Introduction:
Leading cement manufacturer reported a 33.2% YoY decline in Q3 FY25 net profit to ₹190 crore, alongside a slight dip in revenue. The company also announced the acquisition of a 60% stake in Saifco Cements for ₹174 crore.
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Share price movement of JK Cement:
On January 27, 2025, J.K. Cement Ltd. opened at ₹4,704.00, up 0.99% from its previous close of ₹4,754.50. The stock reached a high of ₹4,911.50 (3.30%) and a low of ₹4,676.45. By 1:02 PM, it traded at ₹4,800.00, a 0.96% increase, with a market cap of ₹37,080.64 crore.
JK Cement Reports Decline, Acquires Saifco:
JK Cement Ltd reported a 33.2% YoY decline in consolidated net profit for Q3 FY25, posting ₹190 crore compared to ₹284 crore last year. The company also saw a slight dip in revenue, which decreased by 0.2% to ₹2,930 crore.
The company’s EBITDA for the quarter stood at ₹492 crore, down 21.3% from ₹625 crore a year ago. Margins also dropped to 16.8%, compared to 21.3% in Q3 FY24. Despite these declines, net profit exceeded analyst expectations of ₹165.9 crore.
In a significant move, JK Cement’s Board approved the acquisition of a 60% stake in Saifco Cements for ₹174 crore. This acquisition, subject to regulatory approvals and due diligence, will expand the company’s presence in the Jammu and Kashmir region.
Recent news on JK Cement:
As of December 19, 2024, JK Cement Ltd. secured the Mahan coal mine in Madhya Pradesh, with reserves of 107.4 million tonnes. The vesting order was presented at Shastri Bhawan, New Delhi, marking a key milestone for operations.
Stock performance of JK Cement for Period of 1 week, 6 months and 1 year:
JK Cement Ltd delivered strong returns, achieving 5.61% growth over one week, 7.67% over six months, and an impressive 14.1% over the past year, reflecting consistent performance and positive investor sentiment.
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Shareholding pattern of JK Cement:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 45.70% | 45.70% | 45.70% |
| FII | 16.90% | 17.60% | 17.70% |
| DII | 23.70% | 22.40% | 22.10% |
| Public | 13.70% | 14.30% | 14.50% |
About JK Cement:
JK Cement Ltd. (NSE: JKCEMENT) is a leading cement manufacturer with over four decades of expertise. As part of the JK Organisation, it ranks among India’s top 10 grey cement producers, excelling in North and Central India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
