J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q2 FY2026 Earnings Presentation
30 slides from J.k. Cement's earnings presentation, Nov 1, 2025
Slide 1: Exchange filing cover letter for Q2 FY2026 investor presentation
JKCL/BSE-35/NSE-47/2025-26(BM-6/25) November 1, 2025 The 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
Slide 2: Investor Presentation Q2FY26
Investor Presentation Q2FY26
Slide 3: Agenda
Agenda ESG & CSR Performance Company Overview Q2 FY26 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) FY25 518 51 11.3 4.7 YTD Sep 25 529 53 12.3 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, Social Impact
Social Impact and CSR Outreachs Social and CSR Expenditure Social Impact Contribution for upliftment of society and eradication of poverty of over 5 Lakhs both direct & indirect beneficiaries impacted Contribution to IIT –K for setting up 500 Bed Super Speciality Hospital YTD Sep 2025 Contribution f
Slide 7: Social Impact and CSR Outreach
Fhachar School (3).jpeg Social Impact and CSR Outreach Mobile Medical Unit at near by villages Awareness Session of students for saving Earth Nutrition Kit for Malnourished Children Cattle Breeding Programme Renovation of Primary School Solar Light Installation Construction of Toilet at School Const
Slide 8: Company Overview
025 Fs Company Overview
Slide 9: Company Snapshot
Company Snapshot Paint Portfolio: 26.26 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 Subsidiaries) Subsidiary) 237.14 MW 82.3 MW 154.84 MW Green
Slide 10: Kiln & TAD, Pre Heater and Panna expansion progress
Kiln & TAD 4 MTPA Grey Clinker Capacity at Panna - Construction work is progressing as per schedule and ~95 % work completed 3 MTPA Cement Capacity at Panna, Hamirpur & Prayagraj (1 MTPA at each location) - Panna – Cement Mill Output increased by process optimization . - Prayagraj – Commissioned on
Slide 11: 3 MTPA Split Grinding Unit at Bihar
Additive Shed & Clinker Silo Packing Plant Building & Cement Silo 3 MTPA Split Grinding Unit at Bihar - Construction work is going on as per schedule - Expenditure YTD Sep 2025 - ₹ 314 Cr Note: Schedule Commissioning – Q4FY26 10
Slide 12: New project: Bhoomi Pujan, construction started
Bhoomi Pujan Kiln & TAD Fly Ash Silo • Bhoomi Pujan done on 5th Sep 25 • Ordering & Engineering in progress • Construction work started • Project Cost –₹ 3630 crores • Expenditure YTD Sep’25 –₹ 242 crores • Schedule Commissioning –H1FY28 11
Slide 13: New project: silo and construction progress
Bhoomi Pujan Silo Raft • Bhoomi Pujan done on 5th Sep 25 • Ordering & Engineering in progress • Construction work started • Project Cost –₹ 195 crores • Expenditure YTD Sep’25–₹ 23 crores • Schedule Commissioning –Q2FY27. 12
Slide 14: Business Performance Highlights (Standalone) Q2FY26
Business Performance Highlights: (Standalone) Q2FY26 16% YOY 10% YOY White Cement & Wall Putty Grey Cement Sales volume growth Sales volume growth Achieved EBIDTA of EBIDTA per tonne Rs 902 Rs 440 crore (up Rs 263 per ton YOY) (Rs 271 crores in Q2FY25 ) Achieved Net Profit of Rs 176 crores (Rs 40 cr
Slide 15: Q2 FY26 Performance
Q2 FY26 Performance
Slide 16: Grey Cement (standalone)
Grey Cement (standalone) Capacity Blended Cement Volumes Net Sales Trade Mix Utilisation Realisation Cement- 69% 67% 4.43 Million Tons ₹4,847 per ton 67% 1% Lower (QOQ) due Vs 5.05 Million Tons in Vs ₹ 4,944 per ton in Vs 68% in Q2FY25 Clinker - 90% to lower trade sales Q1FY26 Q1FY26 Lower due to we
Slide 17: Quarterly sales volumes (Lakh Tons)
(in Lakh Tons) ⬆︎ ⬆ QoQ ⬆︎ YoY ⬆︎ QoQ ⬆ YoY QoQ ⬆ YoY 5.5 5.6 5.3 0.1 0.2 0.0 50.6 1.3 1.2 44.5 1.3 50.6 38.3 38.3 44.3 4.0 4.2 4.4 Q2 FY25 Q1 FY26 Q2 FY26 Standalone Subsidiary Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Standalone Subsidiary Grey White Double digit volume growth in Grey Cement
