JK Cement shares hit new record high on strong Q4 results: Should you buy, sell, or hold?

JK Cement hits fresh highs as March quarter profit surges 77 percent, backed by strong grey cement volumes and margin expansion.

Shares of JK Cement surged 19 percent on May 26 to hit a new record high of Rs 6,100 per share, after the company posted a strong performance for the March quarter (Q4FY25).

Brokerage firm Jefferies maintained a “buy” rating on the stock with a target price of Rs 5,520. According to their report, JK Cement’s fourth-quarter EBITDA stood at Rs 736 crore, marking a 35 percent year-on-year increase. The outperformance was driven by both stronger volumes and improved realisations.

Grey cement volumes rose by 15 percent compared to the same period last year, while realisations improved by 3 percent on a sequential basis. The unit EBITDA came in at Rs 1,265—higher by Rs 225 QoQ. Jefferies also noted that the company’s FY25 EBITDA stood at Rs 1,980 crore, placing it among the best-performing peers in the industry.

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Motilal Oswal also issued a “buy” call, stating that JK Cement’s results were in line with their expectations. Analysts from the firm highlighted that the company’s capacity expansion is on track, with grey cement capacity expected to reach approximately 30 million tonnes per annum (mtpa) by FY26, up from the current 24.34 mtpa.

JM Financial echoed the positive outlook with a “buy” rating as well, noting that JK Cement posted its highest-ever standalone EBITDA for a single quarter. The brokerage reported a sharp 35 percent YoY and 50 percent QoQ growth in EBITDA, which exceeded their estimates.

JK Cement’s net profit for Q4FY25 came in at Rs 417 crore, representing a 77 percent increase from Rs 236 crore in the same quarter last year. Revenue also climbed 14 percent YoY, reaching Rs 3,343 crore during the quarter.

The company’s EBITDA rose to Rs 736.6 crore in Q4FY25, up from Rs 547 crore in Q4FY24—a 34.5 percent jump. Operating margins improved as well, expanding to 22.03 percent compared to 18.63 percent in the year-ago quarter.

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