JKCEMENT · Construction Materials
J.K. Cement Ltd. reported revenue of ₹3,106 cr for January to March 2024, — on the year and +5.8% on the quarter.
Operating profit (EBITDA) was ₹560 cr, a margin of 18.0%, — on the year and −327 bps on the quarter.
Net profit was ₹220 cr, — on the year and −22.5% on the quarter, with earnings per share of ₹28.44.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
On earnings per share of ₹102.70 over the last four quarters, the stock at ₹5,052.40 trades at 49.2 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,935 cr | ₹3,106 cr | ₹2,808 cr | ₹2,560 cr | ₹2,930 cr | ₹3,581 cr | ₹3,353 cr | ₹3,019 cr | ₹3,463 cr | ₹3,888 cr | ₹4,032 cr | ₹3,733 cr |
| YoY | — | — | +2% | −7% | −0% | +15% | +19% | +18% | +18% | +9% | +20% | +24% |
| EBITDA margin | 21.3% | 18.0% | 17.3% | 11.1% | 16.8% | 21.4% | 20.5% | 14.8% | 16.1% | 17.5% | 16.1% | 13.6% |
| Other income, % of PBT | 9% | 16% | 16% | 90% | 16% | 9% | 11% | 21% | −1% | 9% | 10% | 15% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 31% | 37% | 32% | 12% | 32% | 32% | 34% | 34% | 35% | 25% | 32% | 34% |
| Net profit | ₹284 cr | ₹220 cr | ₹185 cr | ₹136 cr | ₹190 cr | ₹361 cr | ₹324 cr | ₹159 cr | ₹174 cr | ₹331 cr | ₹275 cr | ₹169 cr |
| YoY | — | — | +64% | −23% | −33% | +64% | +75% | +17% | −8% | −8% | −15% | +6% |
| Core profit YoY | — | — | +39% | −93% | −37% | +67% | +90% | +1,180% | +15% | −18% | −15% | +14% |
| EPS | ₹36.73 | ₹28.44 | ₹23.98 | ₹16.28 | ₹24.54 | ₹46.64 | ₹41.99 | ₹20.78 | ₹22.60 | ₹43.08 | ₹35.91 | ₹22.39 |
| Flags | · | · | 1 | 3 | 1 | ✓ | ✓ | ✓ | ✓ | 1 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
J.K. Cement Ltd. reported revenue of ₹3,106 cr (— on the year) and net profit of ₹220 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.