JK Lakshmi Cement Ltd share Price

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

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)

Q4FY23 Quarterly & FY23 Annual Result Announced for JK Lakshmi Cement Ltd.

JK Lakshmi Cement announced Q4FY23 & FY23 results:

• The Company has become 'Net Debt Free Company' as of 31st March 2023
• The Standalone Net Sales increased by 20% in FY23
• The Standalone Sales Volume increased by 7% in FY23
• The Company achieved a Capacity Utilization of 89% in Q4FY23 Vs 77% in Q3FY23
• The Company proposes to issue Green Bonds of Rs 200 crore to fund Green Project

Commenting on the Results of the company, Vinita Singhania, Vice Chairman & Managing Director (VC&MD) of the company said, "despite unabated increase in the fuel cost. the Company has been able to record satisfactory performance by improving its various Efficiency parameters, better Product Mix & Geo Mix & focusing on several Green Initiatives "

Result PDF