JK Lakshmi Cement Ltd's Net Profit up at Rs. 102. 53 Cr.

JK Lakshmi Cement Ltd registered a sales 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 Company'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%.

The 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). Company'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.

Shares of JK LAKSHMI CEMENT LTD. was last trading in BSE at Rs.317.9 as compared to the previous close of Rs. 318.95. The total number of shares traded during the day was 18152 in over 946 trades.

The stock hit an intraday high of Rs. 325.85 and intraday low of 316.5. The net turnover during the day was Rs. 5805653.

Source : Equity Bulls

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