In its latest note, Choice Institutional Equities reaffirmed its 'Buy' rating on JK Cement, assigning a target price of ₹7,200, implying major upside from prevailing levels.
JK Cement Ltd on Saturday reported an 8.56 per cent decline in consolidated profit to Rs 173.61 crore during the December quarter. It had posted a profit of Rs 189.87 crore in the year-ago period, JK Cement Ltd (JKCL) said in a regulatory filing. Revenue from operations was up 18.18 per cent at Rs 3,463.07 crore in the December quarter. It was at Rs 2,930.28 crore in the corresponding period a year ago. JKCL's total expenses were Rs 3,192.91 crore, up 18.42 per cent in the December quarter. JKCL's total income, including other income, was Rs 3,509 crore during the period under review, up 17.95 per cent. It has reported a 23 per cent volume sales growth on grey cement on a year-on-year basis to 5.36 million tonnes. Its EBIDTA per tonne was Rs 928 as against Rs 1,022 in the quarter. JKCL has a production capacity of 28.26 MTPA grey cement, 3.05 MTPA white cement and wall putty.
Q3FY26 company results: Firms including Punjab & Sind Bank, UCO Bank, IDBI Bank, RBL Bank, Oswal Yarns, and Netweb Technologies are also to release their October-December earnings reports today
JM Financial expects companies under its coverage to deliver robust growth of around 10 per cent Y-o-Y on a comparable basis in the third quarter
Cement companies are expected to report robust topline and volume growth amid weak pricing power during the third-quarter of the financial year 2026
The brokerage has an 'Accumulate' rating on JK Cement for a target of ₹6,173 per share; 'Buy' rating on both JK Lakshmi and JSW Cement with a target of ₹891 and ₹143, respectively
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At 12:26 PM, the BSE Sensex was up 0.21 per cent as compared to 0.22 per cent decline in the BSE Midcap index and 0.29 per cent fall in the BSE Smallcap index.
Low base, premium mix and new capacity supported gains
Choice Broking upgrades JK Lakshmi Cement to 'Buy' with a ₹7,200 target, citing strong expansion, earnings growth, and 25% upside potential
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JK Cement Ltd on Saturday reported an increase of 17 per cent in consolidated net profit to Rs 159.25 crore for the September quarter. The company had posted a profit of Rs 136.15 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Its revenue from operations was up 17.9 per cent at Rs 3,019.20 crore in the September quarter. It was at Rs 2,560.12 crore in the corresponding period a year ago. JKCL's total expenses were at Rs 2,827.36 crore, up 11 per cent in the September quarter. The total income of JKCL, which includes other income, was at Rs 3,070.08 crore, up 18.17 per cent in the September quarter. JKCL has a grey cement capacity of 26.26 MTPA.
Q2FY26 company results: Firms including Urban Company, Azad Engineering, Transcorp Internationals, Triveni Glass, Orient Cement, and Netweb Technologies are also to release their July-Sep earnings
While monsoons and consumption deferrals following the GST rationalisation impacted demand in Sep'25, prices largely held firm, signalling resilience in the sector, Nuvama analysts said
JK Cement chart shows that stock has been trading above its 20-WMA post the breakout in March 2025; however given weak signals from key momentum oscillators the stock may crack up to 13% from here.
JK Cement share price today: On the bourses, JK Cement share price rose up to 1.21 per cent to an intraday high of ₹6,660 per share.
GST Council has approved a reduction in rates on cement from 28 per cent to 18 per cent, effective September 22, 2025
JM Financial Institutional Securities has picked UltraTech Cement and JK Cement as its top picks in the cement sector; here's why
JK Cement Ltd on Monday said its board has approved investments worth Rs 4,805 crore for greenfield expansion of a new cement line of 7 million tonnes per annum (MnTPA). This includes a clinkerisation unit of 4 MnTPA and cement grinding of 3 MnTPA at Jaisalmer, Rajasthan, and two split grinding units, each of 2 MnTPA capacity, in Rajasthan and in Punjab, according to a regulatory filing from the JK Organisation group firm. "The total proposed investment for the expansion is estimated at Rs 4,805 crores," it added. Earlier this year, JK Cement had completed the acquisition of majority stake in Jammu & Kashmir-based Saifco Cements. The company's grey cement capacity is 25.2 MTPA. It is also a leading global manufacturer of white cement, with a total white cement capacity of 1.12 MnTPA in India, and a wall putty capacity of 1.33 MnTPA.
Cement shares rally on Monday: Analysts view the potential GST rate cut as a sentimental booster for the sector given it may help perk up industry margins.