JK Lakshmi Q1 Results

Cement Business Performance

JK Lakshmi Cement, a member company of the JK Organization, reported its Q1 results as under:

Standalone net loss of Rs 23.48 crore as against a net profit of Rs 40.45 crore in the April-June period of last year.
Total standalone income of the company was at Rs.590.75 crore as against a net profit of Rs 600.42 crore in the April-June period of last year.
Dip in total standalone income was 2% as against the April-June period of last year.
Increase in total expenses was 12% as against the April-June period of last year.

Subdued cement markets particularly in North and West, poor demand for cement, together with higher costs are stated to be the reasons for the Q1 results.

JK Lakshmi Cement has a marketing network of about 3000+ dealers spread in the states of Rajasthan, Gujarat, Delhi, Haryana, Uttar Pradesh, Uttarakhand. Punjab, Jammu & Kashmir, Maharashtra, Madhya Pradesh,Chhattisgarh, Odisha & West Bengal.

JK Lakshmi Cement has an annual turnover of Rs. 2300 crores.The company's Green field plant at Durg, has an installed capacity of nearly 2.7 million tonnes per annum (mtpa). Following commissioning, installed cement making capacity of the company now stands at 9.3 mtpa.

JK Lakshmi's Gujarat second grinding unit is expected to come into stream by the end of the current financial year.

Interview with Shaildendra Chouksey, Wholetime Director, JK Lakshmi Cement ...

JK Lakshmi Cement Business Results...