JK Lakshmi Cement Q2 results revealed a net loss of ₹19.24 crore for the quarter ending September 30, 2024, due to lower sales realisation. This contrasts with the ₹95.87 crore profit reported during the same period last year, as per regulatory filings.
The company’s revenue from operations dropped by 2.16%, standing at ₹1,234.29 crore for the September quarter compared to ₹1,574.53 crore in the corresponding quarter of the previous year. The decline was attributed to reduced sales realisation and a challenging market environment.
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Total expenses for JKCL were recorded at ₹1,263.01 crore, which marked a slight reduction of 1.27% in the September quarter of FY25. This slight decrease in expenses was not enough to offset the drop in revenue and profitability.
The total income, which includes other income sources, fell 2.17% to ₹1,242.67 crore for the reported period. The company faced pressure from a declining cement price environment that impacted the broader cement industry’s sales realisation year-on-year.
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Sales volume for the quarter saw a 1.40% dip, reaching 18.66 lakh tonnes. This decline reflects industry-wide challenges in maintaining stable prices and demand, with the cement sector affected by broader economic trends and reduced market realisation.
Despite the current financial challenges, JK Lakshmi Cement remains optimistic about the future. The company looks forward to government infrastructure investments, which are expected to bolster demand in the sector, potentially improving profitability and growth in the coming quarters.
Shares of JK Lakshmi Cement Ltd were trading at ₹772 on the BSE on Thursday, down 3.54% from the previous close. The company, part of the JK group, is a major manufacturer and supplier of cement, RMC, and AAC Blocks across multiple Indian states.
