JK Lakshmi Cement Ltd (JKLC), a flagship company of the JK Organization, has reported its financial results for the third quarter of FY25, with a net profit of ₹59.64 crore, impacted by lower sales realization in key markets.
Financial Highlights (Standalone)
-
Net Sales: ₹1,373.29 crore (down from ₹1,586.06 crore YoY)
- Net Profit (PAT): ₹59.64 crore (down from ₹124.06 crore YoY)
- EBITDA: ₹153.17 crore (compared to ₹259.24 crore YoY)
- Sales Volume: 22.48 lakh tonnes
While profitability declined, Chairperson & Managing Director Smt. Vinita Singhania attributed the dip to lower sales realization in primary markets.
Expansion and Investment Plans
JKLC has embarked on significant expansion initiatives to strengthen its market position and enhance shareholder value:
- Cement Grinding Expansion: Doubling capacity at its Surat Grinding Unit to 2.7 million tonnes at a cost of ₹225 crore.
- Railway Siding Development: Investing ₹325 crore at its Durg Cement Plant to enhance logistics efficiency.
- Mega Clinker & Grinding Expansion:
- A new 2.3 MTPA clinker line at Durg, Chhattisgarh.
- 4.6 MTPA grinding units at Durg and 3.4 MTPA split grinding units in Uttar Pradesh, Bihar, and Jharkhand.
- Total project cost: ₹2,500 crore, funded by ₹1,750 crore in bank loans and internal accruals.
- Increasing Thermal Substitution Rate (TSR) from 4% to 16% at the Sirohi plant.
- 48% of power sourced from renewable energy during the quarter.
Industry Recognition & Awards
JK Lakshmi Cement received several prestigious awards, including:
- Innovation in CSR Practices Award at the 11th CSR Summit 2024.
- Best Employer Award from the Employers Association of Rajasthan.
- Energy Efficient Unit Award at the 25th National Award for Excellence in Energy Management 2024.
With the Indian government’s continued focus on infrastructure development, housing, and roads, JK Lakshmi Cement is optimistic about demand growth. The company aims to reach 30 MTPA cement capacity by 2030, reinforcing its position as a key player in the cement industry.
