JK Lakshmi Cement Ltd (JKLC), a leading company in the JK Organization, announced its standalone financial results for Q2 FY25. The company reported a net profit of Rs. 7.54 crores for the July-September 2024 quarter, significantly down from Rs. 83.03 crores in the same period last year.
Financial Highlights (Standalone)
- Sales Volume: The company’s sales volume for Q2 FY25 was 18.66 lakh tonnes, compared to 21.71 lakh tonnes in Q2 FY24.
- Net Sales: Net sales stood at Rs. 1,141.34 crores, down from Rs. 1,452.62 crores in the corresponding quarter last year.
- PBIDT: Profit Before Interest, Depreciation, and Taxes (PBIDT) came in at Rs. 73.21 crores, compared to Rs. 193.63 crores in Q2 FY24.
- PBT: Profit Before Tax (PBT) was Rs. 5.72 crores, a steep decline from Rs. 123.22 crores year-on-year.
- PAT: Net Profit After Tax (PAT) for Q2 FY25 was Rs. 7.54 crores, down from Rs. 83.03 crores in Q2 FY24.
- Net Debt to EBITDA: The ratio was 0.58 times, compared to 0.19 times in the previous year.
- Net Debt Equity: The ratio stood at 0.13 times, up from 0.05 times in Q2 FY24.
Six-Month Performance (April-September 2024)
- Net Sales: Rs. 2,585.86 crores, down from Rs. 3,085.93 crores in the same period last year.
- PAT: Rs. 163.85 crores, showing a marginal improvement over Rs. 157.91 crores in the previous year’s six-month period.
Composite Scheme of Arrangement
JK Lakshmi Cement has proposed a Composite Scheme of Arrangement for the merger of its subsidiaries — Udaipur Cement Works Ltd, Hansdeep Industries & Trading Company Limited, and Hidrive Developers & Industries Limited — subject to regulatory approvals. The effective date for the merger is set as April 1, 2024.
This quarter’s results reflect challenging market conditions, impacting sales volume and profitability. However, the company remains focused on enhancing shareholder value through strategic restructuring and consolidation.
