Cement News tagged under: JK Lakshmi Cement
JK Lakshmi Cement reports 37% rise in net profit21 May 2021, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs like petcoke, diesel, fly ash and gypsum, JKLC has improved its profitability on account of substantia... |
JK Lakshmi Cement's sales rise 19% in Oct-Dec 202001 February 2021, Published under Cement NewsJK Lakshmi Cement Ltd recorded sales of INR11,928m (US$163.27m) in October to December 2020 compared to INR10,049.5m in October to December 2018, a rise of 19 per cent. JK Lakshmi Cement’s efforts to raise the product mix and improve efficiency parameters combined with increased demand boosted company profitability. EBITDA rose to INR2124.6m in October to December 2020 from INR1665.9m in the same period in the prior year, up 28 per cent. profits before tax stood at INR1271.5m in Octo... |
JK Lakshmi Cement invests in IoT and automation15 January 2021, Published under Cement NewsJK Laksmi Cement (JKLC) has recently invested in IoT and automation. The company applying IoT for key operations such as managing fleet, supply chain, and even for water conservation. It is also looking to automate its logistics operations and supply with the help of a machine learning-based platform. "We have been using AI engines for optimising manufacturing operations at our cement production plants across the country. This year we are committed to successfully piloting an automation p... |
JK Lakshmi Cement sees 87% rise in net profit05 November 2020, Published under Cement NewsIndia’s JK Lakshmi Cement has seen an 86.9 per cent YoY rise in consolidated net profit to INR929.3m (US$12.5m) for the quarter ending 30 September 2020, compared with INR497.2m in the year-ago period. Revenue from operations also increased 11.8 per cent YoY to INR11.32bn from INR10.12bn in the 2QFY20-21. "The company's concerted efforts to improve efficiencies, better product mix and reduce logistic costs enabled the company to push its profitability up. The softening in petcoke prices ... |
JK Lakshmi Cement reports 6% dip in net profit14 August 2020, Published under Cement NewsIndia’s JK Lakshmi Cement saw a 5.8 per cent YoY decline in consolidated net profit to INR506.3m (US$6.76m) for the June quarter, against INR537.5m in the year-ago period. Revenue from operations also fell 19.8 per cent YoY to INR9.12bn from INR11.36bn in the 1QFY19-20. "Sales volume was severely impacted by lockdown restrictions during most part of the quarter [...] resulting in sales volume plunging by 18 per cent in Apr-June 2020 over Apr-June 2019,” said the company. However, on a ... |
JK Lakshmi sees 13% rise in net profit07 August 2020, Published under Cement NewsIndia’s JK Lakshmi Cement posted a 12.9 per cent increase in net profit to INR446.4m (US$5.96m) for the 1QFY20-21, compared with INR395.4m last year. However, it noted that sales volumes were severely impacted by lockdown restrictions. Sales saw a 21 per cent decline to INR8.25bn from INR10.42bn in the 1QFY19-20. EBITDA was also down 14 per cent YoY to INR1.52bn. The company noted the importance of cost savings in improving its operating margins. "To reduce the power cost, the company ... |
JK Lakshmi Cement sees 151% increase in net profit22 May 2020, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 150.5 per cent YoY increase in net profit to INR986.3m (US$13.04m) in the final quarter of FY19-20, against INR393.8m in the corresponding quarter of the previous fiscal. However, the company’s revenue from operations was down 11.1 per cent YoY to INR11.37bn from INR12.79bn in the 4QFY18-19. The company has attributed the results to an improved product mix, market optimisation, alongside a reduction in logistic costs and improvements in plant effic... |
Indian manufacturers prepare to resume production21 April 2020, Published under Cement NewsIndia’s ACC, India Cements, JK Lakshmi and JK Cement are looking to resume cement production in a phased manner from 20 April, while also abiding by all standard operating procedure guidelines related to social distancing. In new guidelines issued on 15 April, the Indian government has allowed industrial units located in rural areas to operate from 20 April. "We would like to inform that the company shall resume operations, from 20 April 2020, in a phased manner, subject to requisite p... |
JK Lakshmi Cement seeks government approval to resume its Indian production17 April 2020, Published under Cement NewsJK Lakshmi Cement has informed Indian Stock Exchanges on 16 April that the company is seeking necessary approvals from the relevant state government authorities to resume operations at its various plant locations. The company is also closely monitoring the situation and will take requisite steps in accordance with the directions issued by central and state government, from time to time. The company has put in place the required safety measures for the workers and employees at the plants in... |
JK Lakshmi Cement records 251% surge in net profit30 January 2020, Published under Cement NewsIndia’s JK Lakshmi Cement has seen a 251 per cent YoY surge in its net profit to INR493.1m (US$6.92m) in the October-December 2019 period, compared with INR140.5m in the previous year. Sales rose seven per cent YoY to INR10.05bn from INR9.35bn, while EBITDA advanced 48.5 per cent to INR1.67bn. The improved results were attributed to a reduction in logistic costs and improvements in fuel prices. During the nine months until December 2019, net sales increased 10.1 per cent YoY to INR29.82b... |