InvestorQ : What is your view on the latest profit numbers of JK Lakshmi Cements?
shrinidhi Rajan made post

What is your view on the latest profit numbers of JK Lakshmi Cements?

Answer
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Riya Dwivedi answered.
1 month ago


JK Lakshmi Cements reported 20% fall in net sales for the Jun-20 quarter at Rs.825 crore. For the June quarter, the net profit, however, was up by 12.75% at Rs.39.40 crore. Clearly, this rise in profit was due to post operations appropriation as the EBITDA was actually down by 13.8% at Rs.151 crore in the Jun-20 quarter.

The core operations did face some headwinds in the form of weak off take and limited demand coming from the construction sector. However, better cost management helped the company to post better net profits. That also explains why the stock has bounced back sharply from lower levels after the sharp crack in prices in the COVID scenario.