Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

JK Lakshmi Cement Q1 Results: Shares fall 5%, with a 29% decline in net profit
JK Lakshmi Cement shares fell 4.73% on Friday after the company reported a 29% drop in net profit year on year for the recently concluded June quarter.
On July 27, the company recorded a net profit of Rs 78.5 crore for Q1FY24, down from Rs 111 crore in Q1FY23. Sequentially, net profit fell 31.7% from Rs 115 crore recorded in the March quarter.
The company's revenue from operations increased by 4.6% year on year in the quarter under review, reaching Rs 1,730.3 crore. In the meantime, it fell by 7% sequentially.
EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell by 53.9% year on year to Rs 196.3 crore in Q1FY24, compared to Rs 425.9 crore in Q1FY23.
Margins for the June quarter fell by 1,450 basis points to 11.3%, down from 25.8% in the previous fiscal's same period.
JK Lakshmi Cement, a subsidiary of the larger tyre-to-paper manufacturing JK Group, manufactures cement and related building products. The company has an installed production capacity of 13.3 million tonnes per year and operates from six manufacturing plants in India.
Source: Media Reports
Related News

BLS's Q2FY24 Financial Performance Review
2 mins read. November 6, 2023 at 08:56 AM

Interglobe Aviation's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 11:31 AM

Titan's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 10:59 AM

Zomato's Q2FY24 Financial Performance Review
3 mins read. November 3, 2023 at 09:50 AM
Download app
Access BlinkX
everywhere
across device
