JK Lakshmi Cement Ltd share Price Today

JK Lakshmi mainly caters to the north, west & eastern markets with total capacity of 13.9 MT (including subsidiary). It has integrated units at Sirohi, Udaipur (Rajasthan), and Durg (Chhattisgarh) while grinding units are located at Jhajjar (Haryana), Cuttack (Odisha), Kalol and Surat (Gujarat).

• It also has 117 MW power plant (74 MW CPP, 33 MW WHRS and 10 MW Solar) that fulfils 75% of its total power requirements
• The company is now adding 2.5 MT cement capacity (1.5 MT clinker) through its subsidiary unit UCWL at a cost of ~₹ 1650 crore (expected by Q1FY25E)
• The company intends to take its total cement capacity to 30 MT by 2030

JK Lakshmi’ result print was a mixed bag with revenues coming in better than our expectations owing to better-than-expected utilisation rates but significantly higher power and fuel expenses impacted profitability.

• Revenue grew 25% YoY to ₹ 1488.5 crore, mainly led by higher realisations, which increased 18% YoY (1.1% QoQ)
• Absolute EBITDA grew 15% QoQ (9% YoY) to ₹ 159.6 crore. EBITDA margins declined 155 bps YoY to 10.7% (I-direct estimate: 11.9%)
• Owing to lower tax rate (28% in Q3FY23 vs. 35% in Q3FY22), PAT grew 24% YoY to ₹ 73.6 crore (I-direct estimate: ₹ 73.4 crore)

Cement & Cement Products company JK Lakshmi Cement announced Q4FY24 & FY24 results:

• The company reported a capacity utilization of 89% in the fourth quarter of FY24 as compared to 79% in the third quarter, emphasizing improved operational efficiency.
• The company’s Standalone Net Sales saw a 4% increase in FY24, indicating a positive growth trajectory in revenue streams.
• A 1% increase in Standalone Sales Volume in FY24 reflects the company's ability to maintain and slightly improve its market presence in terms of volume sold.
• The Standalone Net Profit for JK Lakshmi Cement jumped by 28% in FY24, reaching Rs 424.32 crore, showcasing significant profitability throughout the financial year.
• With a Net Debt to EBIDTA ratio of 0.22 times and a Net Debt Equity of 0.07 times on a standalone basis, the company maintains a strong financial structure with low leverage.

Result PDF