JK Lakshmi Cement Ltd
JK Lakshmi Cement Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #10 of 17 in Cement & Cement Products
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The short version
JK Lakshmi Cement expects to maintain a growth trajectory in volumes for FY27, supported by available capacity headroom in Surat, Udaipur, Jhajjar Jharli, and Cuttack. - The Durg Line-2 expansion will not be operational before March 2027, so volume growth will come from existing plants and markets. - Management anticipates similar volume growth in FY27 as in previous years, contingent on overall industry growth. - Realizations/prices are expected to improve in Q4 and beyond, with both non-trade and trade prices showing an upward trend since December. - The company aims to maintain a net debt to EBITDA ratio of 3-3.5x while pursuing expansions in Nagore, Kutch, and Assam to reach 30 million tons capacity. - Ongoing CAPEX of Rs. JK Lakshmi Cement aims to maintain net debt to EBITDA ratio within 3-3.5X, signaling controlled leverage for growth. - Volume growth is expected to continue in FY27, driven by headroom in Surat, Udaipur, Jhajjar, Jharli, and Cuttack plants. - Durg Line-2 expansion to be commissioned by March 2027-28; full capacity ramp-up expected to support earnings growth. - Non-trade prices, which dipped sharply in Q3, are anticipated to recover in Q4, potentially improving realizations and margins. - Cost reduction efforts focus on productivity improvements; no salary cuts planned, aiding stable operating costs. - CAPEX for FY26 around Rs.
From JK Lakshmi Cement Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- JK Lakshmi Cement expects to maintain a growth trajectory in volumes for FY27, supported by available capacity headroom in Surat, Udaipur, Jhajjar Jharli, and Cuttack.
- The Durg Line-2 expansion will not be operational before March 2027, so volume growth will come from existing plants and markets.
- Management anticipates similar volume growth in FY27 as in previous years, contingent on overall industry growth.
- Realizations/prices are expected to improve in Q4 and beyond, with both non-trade and trade prices showing an upward trend since December.
2 more points from JK Lakshmi Cement Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Total CAPEX for FY26 is about Rs. 650 crores, with Rs. 260 crores already spent and another Rs. 400 crores planned for Q4.
- Next year's CAPEX target is between Rs. 1,600 crores to Rs. 1,700 crores.
- The ongoing major project is the Durg expansion, with a total planned CAPEX of Rs. 3,000 crores (excluding stalled conveyor belt expenditure).
- Durg Line-2 commissioning is expected by March 2027; the entire Durg project completion by March 2028.
- Maintenance CAPEX is about Rs. 50 crores per year.
- Railway siding Phase 2 is expected to complete by March 2028.
2 more points from JK Lakshmi Cement Ltd's call on capex
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Top-ranked in Cement & Cement Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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JK Lakshmi Cement Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.9K Cr, net profit ₹125 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What JK Lakshmi Cement Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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- The Ramco Cement (Q3 FY26)
Standalone: ₹2,119.10 Cr (7% YoY increase from ₹1,987.83 Cr in 3QFY25) [Page 15] . Key concall takeaways from The Ramco Cements Ltd's Q3 FY26 earnings call…
- JSW Cement Ltd (Q3 FY26)
Total volume sold grew 12.1% YoY to 9.98 mn MT in 9M FY26. Key concall takeaways from JSW Cement Ltd's Q3 FY26 earnings call — and how it ranks against sector…
- Star Cement Ltd (Q3 FY26)
CAPEX incurred ₹431 crore till Q3 FY26; planned ₹150 crore in Q4; FY27 CAPEX to be finalized. Key concall takeaways from Star Cement Ltd's Q3 FY26 earnings…
Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- BIGBLOC Const.Good growth2
- Strong growth1
- J K Cements LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were JK Lakshmi Cement Ltd Q3 FY26 results?
JK Lakshmi Cement expects to maintain a growth trajectory in volumes for FY27, supported by available capacity headroom in Surat, Udaipur, Jhajjar Jharli, and Cuttack. - The Durg Line-2 expansion will not be operational before March 2027, so volume growth will come from existing plants and markets. - Management anticipates similar volume growth in FY27 as in previous years, contingent on overall industry growth. - Realizations/prices are expected to improve in Q4 and beyond, with both non-trade and trade prices showing an upward trend since December. - The company aims to maintain a net debt to EBITDA ratio of 3-3.5x while pursuing expansions in Nagore, Kutch, and Assam to reach 30 million tons capacity. - Ongoing CAPEX of Rs. JK Lakshmi Cement aims to maintain net debt to EBITDA ratio within 3-3.5X, signaling controlled leverage for growth. - Volume growth is expected to continue in FY27, driven by headroom in Surat, Udaipur, Jhajjar, Jharli, and Cuttack plants. - Durg Line-2 expansion to be commissioned by March 2027-28; full capacity ramp-up expected to support earnings growth. - Non-trade prices, which dipped sharply in Q3, are anticipated to recover in Q4, potentially improving realizations and margins. - Cost reduction efforts focus on productivity improvements; no salary cuts planned, aiding stable operating costs. - CAPEX for FY26 around Rs.
What is JK Lakshmi Cement Ltd share price analysis?
JK Lakshmi Cement Ltd currently shows a neutral. The stock trades at a P/E of 17.7 with a market cap of ₹6,816 Cr. Investors should review the full earnings analysis for detailed insights.
Is JK Lakshmi Cement Ltd planning capital expenditure?
Total CAPEX for FY26 is about Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.