+
JK Cement Q1 results: Net profit at Rs 190.08 cr in FY22
Cement

JK Cement Q1 results: Net profit at Rs 190.08 cr in FY22

On Saturday, JK Cement Limited reported a three-fold increase in its consolidated net profit to Rs 190.08 crore for the first quarter ended on 30 June 2021.

In a regulatory filing, JK Cement said that the firm had recorded a profit of Rs 49.94 crore in the April-June period last year.

Its income from operations was increased by 70.59% at Rs 1,714.14 crore during the quarter under review compared to Rs 1,004.84 crore in the year-ago quarter.

Total expenses were at Rs 1,454.28 crore, increased by 55.97%, in Q1/FY 2021-22 compared to Rs 932.43 crore in the year-ago period.

The volume's growth was aided by approximately 40% capacity increase in its key market, and the firm continues to gain market share on the back of that. Analysts at Motilal Oswal Financial Services Limited anticipate market share gains to continue over the following four-five years since the firm is now installing a 4mtpa greenfield plant, which would be commissioned by Q1FY24, in central India.

The standalone revenue and adjusted profit after tax of the firm surged 69% and 168%, respectively, in the June quarter, against the same period a year ago. The earnings beat on these parameters was supported by higher grey cement realisations.

JK Cement Limited, a leading cement producer in India, is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. It was founded by LalaKamlapat Singhania.

Image Source


Also read: India Cements Q1 results: Net profit at Rs 46.63 cr in FY22

On Saturday, JK Cement Limited reported a three-fold increase in its consolidated net profit to Rs 190.08 crore for the first quarter ended on 30 June 2021. In a regulatory filing, JK Cement said that the firm had recorded a profit of Rs 49.94 crore in the April-June period last year. Its income from operations was increased by 70.59% at Rs 1,714.14 crore during the quarter under review compared to Rs 1,004.84 crore in the year-ago quarter. Total expenses were at Rs 1,454.28 crore, increased by 55.97%, in Q1/FY 2021-22 compared to Rs 932.43 crore in the year-ago period. The volume's growth was aided by approximately 40% capacity increase in its key market, and the firm continues to gain market share on the back of that. Analysts at Motilal Oswal Financial Services Limited anticipate market share gains to continue over the following four-five years since the firm is now installing a 4mtpa greenfield plant, which would be commissioned by Q1FY24, in central India. The standalone revenue and adjusted profit after tax of the firm surged 69% and 168%, respectively, in the June quarter, against the same period a year ago. The earnings beat on these parameters was supported by higher grey cement realisations. JK Cement Limited, a leading cement producer in India, is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. It was founded by LalaKamlapat Singhania. Image Source Also read: India Cements Q1 results: Net profit at Rs 46.63 cr in FY22

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?