JKLC Posted Net Profit of Rs. 59.64 Crores in October-December 2024

JK
Lakshmi
Cement
Ltd.
(JKLC),
a
Flagship
Company
of
JK
Organization
today
announced
its
Financial
Results
for
the
Third
Quarter
of
Financial
Year
2025.

Financial
Highlights

Standalone

Composite
Scheme
of
Arrangement

Further
as
a
part
of
Company’s
ongoing
efforts
to
enhance
Shareholders’
Value,
the
Company’s
Board
had
approved
the
Composite
Scheme
of
Arrangement
which
provides
for
the
Merger
of
its
Subsidiaries
viz
Udaipur
Cement
Works
Ltd
(UCWL),
Hansdeep
Industries
&
Trading
Company
Limited
and
Hidrive
Developers
&
Industries
Limited
into
itself
subject
to
various
Regulatory
Approvals
&
Compliances.
The
Appointment
Date
for
the
Merger
is
1^st
April
2024.
The
Company
has
already
approached
the
Regulatory
Authorities
for
their
consents.
Pending
the
necessary
approvals,
the
effect
of
the
Scheme
has
not
been
given
in
the
Financial
Results.

Commenting
on
the
Results
of
the
Company,

Smt.
Vinita
Singhania,
Chairperson
&
Managing
Director

(CMD)
of
the
Company
said,

“The
Profitability
of
the
Company
for
the
Quarter
has
been
impacted
due
to
Lower
Sales
Realization
in
our
primary
markets.”

Sustainability

The
Company
is
implementing
a
Project
for
enhancing
its
TSR
from
4%
to
16%
in
a
phased
manner
at
its
Sirohi
Cement
Plant
as
a
part
of
its
Green
Initiatives.

The
Share
of
Renewable
Power
Green
Power
in
the
Company’s
Power
Mix
was
48%
for
the
Quarter.

CAPEX

The
Company
is
expanding
its
Cement
Grinding
capacity
at
its
Surat
Grinding
Unit
from
1.35
Million
Tonnes
to
2.7
Million
Tonnes.
The
Project
is
likely
to
cost
Rs.225
Crores
to
be
funded
through
Term
Loans
from
Bank
of
Rs.
150
Crore
&
the
balance
from
Internal
Accruals.

The
Company
is
also
putting
up
a
Railway
Siding
at
its
Durg
Cement
Plant
at
a
Cost
of
Rs.325
Crores
to
be
funded
through
a
Debt
of
Rs.
225
Crores
&
the
balance
through
Internal
Accruals.

The
Company
is
expanding
the
Clinker
Capacity
at
its
integrated
Cement
Plant
at
Durg
in
Chhattisgarh
by
putting
up
an
Additional
Clinker
Line
of
2.3
Million
Tonnes
Per
Annum
&
Four
Cement
Grinding
Units
aggregating
to
4.6
Million
Tonnes
Per
Annum
at
Durg
in
Chhattisgarh
and
also
Three
Split
Location
Cement
Grinding
Units
with
aggregate
Cement
Grinding
Capacity
of
3.4
Million
Tonnes
Per
Annum
at
Prayagraj
in
Uttar
Pradesh,
Madhubani
in
Bihar
&
Patratu
in
Jharkhand.
The
Project
is
likely
to
cost
Rs.2500
Crores
&
is
proposed
to
be
funded
through
Term
Loans
from
Banks
of
Rs.1750
Crores
&
the
balance
through
Internal
Accruals.

Consolidated
Financial
Results
for
the
Quarter
&
Nine
Months
ended
31^st December
2024.

Awards
&
Accolades

1.
JK
Lakshmi
Cement
felicitated
with
Innovation
in
CSR
Practices
Award
At
11^th
edition
of
CSR
Summit
&
Awards
2024
by
UBS
Forums.

2.
7
Gold
Awards
at
Rajsamand
Chapter
Convention
of
Quality
Circle
Forum
of
India,
2024
to
Sirohi
Unit.

