JK Lakshmi Cement Posted Net Profit up at Rs 161.26 Cr. in Jan-Mar.22

JK Lakshmi Cement Posted Net Profit up at Rs 161.26 Cr. in Jan-Mar.22: JK Lakshmi Cement Ltd., one of the leading cement companies of India, recorded a turnover of Rs.1497.64 crore in Jan-Mar. 22 with an increase of 13% over Rs.1321.99 crore in the corresponding quarter Jan-Mar 21.

Despite unabated increase in Petcoke and Diesel prices which are hovering at all time high, JK Lakshmi Cement could achieve healthy profitability by continuous improvement in operational efficiencies, energy cost, better product mix and higher volume. JK Lakshmi Cement’s EBIDTA before Other Income moved up to Rs.276.23 crore in Jan-Mar.22 from Rs.267.88 crore in Jan-Mar.21.

After providing for interest, depreciation & Exceptional Item, PBT stood at Rs.197.93 crore in Jan-Mar.22 as against Rs.186.53 crore in Jan-Mar.21. After Providing for Taxes and Other Comprehensive Income, JK Lakshmi Cement’s Profit was up at Rs.161.26 crore in Jan-Mar.22 against Rs.138.27 crore logged in the corresponding quarter.

During the Twelve months April21–March22 Company’s Sales increased by 15% to Rs.5040.78 crore (Rs.4384.71 crore) and EBITDA was up at Rs.868.52 crore (Rs.864.22 crore).  JK Lakshmi Cement’s profit at PAT level during this period moved up by 14% to touch all time high at Rs.417.56 crore against profit of Rs.366.24 crore in the same period last year.

During the Quarter, JK Lakshmi Cement has commissioned 10 MW Waste Heat Recovery (WHR) Project at its Sirohi Plant, taking the Company’s total WHR Capacity to 33 MW.

The Board has recommended 100% Dividend for the Financial Year ended 31^st March 2022.