Financial Results (Standalone)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹3,594.70 crore (Q1 FY27: ₹3,866.12 crore; Q2 FY26: ₹2,858.51 crore)
- Total Income: ₹3,634.28 crore
- Profit before tax: ₹274.74 crore (Q1 FY27: ₹423.13 crore; Q2 FY26: ₹260.61 crore)
- Total tax expense: ₹84.74 crore
- Profit after tax: ₹190.00 crore (Q1 FY27: ₹291.00 crore; Q2 FY26: ₹175.78 crore)
- Basic EPS: ₹24.59 (Q1 FY27: ₹37.66; Q2 FY26: ₹22.75)
Half Year Ended September 30, 2026:
- Revenue from operations: ₹7,460.82 crore (H1 FY26: ₹6,048.59 crore)
- Profit after tax: ₹481.00 crore (H1 FY26: ₹508.26 crore)
- Basic EPS: ₹62.25 (H1 FY26: ₹65.78)
Key Financial Metrics (Standalone as at September 30, 2026)
- Total Assets: ₹19,816.47 crore (March 31, 2026: ₹17,957.75 crore)
- Total Equity: ₹7,286.90 crore
- Borrowings (non-current + current): ₹7,309.44 crore
- Debt-Equity Ratio: 1.00 times
- Current Ratio: 1.15 times
Operational Highlights
- Commissioned new 0.60 MnTPA White Cement based Wall Putty Manufacturing Plant at Nathdwara, Rajasthan during the quarter
- Company engaged in single business segment of cement and allied products
Subsidiary Capacity Expansion
Board approved decision of wholly owned subsidiary JK Maxx Paints Limited to:
- Set up new water-based paint manufacturing plant at Raghunadhapalem, Suryapet District, Telangana
- Capacity: 75,000 KLPA (current capacity at Bhiwadi, Rajasthan: 73,000 KLPA at 60% utilization)
- Estimated capital cost: ₹130 crore
- To be funded within already approved ₹600 crore investment in paints business
- Expected commissioning: Approximately 12 months from start of construction
- Rationale: Existing Bhiwadi facility projected to reach full utilization by FY 2027-28
Statutory Auditor Appointment
Board recommended appointment of Price Waterhouse Chartered Accountants LLP (ICAI Firm Registration No. 012754N/N500016) as Statutory Auditors:
- Term: 5 consecutive years from conclusion of 33rd AGM (2027) till conclusion of 38th AGM (2032)
- Subject to shareholder approval and statutory eligibility confirmation under Companies Act, 2013
- Current auditors S.R. Batliboi & Co. LLP (ICAI Firm Registration No. 301003E/E300005) complete their second 5-year term at conclusion of 33rd AGM
Regulatory Compliance Matters
Insider Trading Code Amendment:
- Board approved amendments to Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons
- Amendments to Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
- Effective immediately from October 24, 2026
CCI Litigation Matters:
1. CCI Order dated August 31, 2016: Penalty of ₹128.54 crore imposed, increased to ₹154.92 crore with interest
- Appeal admitted by Supreme Court on October 5, 2018 with stay continuation
- No provision made in books based on legal opinion
2. CCI Order dated January 19, 2017: Penalty of ₹9.28 crore imposed
- NCLAT stayed operation of order
- Matter pending hearing before NCLAT
- No provision made in books based on legal opinion
Auditor Reports
S.R. Batliboi & Co. LLP issued:
- Unmodified conclusion on both standalone and consolidated financial results
- Emphasis of Matter regarding uncertainty of outcome of CCI litigation
- Limited review reports for quarter ended September 30, 2026
Board Meeting Details
- Meeting held on October 24, 2026
- Commenced: 1:05 PM IST
- Concluded: 2:08 PM IST
Consolidated Financial Highlights
Quarter Ended September 30, 2026:
- Revenue from operations: ₹3,733.42 crore
- Profit after tax: ₹169.30 crore (attributable to equity holders: ₹172.99 crore)
- Basic EPS: ₹22.39
Half Year Ended September 30, 2026:
- Revenue from operations: ₹7,765.14 crore
- Profit after tax: ₹443.92 crore (attributable to equity holders: ₹450.46 crore)
- Basic EPS: ₹58.30
Subsidiaries and Associates
Consolidated results include:
- 9 subsidiaries (including JK Cement Fujairah FZC, JK Maxx Paints, etc.)
- 2 associates (DCC Green Energy Private Limited, Rekart Green Energy Private Limited)