3.
JK
Lakshmi
Cement
(Sirohi
Unit)
was
honoured
for
exceptional
commitment
to
workforce
welfare
with
the
Best
Employer
Award
by
the
Employers
Association
of
Rajasthan.

4.
JK
Lakshmi
Cement
(Durg
Unit)
was
awarded
the
Silver
Category
Award
for
outstanding
performance
in
AF
and
AR
co-processing
at
the
International
Waste
Management
Conference.

5.
JK
Lakshmi
Cement
(Surat
Grinding
Unit)
was
awarded
the
Gold
Award
in
the
Cement
Category
at
the
Grow
Care
India
Energy
Efficiency
Award
by
M/s
Grow
Care
India.

6. JK
Lakshmi
Cement
(Cuttack
Grinding
Unit)
was
awarded
the
Odisha
CSR
&
Leadership
Award
2024
at
the
Odisha
CSR
forum.

7.
JK
Lakshmi
Cement
(Jhajjar
Grinding
Unit)
was
awarded
the
Platinum
Award
in
the
Environment
Preservation
Category
at
the
16th
Exceed
Environment
Award
Ceremony.

8.
Durg
Unit
is
recognized
as
the
“Energy
Efficient
Unit”
at
the
25^th
National
Award
for
Excellence
in
Energy
Management
2024
by
CII.

9.
“Platinum
Award
2024”
in
the
Environment
Preservation
category
for
Outstanding
Practices
on
“Environment
Preservation”
in
the
Cement
Industry
at
the
16^th
Exceed
Environment
Award
Ceremony
to
Jhajjar
Grinding
Unit.

Outlook

Considering
the
Government’s
continuous
focus
on
Infrastructure
Development
&
Higher
Budgetary
allocation
towards
Infrastructure
Development
and
various
Other
Initiatives
for
Housing
&
Road
Development,
the
Outlook
for
Cement
Sector
is
positive
in
the
coming
year.

About
JK
Lakshmi
Cement
Limited

JK
Lakshmi
Cement
Limited

is
a
part
of
the
prestigious
JK
Organisation
which
is
over
hundred
and
thirty-five
years
old
and
boasts
operations
in
India
and
abroad
with
a
leadership
presence
in
the
fields
of
tyre,
cement,
paper,
power
transmissions,
sealing
solutions,
dairy
products
and
textiles.

JK
Lakshmi
Cement
is
a
renowned
and
well-established
name
in
the
Indian
Cement
industry
for
four
decades
and
has
an
annual
turnover
of
over
Rs
6000
crores.
The
Company
has
a
formidable
presence
in
Northern,
Western
and
Eastern
India’s
cement
markets.

Having
started
in
1982,
the
Company
has
modern
and
fully
computerized,
integrated
cement
plants
at
Jaykaypuram,
in
the
Sirohi
district
of
Rajasthan,
at
Dabok,
in
the
Udaipur
district
of
Rajasthan
(a
subsidiary
of
the
company)
and
at
Ahiwara,
in
the
Durg
district
of
Chhattisgarh.
The
Company
also
has
four
split
location
grinding
units
at
–
Kalol
and
Surat
in
Gujarat,
Jhamri
in
the
Jhajjar
district
of
Haryana
and
Cuttack
in
Odisha.
The
present
combined
capacity
of
the
Company
is
about
16.4
Million
Tonnes
per
annum.

The
Company
has
also
introduced
Smart
Business
Solution
Products
(SBS)
such
as
JK
Lakshmi
Concrete-
Ready
Mix
Concrete
(RMC),
JK
Lakshmi-
Gypsum
Plaster,
JK
Lakshmi
Wall
Putty
and
JK
Lakshmi
Fly
Ash
Blocks.

JK
Lakshmi
Cement
has
a
Vision
of
reaching
Cement
Capacity
of
30
Million
Tonnes
by
2030.