J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q2 FY27 Earnings Presentation
33 slides from J.k. Cement's earnings presentation, Oct 24, 2026
Slide 1: Exchange filing cover letter: Outcome of Board Meeting
JKCL/SE/2026-27/57 October 24, 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: JKCEMENT Sub: Ou
Slide 2: Investor Presentation Q2 FY27
Investor Presentation Q2 FY27 Cementing the nation. Building a sustainable future. JK Cement Works, Panna Line 2
Slide 3: Agenda
Agenda Financial Highlights –Q2FY27 50+ years 40+ years in grey cement in white cement Company overview 01 Business highlights 02 Financial performance 03 ESG updates 04 CSR and awards 05
Slide 4: Company overview
Investor Presentation Q2 FY27 01 Company overview Among India's top five cement manufacturers Progressing steadily towards 50 MTPA by FY30 Securing strategic raw material resources Projects in progress JK Cement Works, Nimbahera
Slide 5: Among India's top five cement manufacturers
Company overview Among India's top five cement manufacturers SCALE 32.3 MTPA 3.65 MTPA ~91,000 Grey cement capacity White cement and wall putty capacity Dealers and retailers (including 0.42 MTPA in subsidiary) (including 0.60 MTPA in subsidiary) 342.3 MW 119.3 MWh 223.0 MW Green power capacity Wast
Slide 6: Progressing steadily towards 50 MTPA by FY30
Company overview Progressing steadily towards 50 MTPA by FY30 Grey cement capacity 14.7 24.3 32.3 40 50 MTPA MTPA MTPA MTPA MTPA 2021* 2025* 2026* FY28 FY30 *As of 31st March 7 MTPA 11 MTPA − Greenfield expansion − Brownfield expansion at Jaisalmer at Muddapur and Panna − Split grinding unit at (nex
Slide 7: Projects in progress: 7 MTPA grey cement expansion, Jaisalmer
Company overview Projects in progress: 7 MTPA grey cement expansion in North India Jaisalmer 4 MTPA clinker and 3 MTPA cement capacity Rajasthan − Ordering & Engineering completed − Civil construction , mechanical and erection work is progressing as per schedule ₹3,630 crore Project cost ₹1831 crore
Slide 8: Projects in progress: Bikaner split grinding unit
Company overview Projects in progress: 7 MTPA grey cement expansion in North India Bikaner 2 MTPA split grinding unit Rajasthan − Ordering & Engineering work completed − Civil construction , mechanical & erection work is going on as per schedule ₹565 crore Project cost ₹315 crore Expenditure (YTD Se
Slide 9: Projects in progress: Bhatinda split grinding unit
Company overview Projects in progress: 7 MTPA grey cement expansion in North India Bhatinda 2 MTPA split grinding unit Punjab − 100% land has been acquired and approvals – EC/CTE expected shortly − Major plant and equipment ordering completed ₹610 crore Project cost ₹108 crore Expenditure (YTD Sep 2
Slide 10: Project completed: Wall putty expansion in North India
Company overview Project completed during the quarter: Wall putty capacity expansion in North India Nathdwara 6 lakh MT wall putty plant Rajasthan Commissioned on 12th Aug’26 & regular dispatches going on ₹195 crore Project cost ₹160 crore Expenditure (YTD Sep-26) Plant Overview First Dispatch 9
Slide 11: Business highlights
Investor Presentation Q2 FY27 02 Business highlights Q2 FY27 snapshot Robust growth across parameters Benchmark operational performance Strong sales volume Consistent growth
Slide 12: Robust volume growth and higher profitability despite cost pressures
Business highlights Robust volume growth and higher profitability despite cost pressures Q2 FY27 (Standalone) 5.37 MT 0.49 MT Grey cement volume White cement volume 21% 13% ₹3,595 crore ₹500 crore Revenue from Operations EBITDA 26% 14% RMC & CC Revenue is above Rs 50 ₹ 852 Crores in Grey Business EB
Slide 13: Benchmark operational performance
Business highlights Benchmark operational performance Q2 FY27 (Grey Standalone) 67% 95% 68% ₹4,963 / tonne Cement Clinker Blended cement Net sales realisation Capacity utilisation Vs 67% in Q1FY27 vs. ₹4,958/ tonne in Q1FY27 71% 20% 6% 94% Trade mix Premium products of trade sales Rail Road vs. 69%
Slide 14: Strong sales volume - Quarterly
Business highlights Strong sales volume-Quarterly Grey business (lakh tonne) White business (lakh tonne) Combined (lakh tonne) 10% QoQ 22% YoY 7% QoQ Flat YoY 9% QoQ 19% YoY 6.0 0.4 0.7 5.6 0.5 0.6 1.2 5.6 0.2 59.6 60.0 53.7 5.3 54.2 5.0 44.3 4.4 44.6 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27
Slide 15: Strong sales volume - Half Yearly
Business highlights Strong sales volume- Half Yearly Grey business (lakh tonne) White business (lakh tonne) Combined (lakh tonne) 20% YoY 5% YoY 18% YoY 1.0 11.7 0.3 1.3 2.5 11.1 113.3 94.9 114.2 10.3 95.2 8.6 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Standalone Subsidiary Grey White Grey Ceme
Slide 16: Consistent growth (standalone)
Business highlights Consistent growth (standalone) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Grey business 2665 2955 10% 2,141 24% 5620 4,634 21% White business 653 652 - 524 25% 1305 1,018 28% Total net sales 3318 3607 8% 2,665 25% 6925 5652 23% Combined