Slide 18: Half-yearly sales volumes (Lakh Tons)
Volume (in Lakh Tons) ⬆︎ YoY ⬆ YoY ⬆ YoY 11.1 10.5 2.5 2.6 95.2 95.2 8.6 82.0 82.0 7.9 H1 FY25 H1 FY26 H1 FY25 H2 FY26 H1 FY25 H1 FY26 Standalone Subsidiary Standalone Subsidiary Grey White Double digit volume growth in Grey Cement due to extended footprint 17
Slide 19: Quarterly/Half Yearly Particulars (Standalone sales and EBITDA)
Quarterly/Half Yearly Particulars (in ₹ Cr) Q2 FY26 Q1 FY26 QoQ Q2 FY25 YoY H1FY26 H1FY25 YOY Grey Net Sales 2149 2499 14% ⬇︎ 1809 19% ⬆︎ 4649 3848 21%⬆︎ White Net Sales 524 495 6% ⬆︎ 482 9% ⬆︎ 1018 972 5%⬆︎ Total Net Sales 2673 2994 11% ⬇︎ 2291 17% ⬆︎ 5667 4820 18%⬆︎ 49%⬆︎ Combined EBITDA 440 673 3
Slide 20: Quarterly/Half Yearly Particulars (Consolidated sales and EBITDA)
Quarterly/Half Yearly Particulars (in ₹ Cr) Q2 FY26 Q1 FY26 QoQ Q2 FY25 YoY H1FY26 H1FY25 YOY Grey Net Sales 2161 2502 14% ⬇︎ 1809 20% ⬆︎ 4664 3848 21%⬆︎ White Net Sales 779 740 5% ⬆︎ 681 14% ⬆︎ 1518 1361 12%⬆︎ Total Net Sales 2940 3242 9% ⬇︎ 2490 18% ⬆︎ 6182 5209 19%⬆︎ Combined EBITDA 447 688 35% ⬇
Slide 21: Pet Coke price trend ($/MT)
($/MT) 120.2 117.0 115.8 112.2 110.0 109.0 107.2 107.3 107.8 106.6 102.7 102.4 101.5 97.1 93.6 Dec-24 Apr-25 Feb-25 Oct-24 Sep-24 May-25 Jun-25 Sep-25 Aug-24 Jan-25 Mar-25 Aug-25 Nov-24 Jul-24 Jul-25 Pet Coke prices are on increasing trend owing to global trade impact 20
Slide 22: Cost Trend (Grey standalone): fuel
Cost Trend (Grey standalone) (quarterly) (₹/K. Cal) (₹/MT) ⬆︎ QoQ ⬇︎ YoY 1.65 1.56 842 771 791 1.53 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Pet Coke prices are range bound 21
Slide 23: Cost Trend (Grey standalone): lead distance and freight
Cost Trend (Grey standalone) (quarterly) (Kms) (₹/MT) 4% ⬇︎ QoQ ⬇︎ YoY 436 431 1,288 419 1,240 1,234 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Lower due to logistic initiative & decrease in lead distance 22
Slide 24: Cost Trend (standalone) (quarterly)
Cost Trend (standalone) (quarterly) (₹/MT) (₹/MT) ⬆︎ ⬇︎ ⬆︎ ⬇︎ QoQ YoY QoQ YoY 1,156 1112 485 459 852 409 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Due to higher Advertisement & Maintenance and operating de-leverage QOQ -Flat in absolute terms ,however higher due to operating de-leverage in cur
Slide 25: Quarterly/Half Yearly Particulars: Standalone P&L
Quarterly/Half Yearly Particulars (in ₹ Cr) Q2 FY26 Q1 FY25 QoQ Q2 FY25 YoY H1FY26 H1FY25 YOY Net Sales 2,754 3, 068 10% ⬇︎ 2,341 18% ⬆ 5,823 4,912 19% ⬆ Revenue from Operations 2,859 3,190 10%⬇︎ 2,410 19% ⬆ 6,049 5,070 19% ⬆ Operating Expenses 2,419 2,517 4% ⬆ 2,139 13% ⬇︎ 4,936 4,323 14% ⬇︎ EBITDA
Slide 26: Quarterly/Half Yearly Particulars: Consolidated P&L
Quarterly/Half Yearly Particulars (in ₹ Cr) Q2 FY26 Q1 FY26 QoQ Q1 FY25 YoY H1FY26 H1FY25 YOY Net Sales 2,940 3,242 9% ⬇︎ 2,490 19%⬆ 6,182 5,209 19% ⬆ Revenue from Operations 3,019 3,353 10% ⬇︎ 2,560 18%⬆ 6,372 5,368 19% ⬆ Operating Expenses 2,573 2,665 3% ⬆ 2,276 13%⬇︎ 5,238 4,598 14%⬇︎ EBITDA 447
Slide 27: Balance sheet items (₹ Cr)
(₹ Cr) (₹ Cr) (₹ Cr) 5,289 5,103 2,553 3,139 2,150 2,551 FY25 30th Sep 25 FY25 30th Sep 25 FY25 30th Sep 25 26
Slide 28: Debt and leverage metrics
(₹ Cr) 6,434 6,044 1.34 1.30 0.49 0.42 FY25 30th Sep 25 FY25 30th Sep 25 FY25 30th Sep 25 27
Slide 29: Awards & Accolades
Awards & Accolades Mr. Madhav Singhania (Jt. MD ) has been recognized among the Economic Game Badal De’ campaign won Silver in the Re-launch Campaign category CSR award from PHDCCI given by Union Minister Mr. Nitin Times 40 Under Forty achievers at the ETBrandEquity Shark Awards 2025. Gadkari 28
Slide 30: Thank you
Thank you