JK Lakshmi Cement Q4 Result , declared Dividend of 0.75 per equity share.

JK Lakshmi Cement  Q4 Result , declared Dividend of 0.75 per equity share.

 

JKLC Posted a Net Profit of 44.40 Crore in Jan-Mar.19

 

JKLC posted 36% jump in its Net Profit to 44. 40 Crore recorded in Jan-Mar. 19 from 32. 66 Crore in
Jan-Mar. 18. Company registered healthy production and sales growth of 33% and 32% respectively.
Higher volume led to increase in Net Sales by 31% at ?1172. 46 Crore in Jan-Mar. 19 from ?896. 95
Crore in Jan-Mar. 18. EBIDTA before Other Income were up at ?131. 24 Crore in Jan-Mar. 19 from
^101. 27 crore in Jan-Mar. 18. Company’s profitability would have been higher but for the higher pet
coke & diesel prices. After accounting for Other Income, interest and depreciation, PBT stood high at
?57. 40 Crore in Jan-Mar. 19 against ^33, 75 Crore in Jan-Mar. 18 showing an increase of 70%. During
the quarter, Company improved its Fuel consumption to 699 K. Cal/kg of Clinker in Jan-Mar. 19 from
700 K. Cal/Kg of Clinker in Jan-Mar. 18. Company’s concerted efforts of reducing logistic and
manufacturing costs contributed to the improved performance.

Company recorded a cement volume growth of 15% during Apr. 18-Mar. 19 over Apr. 17-Mar. 18 as
against industry growth of 12% All India and 9% in the Company’s operating market. During Twelve
months Company’s Net Sales rose by 14% to ?3882. 34 Crore (T3412. 15 Crore). EBIDTA before
Other Income increased to ?415 crore (?411. 36 Crore). PBT stood higher at ?104.43 Crore (^102. 71
Crore), The Net Profit was at ?80. 10 Crore (?82. 15 Crore).

Company has two projects in hands, 20 MW Thermal Power Plant at Durg and 0. 8 million Odisha
Grinding Unit. These projects are likely to be commissioned in the first quarter of FY 20. These
projects will further boost company’s operating efficiencies in terms of lower power and logistic cost.
On completion of 20 MW Thermal Power Plant at Durg, Company’s captive power capacity will be
enhanced to 105. 5 MW.

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