JK Lakshmi Cement Q2 results 2023: Profit jumps 55.15% to ₹95.87 crore

JK Lakshmi Cement Limited, which is a part of the renowned JK Organisation, is deeply rooted in a history that spans over 135 years. The JK Organisation is a well-established industrial conglomerate with a substantial presence in both Indian and international markets. It has made significant contributions to diverse industries, including tire manufacturing, cement production, paper, power transmission, sealing solutions, dairy products, and textiles. In the Indian cement industry, JK Lakshmi Cement Limited has built a strong reputation over four decades and boasts an annual turnover that exceeds Rs 6000 crores. The company has established a formidable presence in the cement markets of Northern, Western, and Eastern India.

JK Lakshmi Cement

JK Lakshmi Cement Q2 results 2023

JK Lakshmi Cement Limited maintains an unwavering commitment to several core principles, including the delivery of high-quality products, ensuring customer satisfaction, and fostering innovation. This dedication has empowered the company to explore new markets within India and capitalize on the significant growth opportunities within the country’s infrastructure and construction sectors. From expanding into emerging markets to investing in cutting-edge research and development, JK Lakshmi Cement Limited continues to demonstrate resilience and adaptability, effectively navigating the ever-evolving challenges of the cement industry.

Established in 1982, our company has evolved to operate modern, fully computerized, and integrated cement plants at strategic locations. These plants include Jaykaypuram in the Sirohi district of Rajasthan, Dabok in the Udaipur district of Rajasthan (a subsidiary of our company), and Ahiwara in the Durg district of Chhattisgarh. Additionally, we operate four grinding units in split locations: Kalol and Surat in Gujarat, Jhamri in the Jhajjar district of Haryana, and Cuttack in Odisha. Collectively, our company boasts a combined capacity of 13.9 Million Metric Tons per annum.

In the second quarter ending on September 30, 2023, JK Lakshmi Cement Ltd reported a robust increase in its consolidated profit after tax, which surged by 55.15% to reach ₹95.87 crore. In the same period during the previous fiscal year, the company had recorded a consolidated profit after tax of ₹61.79 crore. This information was disclosed in an official filing made by JK Lakshmi Cement Ltd.

Additionally, the company’s revenue from its operational activities exhibited significant growth, marking a 14.63% increase and reaching ₹1,574.53 crore during the current quarter, as compared to ₹1,373.55 crore in the corresponding period of the prior year. Concurrently, JK Lakshmi Cement’s total expenses also rose, amounting to ₹1,447.52 crore, indicating an 11.36% increase. On the BSE, the shares of JK Lakshmi Cement Ltd settled at ₹674.30, reflecting a 0.33% rise from the previous closing price.