496 485 2% ⬆︎ 520 5% ⬇︎ Total Net Sales 2,541 2,274 12% ⬆︎ 2,664 5% ⬇︎ Combined EBITDA 490 273 79% ⬆︎ 608 19% ⬇︎ 15
Slide 17: Nine Months Particulars (in ₹ Cr) 9M FY25
Nine Months Particulars (in ₹ Cr) 9M FY25 9M FY24 YoY Grey Net Sales 5,858 6,143 5% ⬇︎ White Net Sales 1,470 1,517 3% ⬇︎ Total Net Sales 7,328 7,660 4% ⬇︎ Combined EBITDA 1,241 1,458 15% ⬇︎ 16
Slide 18: Quarterly Particulars (in ₹ Cr) Q3 FY25
Quarterly Particulars (in ₹ Cr) Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY Grey Net Sales 2,068 1,809 14% ⬆︎ 2,144 4% ⬇︎ White Net Sales 751 681 10% ⬆︎ 699 7% ⬆︎ Total Net Sales 2,819 2,490 13% ⬆︎ 2,843 1% ⬇︎ Combined EBITDA 492 284 73% ⬆︎ 625 21% ⬇︎ 17
Slide 19: Nine Months Ended Particulars (in ₹ Cr) 9M FY25
Nine Months Ended Particulars (in ₹ Cr) 9M FY25 9M FY24 YoY Grey Net Sales 5,917 6,143 4% ⬇︎ White Net Sales 2,111 2,043 3%⬆︎ Total Net Sales 8,028 8,186 2% ⬇︎ Combined EBITDA 1,262 1,500 16% ⬇︎ 18
Slide 20: Pet coke and diesel price trends
($/MT) (₹/Litre) 134.3 129.0 92.70 125.9 116.8 116.7 90.42 90.47 114.0 112.4 111.8 106.5 107.2 107.3 102.7 102.4 97.1 93.6 Dec-23 Apr-24 Dec-24 Dec-23 Apr-24 Dec-24 Mar-24 Oct-23 Oct-24 Oct-23 Oct-24 Feb-24 May-24 Jun-24 Sep-24 Feb-24 May-24 Jun-24 Sep-24 Jan-24 Aug-24 Jan-24 Mar-24 Nov-23 Aug-24 No
Slide 21: Cost Trend (Grey standalone) (quarterly)
Cost Trend (Grey standalone) (quarterly) (₹/K. Cal) (₹/MT) 1.82 1.65 1.50 ⬇ QoQ ⬇ YoY 901 842 745 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Reduction in Pet Coke price (YoY) 20
Slide 22: Cost Trend (Grey standalone) (quarterly)
Cost Trend (Grey standalone) (quarterly) (Kms) (₹/MT) 1% 427 ⬆︎QoQ ⬇YoY 422 419 1,268 1,263 1,245 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Increase in lead due to extended footprint 21
Slide 23: Cost Trend (standalone) (quarterly)
Cost Trend (standalone) (quarterly) (₹/MT) (₹/MT) ⬇ ⬆ ⬇ ⬆ QoQ YoY QoQ YoY 1,151 485 914 965 433 399 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Lower due to operating leverage Lower due to Shutdown in last quarter & operating leverage 22
Slide 24: Quarterly Particulars (in ₹ Cr) Q3 FY25
Quarterly Particulars (in ₹ Cr) Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY Net Sales 2,606 2,322 12% ⬆ 2,690 3% ⬇︎ Revenue from Operations 2,716 2,392 14% ⬆ 2,784 2% ⬇ Operating Expenses 2,227 2,119 5% ⬇ 2,176 3% ⬇ EBITDA 489 273 79% ⬆ 608 20% ⬇ Margins % 18.7% 11.7% 60% ⬆ 22.6% 17% ⬇ Depreciation 125 126 1% ⬆
Slide 25: Nine Months Ended Particulars (in ₹ Cr) 9M FY25
Nine Months Ended Particulars (in ₹ Cr) 9M FY25 9M FY24 YoY Net Sales 7483 7707 3% ⬇︎ Revenue from Operations 7751 7979 3% ⬇︎ Operating Expenses 6510 6522 0% ⬆ EBITDA 1241 1458 15% ⬇ Margins % 16.5 18.7 13% ⬇ Depreciation 375 355 6% ⬇︎ Finance Cost 340 325 5% ⬇︎ Other Income 125 92 35% ⬆ Profit befo
Slide 26: Quarterly Particulars (in ₹ Cr) Q3 FY25
Quarterly Particulars (in ₹ Cr) Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY Net Sales 2,819 2,490 13% ⬆ 2,843 1% ⬇︎ Revenue from Operations 2,930 2,560 14% ⬆ 2,935 0% ⬇ Operating Expenses 2,438 2,276 7% ⬇ 2,310 6%⬇ EBITDA 492 284 73% ⬆ 625 21% ⬇ Margins % 17.4% 11.4% 53% ⬆ 21.9% 21% ⬇ Depreciation 146 146 0% ⬆
Slide 27: Nine Months Ended Particulars (in ₹ Cr) 9M FY25
Nine Months Ended Particulars (in ₹ Cr) 9M FY25 9M FY24 YoY Net Sales 8,028 8,186 2% ⬇︎ Revenue from Operations 8,298 8,450 2% ⬇︎ Operating Expenses 7,036 6,950 1% ⬇︎ EBITDA 1,262 1,500 16% ⬇ Margins % 15.7% 17.6% 11% ⬇ Depreciation 439 420 5% ⬇︎ Finance Cost 346 338 2% ⬇︎ Other Income 127 99 28% ⬆
Slide 28: (₹ Cr) (₹ Cr) (₹ Cr)
(₹ Cr) (₹ Cr) (₹ Cr) 4,863 4,593 3,108 2,011 1,755 2,582 FY24 31st Dec 2024 FY24 31st Dec 2024 FY24 31st Dec 24 27
Slide 29: FY24 31st Dec FY24 31st Dec24 FY24 31st Dec 24
(₹ Cr) 1.74 5,651 0.55 5,353 1.29 0.48 FY24 31st Dec 24 FY24 31st Dec24 FY24 31st Dec 24 28
Slide 30: Awards & Accolades
Awards & Accolades BW People Learning & Development Excellence Awards 2024 Dun & Bradstreet’s ‘India’s Top Value Creator Award 2024’ “ Best Leadership Development Program” 29
Slide 31: Celebrating Significant Milestones
Celebrating Significant Milestones To embark the journey of 50 years of Grey Business and 40 years of White Business, throughout the year we would be organising welfare programme for employees and our stakeholders 140 years 50 years 40 years of strong foundation in the Grey Cement Business in the Wh
Slide 32: Thank you
Thank you