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

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Get CW App