Net Profit of JK cements slummed by 57 per cent in Q2

J. K. Cements is an Indian cement manufacturing company. The company has only one operating segment i.e. Cement. The company produces gray cement( ordinary portland cement and portland pozzolana cement) and white cement. The company's cement products are marketed under the brand names J.K. Cement and Sarvashaktiman for OPC products, J.K. Super for PPC products and J.K. White and Camel for white cement products.

Recently, J K Cements announced its Q2FY16 results. The total revenue of the company reduced by 4.77 per cent to Rs 870.31 crore against Rs 830.68 crore on yearly basis. The total expenses of J K Cement rose by 3.88 per cent to Rs 799.75 crore Y-o-Y basis, the EBITDA of the company increased by 20.33 per cent to Rs 108.78 crore, wherein the EBITDA margin expanded by 162 basis points to 12.5 per cent on yearly basis

.The profit before interest and taxes grew by 16.11 per cent to Rs 70.55 crore, the other income of the company declined by 5.53 per cent to Rs 12.47 crore y-o-y basis. Finance cost increased by 49.51 per cent to Rs 69 crore on yearly basis. The Net profit of the company sharply dropped by 57.52 per cent to Rs 13.73 crore in Q2FY16 against Rs 32.32 crore in Q2FY15.

The FII holdings of J K cements are stable at 10.95 per cent, DII holdings of the company also rose by 432 basis points to 14.03 per cent as on 30th September 2015.

After announcing a disappointing Q2 results, today J K Cement is trading at Rs 658, around 3 per cent lower on BSE.