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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?