Home CORPORATE DOSSIER JK Lakshmi Cement’s Net Profit spirals up to Rs.102.53 Cr

JK Lakshmi Cement’s Net Profit spirals up to Rs.102.53 Cr

JK Lakshmi Cement Limited registered a sale of Rs.1192.80 Cr. in Oct-Dec. 20 against sales of Rs. 1004.95 Cr. in Oct-Dec 2019, an increase of 19% aided by significant volume increase. Large volume and JK Lakshmi Cement’s concerted efforts to optimise the product mix and improve efficiency parameters enabled the company to boost its profitability. Lower fuel prices in the quarter also contributed to improving the working.  EBITDA moved up to Rs.212.46 Cr. in Oct-Dec’20 from Rs. 166.59 Cr. in Oct-Dec. 19 i.e. an increase of 28%.  After providing for interest and depreciation, PBT stands at Rs. 127.15 Cr. in Oct-Dec. 20 against Rs. 75.35 Cr. in Oct-Dec. 19.  After Providing for Taxes and Other Comprehensive Income, Company’s Profit rose to Rs.102.53 Cr. in Oct-Dec. 20 from Rs. 49.31 Cr. recorded in the quarter ended Dec.19 i. e. a jump of 108%

Company has brought down Power consumption to 69 kWh/ton in Oct-Dec. 20 from 70 kWh/ton in Oct-Dec. 19.

During Nine months of Apr-Dec. 20, notwithstanding COVID, affected dull period, the Net Sales rose by 3% to Rs. 3062.72 crore (Rs.2982.31 crore).  With better-operating parameters, EBITDA was up by 14% at Rs.569.02 crore (Rs.497.94 crore).  JK Lakshmi Cement’s profit at PAT level stood higher at Rs.227.97 crore against a profit of Rs.134.90 crore in the same period last year.

JK Lakshmi Cement Limited is a part of the prestigious JK Organisation. This eminent industrial house is over a hundred and twenty-five years old and boasts operations in India and abroad with a leadership presence in the fields of the tyre, cement, paper, power transmissions and sealing solutions, dairy products and textiles.

Taazakhabar News Bureau
Taazakhabar News Bureau
Taazakhabar News Bureau is a team of seasoned journalists led by Neeraj Mahajan. Trusted by millions readers worldwide.

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