JK Lakshmi Cement Q2 results: Company reports loss of ₹19.24 crore, revenue down 2.2%

The company had posted a profit of ₹95.87 crore in the July-September period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL), a flagship company of JK Organization.

Its revenue from operations was down 2.16% at ₹1,234.29 crore in the September quarter. It was at ₹1,574.53 crore in the year-ago period.

Total expenses of JKCL were at ₹1,263.01 crore, down 1.27% in the September quarter of FY25.

JKCL's total income, which includes other income, was also down 2.17% to ₹1,242.67 crore.

During the quarter, company’s sales volume declined 1.40% to 18.66 lakh tonnes.

"The profitability of the company for the quarter has been impacted due to a sharp drop in sales realisation in our primary markets," Chairperson & Managing Director Vinita Singhania said.

The cement industry has witnessed a decline in sales realisation due to falling cement prices on a year-on-year basis.

The company, however, remained bullish in its outlook for the sector looking at the government's spending on infrastructure projects.

“Considering the government's focus on Infrastructure Development & Higher Budgetary allocation and various other Initiatives for housing and road development, the outlook for the cement sector is positive in the coming year," it said.

Shares of JK Lakshmi Cement Ltd on Thursday were trading at ₹772 per scrip on BSE, down 3.54% from the previous close.

About JK Lakshmi Cement Ltd

JK Lakshmi Cement Ltd, a part of the JK group , is a manufacturer and supplier of Cement and related products like RMC & AAC Blocks in different states in India.