JK Lakshmi Cement's net profit at 48 crores

JK Lakshmi Cement Ltd., one of the leading producer of cement, on May 18 has declared its Q4FY16 results. The company for the March quarter has reported a net profit of Rs 48.38 crores. Net profits have surged by 8 times as compared to Q4FY15. EBITDA for the period stands at Rs 85.88 crores. Consolidated total income from operations stands at Rs 735.09 crores for the quarter, as against Rs 578.15 crores for the corresponding period of the previous fiscal. Total income has increased by 27 per cent.

On a YoY basis, net profits after minority interest stand at Rs 14.94 crores, whereas for the previous fiscal it stood at Rs 102.94 crores. Net profit has decreased by 60 per cent. EBITDA stands at Rs 271.14 crores and has plunged by 5 per cent from the previous year. Consolidated total income for the period stands at Rs 2635.24 crores.

The company’s production and sales has grown by 42 per cent and 39 per cent, respectively, in Q4FY16.The growth majorly comes from the Durg plant of Chhattisgarh which was set up in March 2015.

Company's profitability for the current fiscal has been affected due to additional burden of interest and depreciation expenses of Durg plant.

J K Lakshmi Cement Ltd., is an Indian company engaged in the business of manufacture and sale of cement. The company’s cement manufacturing plant is located at Rajasthan. Their products include cement, plaster of Paris and ready mix concrete. 

The shares on the bourses on Thursday have opened at Rs 366, up by 6 per cent.