JK Cement Limited has released the transcript of its earnings call held on January 19, 2026, discussing the unaudited financial results for the nine months and third quarter ended December 31, 2025. The call featured insights from Mr. Ajay Kumar Saraogi, Deputy Managing Director and CFO, and Mr. Prashant Seth, President (Business Information and Investor Relations).

For the standalone results, net sales increased by 14% sequentially and 19% year-on-year to ₹3,132 crores in Q3 FY26. EBITDA grew by 22% sequentially to ₹536 crores, a 10% increase year-on-year. Profit before tax (PBT) stood at ₹276 crores, a 5% decrease year-on-year but a significant 62% increase for the nine-month period to ₹1,034 crores. Earnings per share (EPS) for the quarter was ₹23.30.

On a consolidated basis, net sales rose by 15% sequentially and 20% year-on-year to ₹3,383 crores in Q3 FY26. Consolidated EBITDA increased to ₹558 crores from ₹447 crores in the previous quarter and ₹492 crores year-on-year. Consolidated PBT was ₹268 crores for the quarter.

The company provided updates on its expansion projects. The 6 million tonne brownfield expansion in Central India has seen the commissioning of its clinkerization unit and grinding units. The Buxar Greenfield grinding unit is expected to be commissioned within the next 30 days, and all remaining work at the Panna plant is anticipated to be completed by the end of February. A Greenfield wall putty plant in Rajasthan is expected to be commissioned by September 2026. The Jaisalmer Greenfield expansion is on track for commissioning by September 2027, with work already in full swing.

Management discussed industry trends, expecting a strong March quarter and moderate year-on-year growth for the industry in the subsequent quarters. They also addressed pricing discipline, cost management, and fuel mix, noting a shift towards Indian coal and AFR for cost efficiency. The company expects its non-trade business to perform well going forward.