Analysts/Institutional Investor Meet/Con. Call Updates

JKCL/SE/2026-27/46 July 21, 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 Dear Sir/ Madam(s), Sub.: Transcript of the Earnings Call on Unaudited Financial Results of the Company for the First Quarter and Three Months ended on June 30, 2026. In continuation to our earlier letter dated July 20, 2026 and pursuant to Regulation 30 and Regulation 46(2)(oa) read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find attached the transcript of the Earnings Call held on Monday, July 20, 2026 (Conference Call) on the Unaudited Financial Results (Standalone and Consolidated) First Quarter and Three Months ended on June 30, 2026. The above information is also available on the website of the Company: https://www.jkcement.com/transcript-report/ We request you to kindly take the above information on record. Thanking you, Yours faithfully For J.K. Cement Limited Bhumika Sood Company Secretary & Compliance Officer M. No. ACS-19326 “JK Cement Limited Q1 FY27 Earnings Conference Call” July 20, 2026 MANAGEMENT: MR. AJAY KUMAR SARAOGI – DEPUTY MANAGING DIRECTOR AND CHIEF FINANCIAL OFFICER – JK CEMENT LIMITED MR. PRASHANT SETH – PRESIDENT BUSINESS INFORMATION AND INVESTOR RELATIONS – JK CEMENT LIMITED MODERATOR: MR. VAIBHAV AGARWAL – PHILLIPCAPITAL INDIA PRIVATE LIMITED Page 1 of 18 JK Cement Limited July 20, 2026 Moderator: Ladies and gentlemen, good day and welcome to the JK Cement Limited Q1 FY27 Earnings Conference Call hosted by PhillipCapital India Private Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Vaibhav Agarwal from PhillipCapital India Private Limited. Thank you and over to you, sir. Vaibhav Agarwal: Thank you, Dorwin. Good evening everyone. On behalf of PhillipCapital India Private Limited, we welcome you to the Q1 FY27 call of JK Cement Limited. On the call, we have with us Mr. Ajay Kumar Saraogi, Deputy Managing Director and Chief Financial Officer, and Mr. Prashant Seth, President Business Information and Investor Relations at JK Cement. I would like to mention on behalf of JK Cement and its management that certain statements that may be made or discussed on today's conference call may be forward-looking statements related to future developments and statements which are based on current management expectations. These statements are subject to a number of risks, uncertainties, and other important factors which may cause actual developments and results to differ materially from the statements made. JK Cement Limited and the management of the company assumes no obligation to publicly update or alter these forward-looking statements based as a result of new information or future events or otherwise. I'll now hand over the floor to the management of JK Cement for their opening remarks, which will be followed by an interactive Q&A. Thank you and over to you, Saraogi sir. Ajay Saraogi: Thank you, Vaibhav. Good evening and welcome to Q1 call for April-June quarter. The Board of Directors met on 18th of July to review the performance of the company for the quarter April to June. The major highlights are as under: During this quarter, we saw a good growth in the grey business, year-on-year 19% growth in volumes, and even though vis-à-vis previous quarter it was marginally lower by 2%. Also, if we see the white business, year-on-year there is a growth of 11% in volumes, marginally lower by 5% Q-on-Q, and the combined growth in volumes was 18% year-on-year and marginal 3% down quarter-on-quarter. As a result of this, the net sale during this quarter was higher by 23% year-on-year at INR3,786 crores as compared to INR3,068 crores, though and also it was higher by 5% on quarter-on- quarter, which was mainly on account of the product mix and some price improvement. The EBITDA during this quarter was INR639 crores, this is the standalone position, vis-à-vis INR673 crores in the previous year and INR670 crores in the previous quarter. The EBITDA margins was 16.9% in this quarter, previous quarter 18.5%, and previous year 21.9%. The profit before tax was INR423 crores as compared to INR460 crores in the previous quarter and INR498 crores in the previous year. After taxes, the profit after tax was INR291 crores as compared to INR345 crores and INR333 crores in the previous year. The per ton EBITDA for the quarter was INR982 a ton as compared to INR1,229 previous year and INR1,012 in the previous quarter. Page 2 of 18 JK Cement Limited July 20, 2026 On the consolidated front, the net sale year-on-year grew at 22% at INR3,962 crores as compared to INR3,242 crores, and on quarter-on-quarter it was up by 4%. The comparative EBITDA for the consolidated is INR648 crores for this quarter, INR683 crores in the previous quarter, and INR688 crores previous year. The profit before tax was INR406 crores as compared to INR444 crores in the previous quarter and INR489 crores previous year. And the EPS in this quarter was INR35.90 as compared to INR43.10 in the previous quarter and INR41.90 in the previous year. If we see the work on the projects, the greenfield project at Jaisalmer is progressing well and we are confident that it will get commissioned within the targeted timeframe of first half of FY28. And even the grinding unit at Bhatinda is progressing well. We have acquired the land for the grinding -- the second split grinding location in Punjab and we are working out to start the work at that site as soon as possible. We had also taken up an expansion of the wall putty at in Rajasthan and we are and the work is almost on the verge of completion and we expect that in Q2 this year this will get commissioned. As far as the debt profile as on 30th June, the gross debt stood at INR5,551 crores as compared to INR5,136 crores as on 31st March. The cash balance as on 30th June is INR1,686 crores compared to INR1,765 crores. The net debt is higher at INR3,864 crores as on 30th June compared to INR3,370 crores as on 31st March. If we look at the net debt to EBITDA as on 30th June, the same is at 1.69 and net debt to equity is 0.53. If you have these are the major highlights, if you have any other questions, we'll be pleased to address the same. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. Our first question comes from the line of Patanjali Srinivasan with Sundaram Mutual Fund. Please go ahead. Patanjali Srinivasan: Hello sir. Congrats on a good set of numbers. I have a couple of questions. So firstly, volume growth was very strong. Could you help me understand how much of this would be from new plants commissioned with respect to East and some color on how regions are doing, how North is doing, how Central India is doing? Ajay Saraogi: So yes, the major volume growth is as a result of the expansion we have which we have done in Central India, including the grinding unit in Bihar. So, the major volume growth is driven by that. We continue as far as the existing markets of North and South are concerned, I mean we continue to grow as per the market because in any case we do not have extra volume over there. Patanjali Srinivasan: Got it sir. So, we would have gained market share, right, this quarter based on whatever volume growth we have done? Is that correct? Ajay Saraogi: So, we have gained certain market share definitely in Central India in major of the regions and we have been able to maintain the market s [Showing first 8,000 characters — download PDF for full document]