Page 2 - Jk Lakshmi Cement

JK Lakshmi Cement Q4 results: Net profit falls 40% to Rs 110 crore

The company's consolidated revenue from operation rose by 16.37 per cent to Rs 1,862 crore for the March quarter as compared to Rs 1,600 crore in the year-ago period

Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.

JK Lakshmi ties-up with GreenLine Logistics to roll out first LNG fleet

JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement. "With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years," the company said in a statement. Starting with a fleet of 10 LNG trucks plying on the Sirohi in Rajasthan to Surat in Gujarat route, the companies plan to scale this up substantially over the next two years. "Each LNG truck reduces about 35 tons of CO2 emissions per year. With the switch to LNG fuelled logistics, JK Lakshmi Cement aims to reduce its carbon emissions, not only to achieve its environmental goals but also boost its ESG performance," it said. Trucks in India usually use diesel as fuel. Liquefied natural gas (LNG) offers a less polluting alternative on long-haul routes. Speaking on the occasion, Arun Shukla, President & Director, JK Lakshmi Cement Ltd,

JK Lakshmi Cement extends rally, up 27% in 9 days; stock nears record high

With today's rally, the market price of JK Lakshmi Cement has zoomed 117 per cent from its 52-week low of Rs 368.65, touched on May 12, 2022.

JK Lakshmi Cement hits record high, stock soars 28% in November

The stock was trading higher for the third straight day and has gained 6 per cent during this period.

JK Lakshmi Cement soars 15% in 2 days on hopes of margin improvement ahead

Analysts said the results were better than estimated, mainly driven by better-than- expected realisations that were up around 17 per cent YoY to Rs 5,651/tonne (up 1.5 per cent QoQ)

Stocks to Watch: Adani Enterprises, Vi, Hero Moto, Amara Raja, Blue Star

Stocks to Watch: Vodafone India's net loss widened 6.4 per cent on a year-on-year (YoY) basis at Rs 7,595 crore in the second quarter of FY23 due to an increase in finance and operating expenses

Here's why Vinay Rajani recommends buying ABB India, JK Lakshmi Cement

The technical analyst from HDFC Securities sees the positional trend for Nifty as bullish and expects the index to seek support around 16,400-level.

JK Lakshmi Cement second quarter net profit dips 6% to Rs 87 cr

JK Lakshmi Cement Ltd on Friday reported a 6.06 per cent decline in consolidated net profit for the September quarter at Rs 87.29 crore, hit by higher input costs. The company had posted a profit of Rs 92.93 crore in the July-September period a year ago, JK Lakshmi Cement said in a regulatory filing. Revenue from operations slipped 6.80 per cent to Rs 1,208.80 crore from Rs 1,131.74 crore in the year-ago period. "As a result of a steep increase in prices of Petcoke & Diesel, the cost soared considerably which affected the profitability adversely. "Company's volumes also got impacted due to transporters strike in Chhattisgarh plant which affected our East despatches for nearly 15 days in this quarter," JK Lakshmi Cement said in a post-earnings statement. The reduced volumes and increased costs brought down the EBIDTA to Rs 178.88 crore in the July-September quarter from Rs 205. 05 crore a year ago. Total expenses were at Rs 1,105.46 crore, as against Rs 1,015.65 crore ...

Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum

Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike

Tata Coffee, MCX, Bajaj Electricals: 5 stocks that can jump up to 25%

Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good

These five small-cap stocks may rally up to 45% in the medium-term

CDSL and NBCC have doubled so far this year, while Trident and JK Lakshmi Cement have gained 91 per cent each during the same period

These 20 small-cap stocks appear overbought on the charts. Trade cautiously

Out of these 20 counters, only 4 stocks are showing weakness in the overbought condition and can correct in the days ahead.

JK Lakshmi Cement surges 7%, nears record high on healthy Q4 results

The company said it has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc

JK Lakshmi Cement Q2 reports 86.9% rise in net profit at Rs 93 crore

JK Lakshmi Cement Ltd on Wednesday reported a 86.90 per cent rise in consolidated net profit at Rs 92.93 crore for the second quarter ended September 30, helped by cost reduction. The company had posted a net profit of Rs 49.72 crore in July-September quarter a year ago, JK Lakshmi Cement said in a regulatory filing. Revenue from operations rose 11.79 per cent to Rs 1,131.74 crore during the quarter under review as against Rs 1,012.36 crore in the year-ago period. "The company's concerted efforts to improve efficiencies, better product mix and reduction in logistic costs enabled the company to push its profitability up. Softening in pet coke prices helped the company to improve the margins," JK Lakshmi Cement said in a post earnings statement. Total expenses declined 7.88 per cent to Rs 1,015.65 crore as against Rs 941.45 crore in the year-ago quarter. The company's subsidiary Udaipur Cement Works is expanding its cement capacity by 2.5 million tonnes, which is likely to be ...

Cement firms hike prices even as expansion plans come to a grinding halt

Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions

JK Lakshmi Cement soars 11% on strong March quarter results

The company's profit before tax more than doubled to Rs 131 crore in Q4, against Rs 57.4 crore in the previous year quarter.

UltraTech, Ramco Cements: Analysts see significant upside in cement stocks

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

JK Lakshmi Cement Q2 net profit down 41% to Rs 78 mn; total income up 9.62%

The net profit was affected by increase in prices of Pet Coke and diesel

JK Lakshmi Cement gets green nod for Rs 120-crore expansion project

The green nod to the project was given subject to some conditions