Godavari Biorefineries Q2 Results: Net Loss Increases to ₹75 Crore in Q2
JK Cements Q2 Net Profit Falls 22.5% to ₹136 Crore; Revenue at ₹2,560 Crore.
Last Updated: 28th October 2024 - 02:36 pm
On Saturday, JK Cement Ltd announced a 22.52% drop in its consolidated net profit, amounting to ₹136.15 crore for the second quarter that ended in September 2024. This contrasts with a profit of ₹175.73 crore recorded in the same quarter the previous year, as per the company's regulatory filing. Revenue from operations also declined by 7%, reaching ₹2,560.12 crore for the reported quarter, compared to ₹2,752.77 crore in the corresponding period of the prior fiscal year.
JK Cements Q2 Results Highlights
- Revenue: Slipped 7% to ₹2,560.12 crore during the quarter under review.
- Net Profit: 22.52% decline in its consolidated net profit to ₹136.15 crore.
- Total Expenses: Rose marginally to ₹2,545.25 crore.
- EBITDA: Stands at ₹309.55 crore in September 2024 down 34.75% from ₹474.41 crore in September 2023.
- Stock Reaction: J. K. Cement share price closed at ₹4,105.00 on October 24, 2024 (NSE).
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JK Cements Management Commentary
JK Cements said that volumes for the quarter stood at 3.80 million tonnes, down from 4.33 million tonnes in Q1 FY25. Despite this decline in volume, it had increased its net sales realization per tonne to ₹4,708, compared to ₹4,669 in the previous quarter. This improvement is attributed to a strategic focus on high-realization regions for sales, it added.
About JK Cements
JK Cement Ltd (JKC) is engaged in the production and sale of a wide range of cement products and building materials. Its offerings include white cement, grey cement, wall putty, tile adhesives, grouts, wood finishes, and paints. The grey cement lineup features Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), and Portland Pozzolana Cement (PPC), as well as specialty products like JK Super Strong and JK Super Strong Weather Shield Cement.
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