JK Lakshmi Cement

Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.

JK Lakshmi Cement Ltd on Thursday reported a 59.7 per cent decline in consolidated net profit to Rs 60.46 crore for the December quarter on account of lower sales realisation. The company had posted a profit of Rs 150.15 crore in the year-ago period, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL) -- a flagship company of JK Organization. Its revenue from operations was down 12 per cent to Rs 1,496.83 crore in the December quarter. It was at Rs 1,702.84 crore in the year-ago period. JK Lakshmi Cement Chairperson & Managing Director Vinita Singhania said, "The profitability of the company for the quarter has been impacted due to lower sales realisation in our primary markets." Its sales volume was down 4.54 per cent to 22.48 lakh tonnes in the December quarter. Total expenses of JKCL were at Rs 1,416.57 crore, down 5.9 per cent in the December quarter of FY25. JKCL's total income, including other income, was also down 12.42 per cent to Rs 1,505.87 crore. Over t

Going forward, UltraTech expects to generate a sustainable volume growth of 7- 8% on likely government focus on infrastructure and housing projects, alongside increased rural and urban demand.

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Leading bourses NSE and BSE have given consent to the merger of three subsidiaries into JK Lakshmi Cement. As per the scheme of amalgamation, three subsidiaries namely Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries are getting merged into JK Lakshmi Cement. "We would like to inform you that BSE and NSE vide their letters dated 1st January 2025, have issued their Observation Letters as required under Regulation 37 of the Listing Regulations with No adverse observation'/ No objection', to the proposed scheme," JK Lakshmi Cement said in a BSE filing. On July 31, 2024, the board of JK Lakshmi Cement had approved the amalgamation scheme, which will simplify the group structure and make it more commercially meaningful to have one combined entity focused in the business of cement and cement products. For Udaipur Cement Works Ltd (UCWL), its shareholders will receive four shares of JK Lakshmi Cement for every 100 shares they hold in the ...

JK Lakshmi Cement has reported a consolidated net loss of Rs 19.24 crore for the second quarter ended September 30, 2024 on account of drop in sales realisation. The company had posted a profit of Rs 95.87 crore in the July-September period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL), a flagship company of JK Organization. Its revenue from operations was down 2.16 per cent at Rs 1,234.29 crore in the September quarter. It was at Rs 1,574.53 crore in the year-ago period. Total expenses of JKCL were at Rs 1,263.01 crore, down 1.27 per cent in the September quarter of FY25. JKCL's total income, which includes other income, was also down 2.17 per cent to Rs 1,242.67 crore. During the quarter, JKCL's sales volume declined 1.40 per cent to 18.66 lakh tonnes. "The profitability of the company for the quarter has been impacted due to a sharp drop in sales realisation in our primary markets," Chairperson & Managing Director Vinita Singhania said. The ..

JK Lakshmi Cement's share price slumped 3.79 per cent at Rs 770 per share on the BSE in Thursday's intraday trade

The company's profit after tax fell to Rs 7.54 cror (about $894,500) for the quarter ended Sept. 30, from Rs 83.03 crore s a year ago

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India's general elections, and an extreme summer season spanning the April-June period, restricted construction activities and hit sales volumes for cement makers

Recently, PNB has found a support level, forming a bottom around the Rs 114-116 range. This suggests that stock has likely reached a point where selling pressure is reducing & buyers are stepping in.

Over the past few weeks, Aether has shown a consistent uptrend by forming higher highs and higher lows, which is a positive indicator of its market performance

The surge in JK Lakshmi Cement share was fuelled by robust Q4FY24 results, which came in line with street estimates

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JK Lakshmi Cement Q4FY24 results: The company board recommended a final dividend of Rs 4.50 per share for the financial year 2023-24

There has been a breakout in Karnataka Bank from downward sloping trend line on the daily chart. Price breakout is accompanied by rising volumes, as per Vijay Rajani

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty is seen consolidating in the 22,075 - 22,297 trading band.

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has broken out from a consolidation phase and can rally towards 22,600-22,700.

Analysts believe cement demand would remain healthy aided by expedited pre-election government spend, continued focus of infrastructure development.