Shares of JK Lakshmi Cement declined over 1.5% on Thursday, May 21, despite the company reporting a sharp rise in quarterly earnings. The stock was trading at ₹625.85, down 1.60% in early trade after the cement maker posted strong standalone profit growth for Q4 FY26.

JK Lakshmi Cement reported a 138% year-on-year jump in standalone net profit to ₹138.22 crore for the quarter ended March 31, 2026, compared with ₹58.12 crore in Q4 FY25. Revenue from operations remained largely flat at ₹1,901.53 crore against ₹1,897.62 crore in the year-ago quarter.

The sharp improvement in profitability was supported by strong operating performance during the quarter. EBITDA rose 38% year-on-year to ₹324.42 crore from ₹235.13 crore in Q4 FY25, while operating leverage and better realisations supported margins.

Profit before tax and exceptional items stood at ₹187 crore compared with ₹95.07 crore in the corresponding quarter last year. The company reported no exceptional items during the March quarter.

Total expenses for Q4 FY26 came in at ₹1,752.86 crore versus ₹1,667.41 crore in Q4 FY25. Power and fuel costs increased to ₹419.62 crore from ₹390.84 crore, while material costs stood at ₹306.57 crore.

On a consolidated basis, JK Lakshmi Cement reported Q4 FY26 net profit attributable to owners of the parent at ₹124.06 crore. Consolidated EBITDA came in at ₹286 crore compared with ₹351 crore in the year-ago period, while EBITDA margin narrowed to 15% from 18.5%.

For the full FY26 period, standalone revenue from operations increased 9.2% year-on-year to ₹6,762.63 crore, while standalone net profit rose 52% to ₹430.34 crore. Full-year EBITDA improved to ₹1,127.90 crore from ₹918.27 crore in FY25.

The company’s consolidated net profit for FY26 stood at ₹412.61 crore compared with ₹275.95 crore in FY25, reflecting a 49.5% year-on-year increase.

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