JK Cement Limited — Important, 27-06-2025: Updates

JK Cement has announced a board meeting on July 18, 2025, to discuss and approve the financial results for the quarter and half-year, among other items, including the integrated annual report and dividend declarations.

FY 2024-25 Highlights:

- Revenue rose to ₹11,093 Cr, up 2%; net sales ₹10,708 Cr, up 1%

- Profit after tax at ₹870 Cr, a 5% increase; EPS ₹112.59

- Grey cement volume grew 5% to 17.75 MT; white cement volume up 4% to 1.72 MT

- Capacity utilisation dipped 7% to 76%

- EBITDA slightly down 1% to ₹1,978 Cr; EBITDA per tonne ₹1,017, among industry’s highest

- Economic value retained grew 4% to ₹867 Cr

- Added ~12,000 dealers, strengthening distribution

- Continued sustainability progress: 51% energy from green sources, 11.34% thermal substitution rate, 4.7x water positivity, and 6x plastic-negative status

Operations expanded with grinding unit commissioned at Prayagraj and capacity growth underway at Panna, Hamirpur, Prayagraj, and Bihar to reach 30 MnTPA by FY 2026. Acquisition of 60% stake in Saifco Cements, Jammu & Kashmir, expands footprint and access to limestone reserves.

Branding initiatives included unveiling Jasprit Bumrah as ambassador for JK Super Cement with the ‘Construction ka #GameBadalDe’ campaign, driving premiumisation where 15% of trade sales are now premium products, with target to reach 25% by 2030.

Robust investments in R&D (₹3.5 Cr) focus on low-carbon cement innovations including PLC, LC3, and blended cements, improving sustainability credentials and performance.

JK Cement’s financial position is strong, with a healthy debt-equity ratio of 0.97 and net debt-to-EBITDA under 1.3. Capital expenditure of ₹1,158 Cr was invested mainly in capacity expansions and greenfield projects, with ₹1,500 Cr earmarked for FY 2025-26 expansions.

No material legal penalties provided, with ongoing appeals in CCI cases involving ₹138 Cr penalty stayed by Supreme Court. No provisions recognized for these matters.

The company maintains high standards in governance, sustainability, and stakeholder engagement, including recognized certifications and awards such as Great Place to Work for six consecutive years.

JK Cement maintains presence in 22 Indian states and 38 countries globally, with leadership in grey and white cement markets, supported by a broad product portfolio including cement, wall putty, adhesives, and paints.

Dividend of ₹15 per share proposed, subject to shareholder approval.

Summary financials (Standalone):

- Revenue: ₹11,093 Cr (+2%)

- PAT: ₹870 Cr (+5%)

- EPS: ₹112.59

- EBITDA: ₹1,978 Cr (-1%)

- Grey Cement Volume: 17.75 MT (+5%)

- White Cement Volume: 1.72 MT (+4%)

- Capacity Utilisation: 76% (-7%)

Key expansions underway to reach 30 MnTPA capacity by FY 2026 and 50 MnTPA by FY 2030, including new grinding units and clinker lines.

Sustainability highlights include 51% green power mix, 68% blended cement share reducing carbon intensity, and increasing waste heat recovery capacity.

JK Cement continues to deploy digital transformation initiatives spanning salesforce automation, ESG data integration, and AI-enabled HR services (Tia).

Robust risk management and governance frameworks support sustainable and responsible growth.

No material adverse fines or penalties; CCI penalty issues remain subject to court appeals with management confident of favorable outcomes.

Board composition reflects diversity with strong expertise and includes continuation approval sought for director aged 76.

The 31st AGM will be held via video conferencing with remote e-voting facilities enabled.

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If you want financial ratios, detailed governance or ESG data summarized separately, please ask.