JK Cement Net Up 8% With New Paint Unit; SBFC Profit Jumps 27.5%
India's corporate earnings season delivered robust momentum for mid-cap industrial and financial counters on Saturday, October 24, 2026, as building materials major JK Cement Limited and retail-focused non-banking financial company (NBFC) SBFC Finance Limited posted substantial year-on-year expansion in their top-line revenues and bottom-line earnings for the second quarter (Q2) of fiscal year 2026-27. While JK Cement navigated slight margin contractions to lift its consolidated net profit by 8 percent to ₹173 crore alongside ambitious manufacturing diversification into paints, SBFC Finance demonstrated aggressive credit growth with a 27.5 percent surge in quarterly net profit to ₹138 crore. The upbeat financial scorecards provide solid execution visibility across domestic infrastructure and credit sectors ahead of Monday's trading session on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
JK Cement Revenue Climbs 24% to ₹3,733 Cr as Board Clears ₹130 Cr Telangana Paint Facility
In the building materials domain, Kanpur-headquartered JK Cement reported an 8 percent year-on-year increase in consolidated net profit to ₹173 crore for the July-September quarter, improving from ₹160.5 crore recorded during the corresponding period of the previous fiscal year. Driven by heightened domestic dispatch volumes and infrastructure consumption across key northern and central regional markets, operational revenue surged 24 percent to ₹3,733.4 crore against ₹3,019.2 crore in Q2 FY26. Operating profitability followed suit, with earnings before interest, tax, depreciation, and amortization (EBITDA) rising 13.5 percent to ₹507.4 crore compared to ₹447 crore a year earlier. However, higher input overheads compressed the operational EBITDA margin to 13.6 percent from 14.8 percent a year ago, reflecting persistent competitive pricing headwinds in the cement sector. Simultaneously, the company unveiled an aggressive capital expenditure initiative, with the board formally approving a ₹130 crore greenfield investment through a subsidiary to erect a 75,000-kiloliter annual capacity water-based decorative paint manufacturing plant in Telangana, slated to turn operational within 12 months of groundbreak, while confirming that its key Bhiwadi manufacturing plant remains on track to achieve full commercial operations by FY 2027-28.
SBFC Finance Posts 31.3% NII Surge as Assets Under Management Scale to ₹12,592 Cr
Financial services provider SBFC Finance registered exceptional operating strength during the September quarter, propelled by sustained retail credit disbursements and expanding geographic penetration among micro, small, and medium enterprises (MSMEs). The non-banking lender recorded a 27.5 percent year-on-year surge in standalone net profit to ₹138 crore, climbing from ₹109 crore in the second quarter of the previous financial year. The lender's core lending spread expanded significantly, with Net Interest Income (NII)—the difference between interest earned on retail advances and interest paid on market borrowings—jumping 31.3 percent to ₹1,351 crore against ₹1,029 crore in the prior-year period. Total Assets Under Management (AUM) reached a record milestone of ₹12,592 crore, marking a robust 27 percent year-on-year growth and an encouraging 6 percent sequential expansion over the first quarter. With both financial institutions exhibiting resilient balance-sheet fundamentals and structural portfolio expansion, institutional investors and retail traders will closely track JK Cement and SBFC Finance as domestic bourses resume trade on Monday.
