Net Profit Jumps 109% YoY to Rs.156.31 Crores in Apr-June 2024

Financial Results: Q1FY25 New Delhi, Delhi, India (NewsVoir) JK Lakshmi Cement Ltd. (JKLC), a flagship company of JK Organization, today announced its financial results for the first quarter of Financial Year 2025. Financial Highlights | Particulars | Units | Apr-June 24 Quarter | Apr-June 23 Quarter | |————————-|————|———————-|———————-| | Sales Volume | Lac Tonnes | 23.26 | 25.31 | | Net Sales | Rs. Crores | 1444.52 | 1633.31 | | PBIDT | Rs. Crores | 276.73 | 181.45 | | PBT | Rs. Crores | 210.81 | 111.51 | | PAT | Rs. Crores | 156.31 | 74.88 | | Net Debt to EBIDTA | Times | 0.29 | -0.17 | | Net Debt Equity | Times | 0.10 | -0.04 | Composite Scheme of Arrangement The company’s board approved the composite scheme of arrangement, which involves the merger of its subsidiaries Udaipur Cement Works Ltd (UCWL), Hansdeep Industries & Trading Company Limited, and Hidrive Developers & Industries Limited into itself.

This is subject to various regulatory approvals and compliances. The appointment date for the merger is set for 1st April 2024. In the words of Smt. Vinita Singhania, Chairperson & Managing Director (CMD) of the Company, this consolidation aims to enhance value for all stakeholders. Sustainability The company is undertaking a project to enhance its TSR from 4% to 16% in a phased manner at its Sirohi Cement Plant as part of its green initiatives. In addition, during the quarter, the company successfully commissioned a WHR 3.5 MW at Sirohi.

Capex The company’s subsidiary, Udaipur Cement Works Ltd. (UCWL), successfully commissioned its 2nd Clinker Line of 1.50 Million Tonnes Per Annum in October 2023, doubling its clinker capacity to 3 Million Tonnes Per Annum. The company is also expanding its Cement Grinding capacity at its Surat Grinding Unit from 1.35 Million Tonnes to 2.7 Million Tonnes, with the project likely to cost Rs.225 Crores. Additionally, the company is putting up a Railway Siding at its Durg Cement Plant at a cost of Rs.325 Crores and expanding the Clinker Capacity at its integrated Cement Plant at Durg in Chhattisgarh.

Outlook With the government’s focus on infrastructure development and higher budgetary allocation towards infrastructure development, the outlook for the cement sector is quite positive in the coming year. About JK Lakshmi Cement Limited JK Lakshmi Cement Limited, a part of the prestigious JK Organisation, is over 135 years old and has a leadership presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products, and textiles.

JK Lakshmi Cement, started in 1982, has a formidable presence in Northern, Western, and Eastern India’s cement markets. The company aims to reach a Cement Capacity of 30 Million Tonnes by 2030, with the present combined capacity of the company at about 16.5 Million Tonnes per annum.

The company offers a wide range of products under Smart Business Solutions (SBS), such as JK Lakshmi Powermix- Ready Mix Concrete (RMC), JK Lakshmi Plast- Gypsum Plaster, and JK SmartBlox- Autoclaved Aerated Concrete Blocks (AAC Blocks).