JK Lakshmi Cement Ltd on Tuesday (February 3) reported a net profit of ₹57 crore for the third quarter, down 23% year-on-year from ₹74 crore. Revenue from operations rose 6.3% year-on-year to ₹1,588 crore, up from ₹1,496 crore in the same quarter last year.
EBITDA for the quarter stood at ₹205.5 crore, a 2.1% increase from ₹201.2 crore in the corresponding period of the previous year. EBITDA margin came in lower at 12.9%, compared with 13.4% in the year-ago quarter.
JK Lakshmi Cement is constructing a railway siding at its Durg cement plant at a cost of ₹325 crore, to be funded through a debt of ₹225 crore, with the balance financed through internal accruals. The first phase of this project has already been completed.
Also Read: JK Cement ramps up capacity with commissioning of Bihar grinding unit
Expansion plans
The company is also expanding the clinker capacity at its integrated cement plant in Durg, Chhattisgarh, by adding an additional clinker line of 2.3 million tonnes per annum and four cement grinding units aggregating to 4.6 million tonnes per annum.
In addition, three split-location cement grinding units with an aggregate capacity of 3.4 million tonnes per annum are planned at Prayagraj in Uttar Pradesh, Madhubani in Bihar, and Patratu in Jharkhand.
The total cost of the expansion project is estimated at ₹3,000 crore, proposed to be funded through bank term loans of ₹2,100 crore, with the balance through internal accruals. The project will be implemented in phases and is expected to be fully completed by March 2028.
Also Read: JK Cement declares ₹15 final dividend for FY25, announces record date
The composite scheme of amalgamation & arrangement, which included the amalgamation of three subsidiary companies — Udaipur Cement Works Ltd, Hansdeep Industries & Trading Company Ltd, and Hidrive Developers and Industries Ltd — into JK Lakshmi Cement, has become effective from July 31, 2025, with the appointed date of April 1, 2024.
The company is implementing a project to enhance its TSR from 4% to 16% in a phased manner at its Sirohi Cement Plant as part of its green initiatives.
Shares of JK Cement Ltd ended at ₹5,620, up by ₹138.85, or 2.53%, on the BSE today, February 3.
