JK Lakshmi Cement Eyes FTAs with EU, US to Ease Pet Coke Supply Amid High Costs

JK Lakshmi Cement Ltd. | Shares of JK Lakshmi Cement declined 6.9% to its intraday low of 710 per share. Its third quarter volumes growth was strong but realisations declined 10% sequentially. This is likely due to higher non-trade share and change in market mix. The management has also announced a large capex as they move towards 30 MT target. Its net profit declined 23% in the third quarter to ₹57 crore, while its revenue increased 6.3% to ₹1,588 crore from the previous year. The company's EBITDA gained 2.1% to ₹205.5 crore, while its margin contracted to 12.9% from 13.4% in the year-ago period.

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CNBC TV18•09-02-2026, 19:28

JK Lakshmi Cement Eyes FTAs with EU, US to Ease Pet Coke Supply Amid High Costs

•JK Lakshmi Cement faces supply chain issues and rising pet coke prices, hopes FTAs with EU and US will ease global supply.
•India is a net importer of pet coke, a crucial raw material for cement production.
•Company launches LC-3 (Limestone Calcined Clay) cement, a green product aiming for 40% carbon intensity reduction.
•New green product to be manufactured at Jaykaypuram plant in Sirohi, Rajasthan, targeting Indian market.
•JK Lakshmi Cement plans to increase production from 18 million tons to 30 million tons by 2030, anticipating 7-9% CAGR in cement industry.

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