JK Cement Ltd recorded a 14.5% decrease in consolidated net profit to Rs 278 crore for the first quarter of FY27, despite a robust double-digit growth in revenue from operations. The company’s profit attributable to shareholders for the quarter ended June 30 was Rs 278 crore, down from Rs 324 crore in the same quarter of the previous fiscal year as per an exchange filing.
During the quarter, the company’s operating performance weakened, with Earnings before interest, tax, depreciation, and amortization (EBITDA) falling by 5.8% to Rs 648 crore from Rs 688 crore in the previous year. The EBITDA margin also contracted significantly to 16.1% from 20.5%, impacted by higher pet coke prices, increased diesel costs due to geopolitical factors, and rising maintenance expenses despite higher sales.
Despite the challenges, revenue from operations surged by 20.3% to Rs 4,032 crore in the April-June quarter compared to Rs 3,353 crore a year earlier. As of June 30, the company’s net debt increased to Rs 3,864 crore from Rs 3,370 crore at the end of March, with a net debt-to-equity ratio of 0.53 times.
Shares of JK Cement closed 0.65% lower at Rs 5,388.90 apiece on the BSE on Friday, underperforming the Sensex, which saw a 1.09% gain. The stock has experienced a 16% decline over the past year, while the Sensex gained nearly 5% during the same period. In the last six months, the stock dropped around 8.5%, in contrast to a 6.5% decline in the benchmark index. JK Cement’s stock price ranged from a 52-week high of Rs 7,565 to a low of Rs 4,670.05 on the BSE.
