Cement News tagged under: JK Lakshmi Cement

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Indian manufacturers prepare to resume production

21 April 2020, Published under Cement News

India’s ACC, India Cements, JK Lakshmi and JK Cement are looking to resume cement production in a phased manner from 20 April, while also abiding by all standard operating procedure guidelines related to social distancing. In new guidelines issued on 15 April, the Indian government has allowed industrial units located in rural areas to operate from 20 April. "We would like to inform that the company shall resume operations, from 20 April 2020, in a phased manner, subject to requisite p...

JK Lakshmi Cement seeks government approval to resume its Indian production

17 April 2020, Published under Cement News

JK Lakshmi Cement has informed Indian Stock Exchanges on 16 April that the company is seeking necessary approvals from the relevant state government authorities to resume operations at its various plant locations. The company is also closely monitoring the situation and will take requisite steps in accordance with the directions issued by central and state government, from time to time.   The company has put in place the required safety measures for the workers and employees at the plants in...

JK Lakshmi Cement records 251% surge in net profit

30 January 2020, Published under Cement News

India’s JK Lakshmi Cement has seen a 251 per cent YoY surge in its net profit to INR493.1m (US$6.92m) in the October-December 2019 period, compared with INR140.5m in the previous year. Sales rose seven per cent YoY to INR10.05bn from INR9.35bn, while EBITDA advanced 48.5 per cent to INR1.67bn. The improved results were attributed to a reduction in logistic costs and improvements in fuel prices. During the nine months until December 2019, net sales increased 10.1 per cent YoY to INR29.82b...

Udaipur Cement returns to profit in the 3QFY19-20

27 January 2020, Published under Cement News

India-based Udaipur Cement Works Ltd, a subsidiary of JK Lakshmi Cement Ltd, reported a net profit of INR9.7m (US$135,776) for the third quarter ended 31 December 2019. In the 3QFY18-19 the company posted a net loss of INR120.5m. Income from operations increased 15.1 per cent to INR1.586bn in the 3QFY19-20 from INR1.378bn in the equivalent period of the previous financial year.

JK Lakshmi Cement records 6% rise in net sales

05 November 2019, Published under Cement News

India’s JK Lakshmi Cement has reported a net profit of INR486.7m (US$6.89m) in the 2QFY19-20, compared with a net loss of INR50.2m in the year-ago period. Consolidated net sales increased 5.6 per cent YoY to INR10.12bn. Consolidated EBITDA advanced 45 per cent to INR1.54bn in the quarter ending September 2019, rising from INR1.06bn in the corresponding quarter of the previous year.

JK Lakshmi Cement shows 28% net profit growth

24 May 2019, Published under Cement News

India’s JK Lakshmi Cement has reported a 27.8 per cent YoY rise in net profit to INR432.5m (US$6.2m) in the final quarter of FY18-19, against INR338.4m in the corresponding period of the previous year. Total income of the company increased 28.8 per cent to INR11.89bn from INR9.23bn. For the full-year period ended 31 March, the company saw a 5.2 per cent YoY fall in net profit to INR795.6m from INR839.6m. However, total income advanced 10 per cent to INR39.38bn from INR35.82bn.

JK Lakshmi Cement reports 72% profit growth

12 February 2019, Published under Cement News

India's JK Lakshmi Cement has recorded a 71.7 per cent increase in standalone net profit to INR147.5m (US$2.07m) for the third quarter ended 31 December, compared with INR85.9m of the year-ago period. Its total income during the 3QFY18-19 was up 11.3 per cent YoY to INR9.487bn from INR8.52bn. The company also reported nine per cent volume growth in the period. However, total expenses rose 10.7 per cent YoY to INR9.29bn from INR8.39bn. "The company has been facing pressure of increased pet...

JK Lakshmi to upgrade logistics

15 January 2019, Published under Cement News

India’s JK Lakshmi Cement has contracted FarEye, a digital logistics company, to maintain its distribution network and increase predictive visibility. "On our wide distribution network handling volumes around 800,000tpm, pilferage and back/forward loading are some of the key operational challenges that we face. We believe that gaining better visibility into our vast network of multiple plants and about 10,000 destinations will help us control pilferage, optimise capacity and eventually hel...

JK Lakshmi upgrades capacity for increased demand

03 September 2018, Published under Cement News

India’s JK Lakshmi Cement Ltd has recently upgraded the capacity at two grinding units in Gujarat to supply the growing demand in the region. The units in Kalol and Surat supply cement for both Gujarat and Maharashtra. "Our combined capacity at both these locations has been raised to about 2.5Mta from earlier 1.5Mta," said Shailendra Chouksey, whole-time director, JK Lakshmi Cement. "We have been expecting reasonable growth in the cement sector largely driven by various government initia...

JK Lakshmi reports 62% rise in standalone net profit

17 May 2018, Published under Cement News

JK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per cent to INR9.23bn, compared with INR9.31bn seen in the year-ago period. However, the company has stated the results in the two periods are not comparable. "With introduction of GST, revenue from operations for current quarter and year are not comparable with corresponding quarter and year, since sales in current ye...