Investor Presentation

Here's a concise summary of J. K. Cement's investor presentation for Q1 FY27: **Business Performance:** J. K. Cement reported robust Q1 FY27 consolidated revenue of ₹4,032 crore, up 20% year-on-year, driven by 18% growth in grey cement volumes and 11% in white cement volumes (combined standalone and subsidiary). However, consolidated EBITDA decreased by 6% to ₹648 crore, primarily due to cost pressures and abnormally high maintenance activity. **Growth Drivers or Strategy:** The company is aggressively expanding its capacity towards 50 MTPA by FY30 with planned capex of ₹5,000-6,000 crore in the next two years.

This expansion is supported by a strong sectoral outlook, fueled by India's projected 6.6% GDP growth, substantial government infrastructure spending (₹12.2 lakh crore), and solid housing demand. **Recent Developments:** Major grey cement expansion projects, including 7 MTPA capacity across Jaisalmer, Bikaner, and Bhatinda, are progressing towards H1 FY28 commissioning.

Additionally, a new 6 lakh MT wall putty plant in Nathdwara is nearing completion, expected to start operations in Q2 FY27. **Key Financial Metrics:** For Q1 FY27, consolidated Profit After Tax (PAT) stood at ₹275 crore, down 15% year-on-year, with Earnings Per Share (EPS) at ₹35.9. Standalone EBITDA per tonne was ₹982. **Management Commentary / Outlook:** Management noted that price adjustments and growth in the white cement business helped offset some impact from increased costs due to geopolitical situations.

A strong project pipeline ensures long-term demand visibility, aligning with the company's strategic expansion roadmap.