JK Lakshmi Cement Limited on Thursday reported a profit of Rs119.32cr, a jump of 167% in the Apr-Jun. 21 over Apr-Jun. 20 largely due to increasing in volume by 40%.
The company achieved a turnover of about Rs1232cr in Apr-Jun. 21 against Rs825cr in the corresponding quarter Apr-Jun 20. The company has faced pressures on the cost of production due to a steep increase in the price of Petcoke and Diesel. The company has been able to partly mitigate input cost with further optimization and improvement in the logistics costs, enhanced premium product sales, etc.
These measures enabled the company to report 54% jump in its EBITDA from Rs151.51cr in Apr-June. 20 to Rs232.93cr in Apr-June. 21. After providing for interest and depreciation, PBT stood higher at Rs161.28cr an increase of 147% over Rs65.30cr in Apr-Jun. 20.
“Company's 10 MW Waste Heat Recovery Power Project is expected to be completed & commissioned in the third quarter of current financial year which will enable the Company to reduce its power cost further,” company said in a filing on Thursday.
At around 11.04 AM, JK Lakshmi Cement Ltd was trading at Rs709.30 per piece down by Rs25.4 or 3.46% from its previous closing of Rs734.70 per piece on the BSE. The scrip opened at Rs752.40 and has touched a high and low of Rs752.40 and Rs704.70 respectively, during intraday trade on Friday.