Net Profit of JK Lakshmi Cement Ltd up at Rs.44.64 Cr. in Apr-Jun, 2020

JK Lakshmi Cement Ltd has announced the financial results for the period ended June 30, 2020.

Sales volume was severely impacted by lockdown restrictions during most part of the quarter Apr-June, 2020 resulting into sales volume plunging by 18% in Apr-June, 2020 over Apr-June, 19. As a result, sales declined to Rs. 825. 15 Cr. by 21% in Apr-June, 2020 from Rs. 1041. 88 Cr. in Apr-June, 2019. EBITDA was down by 14% at Rs. 151. 51 Cr. in Apr-June, 2020 as against Rs. 175. 93 Cr. in Apr-June 2019. Continuing cost savings, improving product mix & reduction in logistic costs which enabled the Company to marginally improve its operating margins to 17%. Company also managed its working capital more efficiently during the quarter and brought down its inventory and debtors considerably. Company posted an improved Net Profit of Rs. 44. 64 Cr. in Apr-June 2020 as against Rs. 39. 54 Cr. in Apr-June, 19.

To reduce the power cost, Company is enhancing further its WHR power capacity by 10MW which is likely to be commissioned in 1st half of FY22.

Shares of JK LAKSHMI CEMENT LTD. was last trading in BSE at Rs.298 as compared to the previous close of Rs. 298.7. The total number of shares traded during the day was 18944 in over 854 trades.

The stock hit an intraday high of Rs. 306.35 and intraday low of 295. The net turnover during the day was Rs. 5701413.

Source : Equity Bulls

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