Third Quarter Results
JK Lakshmi Cement reported a net profit of ₹57 crore for the third quarter, down 23% year-on-year from ₹74 crore. Revenue from operations rose 6.3% year-on-year to ₹1,588 crore, up from ₹1,496 crore in the same quarter last year.
EBITDA for the quarter stood at ₹205.5 crore, a 2.1% increase from ₹201.2 crore in the corresponding period of the previous year. EBITDA margin came in lower at 12.9%, compared with 13.4% in the year-ago quarter.
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JK Lakshmi Cement is constructing a railway siding at its Durg cement plant at a cost of ₹325 crore, to be funded through a debt of ₹225 crore, with the balance financed through internal accruals. The first phase of this project has already been completed.
The company is also expanding the clinker capacity at its integrated cement plant in Durg, Chhattisgarh, by adding an additional clinker line of 2.3 million tonnes per annum and four cement grinding units aggregating to 4.6 million tonnes per annum.
In addition, three split-location cement grinding units with an aggregate capacity of 3.4 million tonnes per annum are planned at Prayagraj in Uttar Pradesh, Madhubani in Bihar, and Patratu in Jharkhand.
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The total cost of the expansion project is estimated at ₹3,000 crore, proposed to be funded through bank term loans of ₹2,100 crore, with the balance through internal accruals. The project will be implemented in phases and is expected to be fully completed by March 2028.
Shares of JK Lakshmi Cement Ltd ended at ₹607.80, up by ₹2.45, or 0.40%, on the BSE.
