JK Lakshmi Cement posts Rs 190.24 mn loss in Q2; revenue dips 2.2%

12 Nov 2024 CW Team

JK Lakshmi Cement reported a consolidated net loss of Rs 190.24 million for the second quarter ending September 30, 2024, attributing the downturn to a drop in sales realisation. This was a significant change from the previous year when the company recorded a profit of Rs 950.87 million during the same period, as indicated by JK Lakshmi Cement (JKCL), the flagship company of JK Organisation.

Revenue from operations for the September quarter decreased by 2.16 per cent to Rs 12.34 billion, compared to Rs 15.74 billion in the year-ago period. Additionally, JKCL's total expenses were slightly lower at Rs 12.63 billion, a decrease of 1.27 per cent for Q2 FY25.

The company’s total income, which includes other sources, also dropped by 2.17 per cent, reaching Rs 12.42 billion. Sales volume for the quarter declined by 1.4 per cent to 18.66 lakh tonne.

Chairperson and Managing Director Vinita Singhania noted that the company’s profitability was adversely affected due to a sharp decline in sales realization in its primary markets. The cement industry, in general, has experienced lower sales realization due to a year-on-year decrease in cement prices.

Despite these challenges, JKCL expressed confidence in the sector's future, citing increased government investment in infrastructure projects as a positive indicator for the market.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..