JK Lakshmi Cement’s Annual Net Profit up by 55%

 

Mumbai: JK Lakshmi Cement, one of the leading cement companies, recorded a jump of 25% in its turnover at Rs. 1321.99 Cr. in the quarter Jan-Mar’21 against turnover of Rs. 1061.19 Cr in the corresponding quarter Jan-Mar 2020. Despite hike in the prices of inputs like Petcoke, Diesel, Fly Ash, Gypsum, JK Lakshmi Cement has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc. Company’s EBITDA stood higher at Rs. 295.20 Cr. in Jan-Mar’21 from Rs. 224.52 Cr. in Jan-Mar’20 i.e. an increase of 31%. After providing for interest and depreciation, PBT moved up by nearly 66% to Rs.217.45 Cr. in Jan-Mar’21 from Rs. 131.09 Cr. in Jan-Mar’ 20. After Providing for Exceptional Item, Taxes and Other Comprehensive Income, JK Lakshmi Cement’s Profit rose to Rs. 138.27 Cr. in Jan-Mar’21 from Rs. 101.21 Cr. recorded in the corresponding quarter a jump of 37%.

During Twelve months Apr.20-Mar.21 Sales increase by 8% to Rs.4384.71 crore (Rs.4043.50 crore). With improved operating parameters EBITDA was up by 20% at Rs. 864.22 crore (Rs. 722.46 crore). JK Lakshmi Cement’s profit at PAT level jumped by 55% at Rs. 366.24 crore against profit of Rs. 236.11 crore in the same period last year.

“This performance has been achieved during pandemic period when we lost nearly 55 days of production and 40-45 days of sales. It is highly satisfying and speaks greatly of the Team JK Lakshmi’s passion and commitment” said Mrs. Vinita Singhania, the Vice Chairman & Managing Director.

Board has recommended a dividend of Rs. 3.75 per equity share i.e. 75% for the Financial year ended 31st March 2021.

 

 

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