JKLC posted 36% jump in its Net Profit to Rs. 44. 40 Crore recorded in Jan-Mar 19 from Rs. 32. 66 Crore in Jan-Mar 18. Company registered healthy production and sales growth of 33% and 32% respectively. Higher volume led to increase in Net Sales by 31% at Rs. 1172. 46 Crore in Jan-Mar. 19 from Rs. 896.95 Crore in Jan-Mar. 18. EBIDTA before Other Income were up at Rs. 131. 24 Crore in Jan-Mar. 19 from Rs. 101. 27 crore in Jan-Mar. 18. Company's profitability would have been higher but for the higher pet coke & diesel prices. After accounting for Other Income, interest and depreciation, PBT stood high at Rs. 57. 40 Crore in Jan-Mar. 19 against Rs. 33, 75 Crore in Jan-Mar. 18 showing an increase of 70%. During the quarter, Company improved its Fuel consumption to 699 K. Cal/kg of Clinker in Jan-Mar. 19 from 700 K. Cal/Kg of Clinker in Jan-Mar. 18. Company's concerted efforts of reducing logistic and manufacturing costs contributed to the improved performance.
Company recorded a cement volume growth of 15% during Apr. 18-Mar. 19 over Apr. 17-Mar. 18 as against industry growth of 12% All India and 9% in the Company's operating market. During Twelve months Company's Net Sales rose by 14% to Rs. 3882. 34 Crore (Rs. 3412. 15 Crore). EBIDTA before Other Income increased to Rs. 415 crore (Rs. 411.36 Crore). PBT stood higher at Rs. 104.43 Crore (Rs. 102.71
Crore), The Net Profit was at Rs. 80.10 Crore (Rs. 82.15 Crore).
Company has two projects in hands, 20 MW Thermal Power Plant at Durg and 0.8 million Odisha Grinding Unit. These projects are likely to be commissioned in the first quarter of FY 20. These projects will further boost company's operating efficiencies in terms of lower power and logistic cost. On completion of 20 MW Thermal Power Plant at Durg, Company's captive power capacity will be enhanced to 105.5 MW.
Shares of JK LAKSHMI CEMENT LTD. was last trading in BSE at Rs.361 as compared to the previous close of Rs. 371.8. The total number of shares traded during the day was 20863 in over 757 trades.
The stock hit an intraday high of Rs. 382 and intraday low of 360.1. The net turnover during the day was Rs. 7694061.