JK Lakshmi mainly caters to North, West & Eastern markets with total capacity of 13.3MT (Incl. subsidiary). It has integrated units at Sirohi, Udaipur (Rajasthan), and Durg (Chhattisgarh) while grinding units are located at Jhajjar (Haryana), Cuttack (Odisha), Kalol and Surat (Gujarat).
It also has 105MW power plant (74MW CPP, 21MW WHRS, and 10MW Solar) that fulfils its 75% of total power requirements.
The company is now adding 2.5MT cement capacity (1.5MT clinker) through its subsidiary unit UCWL at cost of ~₹1650 crore
Q4FY22
The results were better than estimates especially on the margins front due to lower than expected fuel and other expenses.
Revenues were up 13.3% YoY to ₹1497.6 crore (vs I-direct est: ₹1448 crore) led by sales volume growth of 6.9% YoY to 3.1MT
Absolute EBITDA improved 3.1% YoY to ₹276.2 crore (up 88.7% QoQ). EBITDA margin of 18.4% was far higher than I-direct estimate of 10.7%.
PAT of ₹59.2 crore was down 42.1% YoY, vs (vs our est: ₹53.6 crore)
JK Lakshmi Cement announced Q2FY24 & H1FY24 results:
Financial Performance
1. JK Lakshmi Cement Limited reported an increase in net sales by 12% in Q2FY24 compared to the same period last year.
2. The company's profit after tax (PAT) for Q2FY24 jumped 41% to Rs 83.03 crore.
3. The net debt to EBITDA ratio for Q2FY24 stood at 0.19, indicating a healthy financial position.
4. The company achieved a clinker capacity utilization of 100% in Q2FY24, showcasing efficient operations.
5. The company achieved a cement capacity utilization of 73% in Q2FY24.
6. JK Lakshmi Cement's consolidated net sales for H1FY24 reached Rs 3,304.78 crore, representing a growth of 14%.
Operational Highlights and Sustainability:
1. JK Lakshmi Cement is implementing a project to enhance its Thermal Substitution Rate (TSR) from 4% to 16% as part of its green initiatives.
2. The company has tied up with a solar power source, increasing the share of renewable power at its Durg Cement Plant from 36% to 80%.
3. The company has undertaken a project to set up an additional cement grinding unit of 13.50 lakh tonnes per annum at its Surat Grinding Unit.
4. Udaipur Cement Works Limited, a subsidiary of JK Lakshmi Cement, successfully commissioned its second clinker line, doubling its clinker capacity to 3 million tonnes per annum.
5. JK Lakshmi Cement's Sirohi plant has been honored with multiple awards for its safety, health, and environmental initiatives.
Capex:
1. The company has taken up the setting up of an additional cement grinding unit at its Surat plant.
Commenting on the Results of the Company, Vinita Singhania, Vice Chairman & Managing Director (VC&MD) of the Company said "The profitability of the Company improved on account of Higher Volume, Better Product & Sales Mix, and Reduction in Fuel Cost".
You can buy JK Lakshmi Cement Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy JK Lakshmi Cement Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:58 PM the closing price of JK Lakshmi Cement Ltd was ₹ 875.70.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:58 PM, the market cap of JK Lakshmi Cement Ltd stood at ₹ 10,304.36.