Board recommends Price Waterhouse Chartered Accountants LLP as statutory auditors for 5 years
Unaudited results for the September 2026 quarter and half year.
By ScoutQuest · · 2 min read
- Q2 Revenue from operations
- Rs. 3,594.70 crore
- Q2 Profit after tax
- Rs. 190.00 crore
- New paint plant capacity and cost
- 75,000 KLPA water-based paint plant; estimated cost INR 130 Crore
What the board approved
The board met on October 24, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026, amendments to the insider trading code, a change of statutory auditors, and took note of a paint capacity expansion by its wholly owned subsidiary.
Q2 and half-year numbers (standalone, unaudited)
- Revenue from operations for the September 2026 quarter was Rs. 3,594.70 crore and profit after tax was Rs. 190.00 crore.
- For the half year ended September 30, 2026, revenue from operations was Rs. 7,460.82 crore and profit after tax was Rs. 481.00 crore.
- The statutory auditors issued an unmodified conclusion on the financial results.
Auditor change
- Based on the recommendation of the Audit Committee, the board recommended Price Waterhouse Chartered Accountants LLP as the statutory auditors of the company for a term of 5 consecutive years, from the conclusion of the 33rd AGM in 2027 till the conclusion of the 38th AGM in 2032.
- The appointment is subject to the approval of the shareholders and other statutory requirements, including confirmation of eligibility and independence.
- M/s. S. R. Batliboi & Co. LLP, the present statutory auditors, completes its second term of 5 consecutive years at the conclusion of the 33rd AGM.
Paint capacity expansion
- JK Maxx Paints Limited, a wholly owned subsidiary, has decided to set up a new water-based paint manufacturing plant with a capacity of 75,000 KLPA at Raghunadhapalem, Suryapet District, Telangana.
- The estimated capital cost is INR 130 Crore, to be funded within the INR 600 Crore investment in the paints business already approved by the board.
Other points from the update
- The board approved amendments to the Code of Conduct for regulating, monitoring and reporting of trading by designated persons, and to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective immediately.
- The auditors' review report carries an emphasis of matter relating to the ongoing litigation with the Competition Commission of India; the conclusion is not modified in respect of this matter.
- A certificate from the statutory auditors on security cover, compliance with covenants and book value of assets as at September 30, 2026 was part of the enclosures to the exchanges.
Also from JK Cement
Auditors certify covenant compliance; security cover at 3.76 times for listed NCDs
24 Oct 2026
Q2 FY27 investor presentation: 32.3 MTPA capacity, 50 MTPA target by FY30, project-wise costs
24 Oct 2026
Subsidiary to set up 75,000 KLPA water-based paint plant in Telangana at estimated cost of INR 130 Crore
24 Oct 2026
More numbers
- Revenue from operations, September 2026 quarter (standalone)3,594.70 crore
- Profit after tax, September 2026 quarter (standalone)190.00 crore
- Revenue from operations, half year ended September 30, 2026 (standalone)7,460.82 crore
- Profit after tax, half year ended September 30, 2026 (standalone)481.00 crore
- Term of proposed statutory auditor appointment5 (five) consecutive years
- Capacity of new water-based paint plant at Telangana75,000 KLPA
- Estimated capital cost of new paint plantINR 130 Crore
- Approved investment in the paints businessINR 600 Crore
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