JK Lakshmi Cement reported 11.79% rise in the Sep-20 quarter top line sales revenues at Rs1,131.74cr. While the sales did dip briefly in the Jun-20 quarter, the resumption of infrastructure activity brought back cement sales to normal levels in Sep-20 quarter.
For the Sep-20 quarter, the operating profits were up 32.37% at Rs167.46cr. This was largely on the back of better fixed cost absorption which supported higher sales on flat costs. This resulted in the operating margin of the company expanding from 12.50% to 14.80% in the Sep-20 quarter.
Net profits for the Sep-20 quarter were up 86.91% at Rs92.93cr on the back of robust demand and buoyant cement prices. As a result, the net margins of the company expanded by 330 bps at 8.21% in Q2.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
JK Lakshmi Cement |
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
1,131.74 |
1,012.36 |
11.79% |
911.54 |
24.16% |
|
Operating Profit |
167.46 |
126.51 |
32.37% |
116.49 |
43.75% |
|
Net Profits |
92.93 |
49.72 |
86.91% |
50.63 |
83.55% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
7.61 |
4.14 |
|
4.16 |
|
|
OPM |
14.80% |
12.50% |
|
12.78% |
|
|
Net Margins |
8.21% |
4.91% |
|
5.55% |
|
Related Tags: