Synopsis:
The cement manufacturer expanded production to 18 MTPA with a new Surat grinding unit and de-bottlenecking projects, boosted Q1FY26 revenue and profits, and is pursuing pan-India expansion, aiming for efficiency, market growth, and sustainability by 2030.
The shares of the well-known cement manufacturer gained up to 3 percent from the intraday low after the company commissioned the additional grinding Unit of 13.50 Lakh Tonnes Per Annum at Surat.
With a market capitalization of Rs 10,929.05 crore, the shares of JK Lakshmi Cement Ltd closed at Rs 880.20 per share, decreased around 0.96 percent as compared to the previous closing price of Rs 888.75 apiece.
Production Expansion
According to the company filing, JK Lakshmi Cement Ltd has expanded its production capabilities by commissioning a new grinding unit at Surat with a capacity of 13.5 lakh tonnes per annum and completing de-bottlenecking of cement mills at Jaykaypuram and Sirohi. These initiatives have increased the total cement production capacity from 16.5 MTPA to 18 MTPA, strengthening operational efficiency and supporting future growth in the cement segment.
Additionally, the company has acquired a 26% stake in Ampin C&I Power Four private limited. Through a Power Purchase Agreement and Shareholders’ Agreement, it will source solar power, reflecting a commitment to sustainable energy adoption while strengthening its presence in the clean energy sector.
Also read: Midcap stock in focus after company raises ₹1,000 Cr via QIP
Financial & Operating Highlights
The company reported strong financial growth in Q1FY26, with revenue rising 11% to Rs 1,741 crore from Rs 1,564 crore in Q1FY25. Net profit surged 163% to Rs 150 crore, up from Rs 57 crore, reflecting improved operational efficiency and robust performance across its business segments.
JK Lakshmi Cement expects to outperform industry volume growth in FY26, supported by expansion into new markets like UP East, MP East, and Maharashtra East. This strategic push has slightly increased lead distance from 393 km to 399 km. In FY25, total dispatches stood at 12.1 mt, including 0.7 mt of clinker sales.
JK Lakshmi Cement’s Durg expansion is progressing, with equipment ordering set to begin in Q2FY26. The project, now costing Rs 3,000 crore versus Rs 2,500 crore earlier, includes clinkerization and four grinding units, with commissioning from March 2027 onwards. Cost escalation stems from added equipment and railway sidings, while state incentives are under discussion.
JK Lakshmi Cement holds a 10–14% market share in core regions like Chhattisgarh, Rajasthan, and Gujarat, while eyeing pan-India expansion with a 30 MTPA target by 2030. The company remains cautious about South India entry, focusing on strategic opportunities. Despite rising competition from Adani and UltraTech, JKLC banks on efficiency and disciplined growth.
JK Lakshmi Cement is committed to contributing to the nation’s rapid growth while focusing on sustainability goals. Its vision is to be the most trusted brand for innovative building solutions, delivering excellence by empowering people and harnessing the power of technology.
Written by Abhishek Singh
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