JK Cement

“Revenue paint revenue in this quarter is INR116 crores. And we maintain our guidance for the year as a whole, because we have already reached a level of around INR250 crores in first half.”

“So, what I said that this year in paint business, we should end up with a positive EBITDA.”

“So at the integrated site, the work is in advance stage and it is on schedule. And we are confident to commission the plant in first half of FY28.”

“Similarly, at the grinding stations, at Bikaner, the work is also is progressing and we are confident of commissioning in the first half of FY28.”

“we are targeting within September 2027, we should commission the plant.”

“And as the working with the paint business is already on course of break-even in this fiscal, we do not see that going forward there would be any further requirement of any investment in the paint business.”

“this is what we are targeting in first half of FY29 to make this Mahan operative.”

“So, India capacity for white and putty is 3.05, 0.6 is the white cement capacity in UAE. So total capacity of white cement and putty is 3.65.”

“And we are already, you know, operating at a very at about 90% capacity utilization.”

“About 50% is there, closer to 50%.”

“The results of the expansion are quite evident. In in March last fiscal, we completed a 6 million ton expansion.”

“No. See, one is that we are already going to touch INR500 crores in this, which will the existing plant will get fully utilized when we achieve this number or maybe going forward in the subsequent year.”

“Q2 was a loss of INR2 crores.”

“So each plant takes about 6 months to get a breakeven.”

“So RMC is at a developing stage, if you look at there's no EBITDA at this stage”

“Construction chemicals and RMC, mainly the RMC, because we started from the previous quarter only. And then INR60 crores number is the RMC and the construction chemical.”

“as now we are coming up with a big expansion in the North, so in the next fiscal we have to see that we get a good market share in the North also.”

“Yes, we do not foresee that any significant impact would be there. And whatever is our -- we are hopeful that we will achieve our annual target numbers in those regions.”

“And in any case, the drought impact regions, our total share is quite nominal. If you look at out of the total share of our volume, there, it combines about 15% of our volumes coming in from the South plant of the total volumes.”

“So one, see, we have since we do not have extra volume in the North, and so we have maintained our market share in the North and we have definitely gained market share in the Central India, the markets of Central India.”

“So, what I said that the premium market demand is also increasing.”

“See I think it can happen after Diwali, because now Diwali you know, people start moving in next 10, seven, eight days to so there will be the construction activity will get slowed down, because the laborers start moving out.”

“So I think the total impact from 1.71 as a cost which was there on exit of how the things look and if they continue like that, the cost may go up to closer INR2.”

“So, as I said earlier, you know, we should see power and fuel cost increasing by between INR80 to INR100 in each of the quarters.”

“CC ratio was 1.5. And fuel mix was 55% Indian coal, 13% alternate fuels, and balance is petcoke.”

“So, there you know, the imported US coal or petcoke will always be there, and we will have to primarily use that fuel in in the North and the South plants.”

“It is it is because the margins are lower because the costs have increased and we have not been able to pass on the costs to that extent.”

“net debt-to-EBITDA may reach, you know, say about 2.3, 2.35 or between 2.25 to 2.35. That is the peak, which will be at the mostly at end of fiscal '27.”

“our specific target is that, you know, once we complete this, we should be well within 1.5. But it will take two or three years when we start reaping the profits of the expansion.”

“So the net debt today it's about INR4,571 crores. It could peak up to closer to INR6,000 crores.”

“As regards the balance sheet, the gross debt position as on 30th September is INR6,255 crores as compared to INR5,136 crores.”

“The cash available as on 30th September is INR1,684 crores as compared to INR1,755 crores.”

“No, it's a routine, it's all planned maintenance. There is nothing specific.”

“There's already some construction act imposition at New Delhi because of pollution and other things. So you have to factor all those uncertainties.”

“As far as your question on UP is concerned, yes, it is going on for elections, but I don't think so elections will be held before March. If it is so, there could be some disruption.”

“Yes, it is under, I mean, the approval, we are expecting the formal letters very shortly.”

“But definitely on all these costs, if there is a impact of if rupee depreciates, then there could be some cost impact, because it has a direct impact on the granules cost.”

“So Fujairah is not able to export any cement or clinker to any other part of the world, except for the GCC nations.”

“Incentive, just a minute. INR45 crores is for the quarter.”

“Our subsidy is only because -- about INR80 a ton.”

“So, one is the normal level of the clinker inventory, which will continue from Q3 onwards.”

“The net sale during this quarter increased by 21% year-on-year to INR3,561 crores as compared to INR2,932 crores.”

“The EBITDA during this quarter was INR500 crores as compared to INR440 crores in the previous year and INR639 crores in the previous quarter.”