Team News Riveting
New Delhi, May 20
JK Lakshmi Cement (JKLC) recorded a jump of 25 per cent in its turnover at Rs1321.99 crore in the last quarter of financial year 2020-21 against turnover of Rs 1061.19 crore in the corresponding quarter of the previous fiscal.
Despite hike in the prices of inputs like pet-coke, diesel, fly ash, gypsum, JKLC has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc. Company’s EBITDA stood higher at Rs 295.20 crore in Jan-Mar 21 from Rs 224.52 crore in Jan-Mar.20 i.e. an increase of 31 per cent.
After providing for interest and depreciation, PBT moved up by nearly 66 per cent to Rs 217.45 crore in Jan-Mar.21 from Rs 131.09 crore in Jan-Mar.20. After Providing for Exceptional Item, Taxes and Other Comprehensive Income, JKLC’s Profit rose to Rs 138.27 crore in Jan-Mar.21 from Rs 101.21 crore recorded in the corresponding quarter a jump of 37 per cent.
During the financial year 2020-21, sales increase by 8 per cent to Rs 4384.71 crore (Rs 4043.50 crore). With improved operating parameters EBITDA was up by 20 per cent at Rs 864.22 crore (Rs 722.46 crore). JKLC’s profit at PAT level jumped by 55 per cent at Rs 366.24 crore against profit of Rs 236.11 crore in the same period last year.
“The performance being achieved during pandemic period when we lost nearly 55 days of production and 40-45 days of sales. It is greatly satisfying and speaks greatly of the Team JKLC’s passion and commitment,” said Vinita Singhania, the Vice Chairman and Managing Director.
Board has recommended a dividend of Rs 3.75per equity share i.e. 75 per cent for the Financial year ended 31st March 2021.
