JK Lakshmi Cement Retains Operating Profit Despite Substantial Cost Increase
JK Lakshmi Cement Ltd., one of the cement majors of India, records a very
satisfactory growth in its net sales by about 26% to Rs. 1551 crore in April-June
2022 from Rs. 1231.51 crore in the corresponding quarter April-June 2021.
Despite considerable pressure from the cost, mainly because of unabated
increase in global fuel cost, JK Lakshmi Cement could achieve marginal
increase in the operating profit at Rs. 217 crore in April-June 2022 from about
Rs. 216 crore in April-June 2021. This could be achieved by improved
operational efficiencies, increased volume, optimizing product mix and higher
sales of premium products.
The Operating Profit Margin however, declined to 14% in Apr-Jun.22 from 18%
logged in a year ago in the corresponding quarter of Apr-Jun.21 due to cost
push. After providing for interest and depreciation, PBT stood at Rs. 152.37
crore in Apr-Jun.22 as against Rs. 161.28 crore in Apr-Jun.21. After Providing
for Taxes and Other Comprehensive Income, JK Lakshmi Cement’s Profit was
lower at Rs.101.59 crore in Apr-Jun.22 against Rs.119.32 crore achieved in the