JK Lakshmi Cement’s Net Profit up at Rs. 102.53 Cr.
JK Lakshmi Cement Limited registered a sale of Rs. 1192.80 Cr. in Oct-Dec. 20 against sales of Rs. 1004.95 Cr. in Oct-Dec 2019, an increase of 19% aided by significant volume increase. Large volume and JK Lakshmi Cement’s concerted efforts to optimise the product mix and improve efficiency parameters enabled the company to boost its profitability. Lower fuel prices in the quarter also contributed in improving the working. EBITDA moved up to Rs. 212.46 Cr. in Oct-Dec’20 from Rs. 166.59 Cr. in Oct-Dec. 19 i.e. an increase of 28%. After providing for interest and depreciation, PBT stands at Rs. 127.15 Cr. in Oct-Dec. 20 against Rs. 75.35 Cr. in Oct-Dec. 19. After Providing for Taxes and Other Comprehensive Income, Company’s Profit rose to Rs. 102.53 Cr. in Oct-Dec. 20 from Rs. 49.31 Cr. recorded in quarter ended Dec. 19 i. e. a jump of 108%.
Company has brought down Power consumption to 69 kWh/ton in Oct-Dec. 20 from 70 kWh/ton in Oct-Dec.19. During Nine months Apr-Dec. 20, notwithstanding COVID affected dull period, the Net Sales rose by 3% to Rs. 3062.72 crore (Rs. 2982.31 crore). With better operating parameters EBITDA was up by 14% at Rs. 569.02 crore (Rs. 497.94 crore). JK Lakshmi Cement’s profit at PAT level stood higher at Rs. 227.97 crore against profit of Rs. 134.90 crore in the same period last year.
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