JK Lakshmi Cement results

JK Lakshmi reported volume growth of 20% between October – December 2015, in comparison with the same quarter in 2014. Sales stood at Rs.728.29 crore, compared with Rs.723.30 crore in the previous quarter and Rs.617.91 crore in the corresponding quarter of the previous year. The company’s EBITDA stood at Rs.82.62 crore, an improvement of about Rs.10 crore over the previous quarter, but roughly the same as in 2014.

The company’s profitability suffered due to additional burden of interest and depreciation on account of the commissioning of the first phase of the company’s Greenfield cement plant at Durg in March 2015. The company has narrowed down its loss at PBT levels to Rs.9 crore in October – December 2015, as against –Rs.22.10 crore in July – September 2015, and Rs.22.18 crore in the corresponding quarter of 2014.

The company continues to improve its efficiency parameters, with coal consumption improving to 700 K.Cal/kg of clinker.

Work on the company’s two upcoming grinding unit projects in Gujarat and Odisha is progressing satisfactorily. The work at Udaipur Unit, the subsidiary company, is also progressing according to schedule.

Adapted from press release by Rebecca Bowden

Read the article online at: https://www.worldcement.com/indian-subcontinent/10022016/jk-lakshmi-cement-results-475/