Slide 17: Consistent growth (consolidated)
Business highlights Consistent growth (consolidated) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Grey business 2693 2979 10% 2,153 25% 5672 4649 22% White business 868* 917 5% 779 11% 1785 1518 18% Total net sales 3561 3896 9% 2,932 21% 7457 6167 21% Combine
Slide 18: Financial performance
Investor Presentation Q2 FY27 03 Financial performance Key cost variables Razor sharp focus on cost Financial statements Steady debt profile
Slide 19: Key cost variables
Financial performance Key cost variables Pet coke cost (6.5% Sulphur USA CFR) ($/MT) 162 164 156 145 137 135 137 124 117 118 117 118 118 110 112 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Imported pet coke price started moving up from Jun
Slide 20: Key cost variables: fuel cost
Financial performance Key cost variables Grey standalone Fuel cost (₹/kcal) Fuel cost (₹/MT) 12% QoQ 10% YoY 10% QoQ 8% YoY 1.71 1.56 1.53 857 791 778 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Increased due to rising fuel cost Impact of higher fuel cost is partly offset by mix change 19
Slide 21: Razor sharp focus on cost
Financial performance Razor sharp focus on cost Grey standalone Lead distance (kms) Logistics cost (₹/MT) Flat QoQ 3% YoY 2% QoQ 5% YoY 431.00 418.00 416.00 1,315 1,290 1,234 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 YOY - Lead distance is lower on account of commissioning of QOQ -Lower due to
Slide 22: Razor sharp focus on cost: employee and other expenses
Financial performance Razor sharp focus on cost Standalone Employee cost (₹/MT) Other expenses (₹/MT) 14% QoQ 2% YoY 13% QoQ 4% YoY 459 1,155 452 1,112 1,026 396 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 QOQ -Higher mainly due to operating deleverage QOQ- Higher mainly due to operating delever
Slide 23: Financial statement (standalone)
Financial performance Financial statement (standalone) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Net sales 3,516 3,786 7% 2,754 28% 7,301 5,823 25% Revenue from operations 3,595 3,866 7% 2,859 26% 7,461 6,049 23% Operating expenses 3,096 3,227 4% 2,419 28%
Slide 24: Financial statement (consolidated)
Financial performance Financial statement (consolidated) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Net sales 3561 3896 9% 2932 21% 7457 6167 21% Revenue from operations 3,733 4,032 7% 3,019 24% 7,765 6,372 22% Operating expenses 3,226 3,384 5% 2,572 25% 6,
Slide 25: Steady debt profile
Financial performance Steady debt profile Gross debt (₹ crore) Cash (₹ crore) Net debt (₹ crore) Equity (₹ crore) 22% 5% 36% 5% 6,255 6,961 7,287 5,136 4,571 1,765 3,370 1,684 31st March 2026 30th Sep 2026 31st March 2026 30th Sep 2026 31st March 2026 30th Sep 2026 31st March 2026 30th Sep 2026 1.95
Slide 26: ESG updates
Investor Presentation Q2 FY27 04 ESG updates ESG recognition and external validation Progressing towards our sustainability goals
Slide 27: ESG recognition and external validation
ESG updates ESG recognition and external validation 76/100 67 Member ESG score in S&P Global DJSI ESG score by NSE Sustainability in S&P Global DJSI Yearbook 2026 – CSA Assessment Ratings Analytics (JK Cement emerged as the highest rated cement company) A A- B CDP supplier engagement CDP water secur
Slide 28: Progressing towards our sustainability goals
ESG updates Progressing towards our sustainability goals CO2 emission Green power mix Thermal substitution rate Water positivity (kg/tonne of (%) (%) (times) cementitious material) FY20 (Base year) 580 19 6 3 YTD Sep’26 559 56.9 11.9 4.9x Reaching Near Target 76% of Target Achieved Improvement from
Slide 29: CSR and awards
Investor Presentation Q2 FY27 05 CSR and awards Driving inclusive growth Building resilient communities Awards and accolades Anganwadi at JK Cement Works, Nimbahera
Slide 30: Driving inclusive growth
CSR and awards Driving inclusive growth ~ 6 lakhs lives impacted YTD Sep 2026 ₹25.04 crore Social impact & CSR outreach YTD Sep 26 Education Health Social development 49 ~0.55 lakhs ~3.3 lakhs ~2.1 lakhs Beneficiaries Beneficiaries Beneficiaries ₹12.19 crore ₹5.62 crore ₹7.24 crore Spend Spend Spend
Slide 31: Building resilient communities
CSR and awards Building resilient communities Education Health Social development Mobile medical unit in nearby village Eye camp organised for locals School Bag distribution at Govt School Road Safety –Distribution of Helmets Food Packet distribution for flood affected Vocational skill development R
Slide 32: Awards and accolades
CSR and awards Awards and accolades Excellence in Rural Marketing Award by ET Edge Jt. MD Madhavkrishna Singhania has been National Award for Excellence in Energy recognized as Fortune India’s 40 under 40 Management for Nimbahera 31
Slide 33: Thank you
Thank you Registered Office Kamla Tower, Kanpur, Uttar Pradesh, India 208001 Telephone: 0091-512-2371478 Email: investor.relation@jkcement.com Website: www.jkcement.com