JK Cement's Q1 Profit Rises 67% to Rs.1.84 Bn

22 Jul 2024 CW Team

JK Cement has announced a remarkable 67% increase in its net profit for the first quarter of FY25, reaching ?1.84 billion. This surge is attributed to strong sales and operational efficiencies. The company reported a revenue increase of 18% year-on-year, reaching ?2,274 crore.

The positive financial performance is driven by robust demand in the domestic market, alongside strategic expansions and cost management. The cement industry has seen an uptick due to increased construction activities and infrastructure projects across the country.

JK Cement has also benefited from enhanced production capacities and improved logistics, which contributed to lowering operational costs. The company?s focus on sustainability and innovation has further strengthened its market position.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ?450 crore, marking a 25% rise compared to the previous year. This growth reflects effective management strategies and the company?s adaptability to market changes.

JK Cement plans to continue expanding its footprint by investing in new plants and technologies to enhance production efficiency. The company is optimistic about maintaining its growth trajectory, aiming to capture emerging opportunities in both domestic and international markets.

Looking forward, JK Cement is committed to achieving sustainable growth by focusing on quality enhancement and customer satisfaction. The firm remains well-positioned to leverage industry trends and address the rising demand for construction materials.

Overall, JK Cement?s strong performance in Q1 FY25 sets a promising tone for the remainder of the fiscal year, reinforcing its status as a leading player in the cement industry.

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