JK Lakshmi Cement Limited reported a 138% year-on-year surge in standalone net profit for the quarter ended March 31, 2026, with PAT rising to ₹138.22 crore from ₹58.12 crore in Q4 FY25 — a strong earnings recovery driven by margin expansion despite near-flat revenue growth. Standalone revenue from operations came in at ₹1,901.53 crore, broadly flat against ₹1,897.62 crore in Q4 FY25.
Q4 FY26 key numbers
EBITDA — profit before interest, depreciation, and taxes — jumped to ₹324.42 crore from ₹235.13 crore in Q4 FY25, a 38% year-on-year improvement. This sharp EBITDA expansion on essentially flat revenues reflects meaningful cost reduction across the company’s input cost structure. Cost of materials consumed fell to ₹306.57 crore from ₹280.77 crore — a modest increase — while power and fuel costs of ₹419.62 crore compared against ₹390.84 crore in the year-ago period. Total expenses for the quarter were ₹1,752.86 crore against ₹1,667.41 crore, with the EBITDA improvement driven by better realisation per tonne rather than cost cuts.
Profit before exceptional items and tax came in at ₹187 crore against ₹95.07 crore in Q4 FY25. There were no exceptional items in Q4 FY26. Total tax expense for the quarter was ₹48.78 crore, producing the ₹138.22 crore net profit.
Full year FY26 performance
For the full financial year ended March 31, 2026, standalone revenue from operations was ₹6,762.63 crore against ₹6,192.62 crore in FY25 — a 9.2% year-on-year growth. Full-year standalone net profit came in at ₹430.34 crore against ₹282.72 crore in FY25 — a 52% improvement. Full-year EBITDA was ₹1,127.90 crore against ₹918.27 crore, with total income of ₹6,879.10 crore against ₹6,245.70 crore.
Consolidated performance
On a consolidated basis, Q4 FY26 net profit attributable to owners of the parent was ₹124.06 crore. Full-year consolidated revenue from operations was ₹6,762.63 crore with total consolidated income of ₹6,874.88 crore against ₹6,239.05 crore in FY25. Full-year consolidated net profit was ₹412.61 crore against ₹275.95 crore in FY25 — a 49.5% year-on-year improvement.
Reading the numbers
The Q4 story at JK Lakshmi Cement is fundamentally a margin recovery narrative. Revenue was flat year-on-year — the volume and price environment in cement remained competitive through Q4 — but the company’s operating leverage produced a 38% EBITDA jump and a 138% profit jump from the same flat revenue base. This reflects the benefit of lower input costs — particularly on the energy side where power and fuel expenses, while higher than the year-ago quarter, were significantly better controlled than in the preceding quarters — and better capacity utilisation translating into improved fixed cost absorption.
The Rajasthan-headquartered cement manufacturer operates primarily in the north and west Indian markets, where infrastructure and housing demand have provided a reasonably stable volume backdrop even as realisation pressure from competitive pricing limited revenue growth.
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