JK Lakshmi Cement Q4 profit falls 23% as higher expenses weigh, declares dividend

JK Lakshmi Cement Q4 profit falls 23% as higher expenses weigh, declares dividend


JK Lakshmi Cement Ltd reported a 23.4% year-on-year decline in net profit for the fourth quarter of FY26 at ₹124.1 crore, compared with ₹175.7 crore in the corresponding quarter last year.

Revenue from operations rose marginally by 0.2% to ₹1,901.5 crore from ₹1,897.6 crore a year ago.

EBITDA declined 18.5% year-on-year to ₹286.1 crore against ₹351.2 crore in the corresponding quarter last year, while EBITDA margin contracted to 15.1% from 18.5%.

The company said total expenses increased to ₹1,752.86 crore in Q4 FY26 from ₹1,667.41 crore in the year-ago quarter. Transport, clearing and forwarding charges rose to ₹419.62 crore from ₹390.84 crore, while finance costs increased to ₹53.19 crore from ₹44.37 crore.

The Board recommended a dividend of ₹6.50 per equity share of face value ₹5 each, or 130%, for FY26.

During the quarter, the company said that it was declared the preferred bidder for three limestone blocks measuring a total area of 605 hectares in Assam by AMDCL, including two mines earlier allotted under the MDO Agreement to Trivikram Consortium. Subsequent to the financial year-end, the company paid an upfront amount of ₹12.32 crore for the blocks.

JK Lakshmi Cement also said NECEIVI Cement Limited became its subsidiary with effect from March 27, 2026, following the acquisition of a 77.96% equity stake.

On expansion plans, the company said it is setting up a railway siding at its Dug cement plant at a cost of ₹325 crore, funded through debt and internal accruals, with the first phase already completed.

It is also expanding clinker and cement grinding capacities across Chhattisgarh, Uttar Pradesh, Bihar and Jharkhand through a phased ₹3,000 crore capex programme targeted for completion by March 2028.

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The company said geopolitical headwinds in West Asia, rupee depreciation and supply chain disruptions could moderate government capital expenditure and pull cement demand growth down marginally to 6-7% in FY27.

Ahead of the announcements of the results, shares of JK Lakshmi Cement closed at ₹635.30 on the NSE on Wednesday, down ₹9.30 or 1.44% from the previous close.

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