JK Lakshmi Cement Ltd share Price Today

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".

Result PDF