JK Cement reports strong revenue, EBITDA growth in Q2 FY26

J.K. Cement Ltd. reported a 19% increase in revenue from operations for Q2 FY26, reaching INR 2,859 crores compared to INR 2,410 crores in the previous year. For the half-year period, revenue also rose by 19% to INR 6,049 crores against INR 5,070 crores. EBITDA for the quarter jumped to INR 440 crores from INR 271 crores last year, with EBITDA margins improving to 15.9% from 11.5%.

Consolidated financial results mirrored this positive trend, with Q2 FY26 revenue at INR 3,019 crores (up 18%) and EBITDA at INR 447 crores (up from INR 284 crores). The company’s net debt to EBITDA stood at 1.34 as of September 30, 2025. J.K. Cement is actively expanding, with a 6 million ton Panna project nearing completion and a 1 million grinding unit already commissioned at Prayagraj.

The company plans to invest approximately INR 2,800 crores to INR 3,000 crores in CapEx this fiscal year, with over INR 3,500 crores projected for the next fiscal year, primarily for the Jaisalmer project and other grinding units. Management anticipates overall volume growth of about 10% for FY26, targeting close to 20 million tons, and expects a positive impact from its non-trade business strategy.