Investor Presentation on Unaudited Financial Results for the quarter ended September 30, 2026

JKCL/SE/2026-27/57 October 24, 2026 BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai-400001 Bandra (E), Mumbai-400051 Through: BSE Listing Centre Through: NEAPS Scrip Code: 532644 Scrip Code: JKCEMENT Sub: Outcome of the Board Meeting held today i.e. October 24, 2026 – Investor Presentation Dear Sir/ Madam(s), In continuation to our letter no. JKCL/SE/2026-27/56 dated October 24, 2026, submitting the Un-audited (Standalone and Consolidated) Financial Results of J. K. Cement Limited (the “Company”) for the Second Quarter and Half Year ended September 30, 2026 (“Financial Results”), please find enclosed herewith the Investor Presentation on Financial Results. The said Presentation shall also be uploaded on the website of the Company www.jkcement.com You are requested to kindly take the above on record. Thanking you. Yours faithfully, For J. K. Cement Limited Bhumika Sood Company Secretary & Compliance Officer Encl: As above Q2 FY27 Investor Presentation Cementing the nation. Building a sustainable future. JK Cement Works, Panna Line 2 Agenda 50+ years 40+ years Financial Highlights –Q2FY27 in grey cement in white cement Company overview Business highlights Financial performance ESG updates CSR and awards Investor Presentation Q2 FY27 Company overview Among India's top five cement manufacturers Progressing steadily towards 50 MTPA by FY30 Securing strategic raw material resources Projects in progress JK Cement Works, Nimbahera Company overview Among India's top five cement manufacturers 32.3 3.65 ~91,000 MTPA MTPA Grey cement capacity White cement and wall putty capacity Dealers and retailers (including 0.42 MTPA in subsidiary) (including 0.60 MTPA in subsidiary) 342.3 119.3 223.0 MW MWh MW Green power capacity Waste heat recovery system Captive solar and wind capacity PO RTFO LIO Grey cement White cement Wall putty Tile adhesives Gypsum plaster Construction Paints and grouts chemicals S CA LE Company overview Progressing steadily towards 50 MTPA by FY30 Grey cement capacity 14.7 24.3 32.3 40 50 MTPA MTPA MTPA MTPA MTPA 2021* 2025* 2026* FY28 FY30 *As of 31st March 7 MTPA 11 MTPA − Greenfield expansion − Brownfield expansion at Jaisalmer at Muddapur and Panna (next leg of expansion) − Split grinding unit at Bikaner and Bhatinda − To be commissioned by H1FY28 Company overview Projects in progress: 7 MTPA grey cement expansion in North India Jaisalmer 4 MTPA clinker and 3 MTPA cement capacity Rajasthan − Ordering & Engineering completed − Civil construction , mechanical and erection work is progressing as per schedule ₹3,630 crore Project cost ₹1831 crore Expenditure (YTD Sep-26) H1 FY28 Scheduled commissioning Raw Mill Hopper Preheater Cement Mill VRM Company overview Projects in progress: 7 MTPA grey cement expansion in North India Bikaner 2 MTPA split grinding unit Rajasthan − Ordering & Engineering work completed − Civil construction , mechanical & erection work is going on as per schedule ₹565 crore Project cost ₹315 crore Expenditure (YTD Sep-26) H1 FY28 Scheduled commissioning Clinker Silo Cement Mill & Building Company overview Projects in progress: 7 MTPA grey cement expansion in North India Bhatinda 2 MTPA split grinding unit Punjab − 100% land has been acquired and approvals – EC/CTE expected shortly − Major plant and equipment ordering completed ₹610 crore Project cost ₹108 crore Expenditure (YTD Sep 26) H1 FY28 Scheduled commissioning Planned -Bhatinda GU Company overview Project completed during the quarter: Wall putty capacity expansion in North India Nathdwara 6 lakh MT wall putty plant Rajasthan Commissioned on 12th Aug’26 & regular dispatches going on ₹195 crore Project cost ₹160 crore Expenditure (YTD Sep-26) Plant Overview First Dispatch Investor Presentation Q2 FY27 Business highlights Q2 FY27 snapshot Robust growth across parameters Benchmark operational performance Strong sales volume Consistent growth Business highlights Robust volume growth and higher profitability despite cost pressures Q2 FY27 (Standalone) 5.37 0.49 MT MT Grey cement volume White cement volume 21% 13% 3,595 500 ₹ crore ₹ crore Revenue from Operations EBITDA 26% 14% RMC & CC Revenue is above Rs 50 Crores in Grey Business EBITDA per tonne JK Cement Works, Mangrol YoY change 11 Business highlights Benchmark operational performance Q2 FY27 (Grey Standalone) 67 95 68 4,963 % % % ₹ / tonne Cement Clinker Blended cement Net sales realisation Capacity utilisation Vs 67% in Q1FY27 vs. ₹4,958/ tonne in Q1FY27 71 20 6 94 % % % % Trade mix Premium products of trade sales Rail Road vs. 69% in Q1FY27 Vs 18% in Q1FY27 Dispatch mix JK Cement Works, Nimbahera Business highlights Strong sales volume-Quarterly Grey business White business Combined (lakh tonne) (lakh tonne) (lakh tonne) 10% 22% 7% Flat 9% 19% QoQ YoY QoQ YoY QoQ YoY 0.7 5.6 59.6 60.0 53.7 5.3 54.2 44.3 4.4 44.6 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Standalone Subsidiary Grey White YOY - Double Digit volume growth in Grey Cement due to capacity expansion , however QOQ volumes are lower due to seasonal impact Business highlights Strong sales volume- Half Yearly Grey business White business Combined (lakh tonne) (lakh tonne) (lakh tonne) 20% 5% 18% YoY YoY YoY 11.7 0.3 1.3 11.1 113.3 114.2 94.9 10.3 95.2 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Standalone Subsidiary Grey White Grey Cement - Double Digit growth .White Cement – Iran war has adversely impacted volumes of UAE operations, however volume of India operations have improved due to impact on imports Business highlights Consistent growth (standalone) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) 2665 2955 10% 2,141 24% 5620 4,634 21% Grey business 653 652 - 524 25% 1305 1,018 28% White business 3318 3607 8% 2,665 25% 6925 5652 23% Total net sales 500 639 22% 440 14% 1138 1113 2% Combined EBITDA Lower volumes and inability to pass on cost increase due to seasonal impact resulted in lower profitability Business highlights Consistent growth (consolidated) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) 2693 2979 10% 2,153 25% 5672 4649 22% Grey business 868* 917 5% 779 11% 1785 1518 18% White business 3561 3896 9% 2,932 21% 7457 6167 21% Total net sales 507 648 22% 447 14% 1155 1134 2% Combined EBITDA Note : * Includes Paints Revenue of Rs 116 Crores Investor Presentation Q2 FY27 Financial performance Key cost variables Razor sharp focus on cost Financial statements Steady debt profile Financial performance Key cost variables Pet coke cost (6.5% Sulphur USA CFR) ($/MT) 137 137 118 118 118 117 117 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Imported pet coke price started moving up from June 26 due to geopolitical situation Financial performance Key cost variables Grey standalone Fuel cost Fuel cost (₹/kcal) (₹/MT) 12% 10% 10% 8% QoQ YoY QoQ YoY 1.71 1.56 1.53 857 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Increased due to rising fuel cost Impact of higher fuel cost is partly offset by mix change Financial performance Razor sharp focus on cost Grey standalone Lead distance Logistics cost (kms) (₹/MT) Flat 3% 2% 5% QoQ YoY QoQ YoY 431.00 418.00 416.00 1,315 1,290 1,234 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 YOY - Lead distance is lower on account of commissioning of QOQ -Lower due to freight optimization initiatives Bihar GU & lean season discount Financial performance Razor sharp focus on cost Standalone Employee cost Other expenses (₹/MT) (₹/MT) 14% 2% 13% 4% QoQ YoY QoQ YoY 1,155 1,112 1,026 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 QOQ -Higher mainly due to operating deleverage QOQ- Higher mainly due to operating deleverage Financial performance Financial statement (standalone) (₹ crore) Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY2 [Showing first 8,000 characters — download PDF for full document]