On October 26, JK Cement Ltd reported a year-on-year (YoY) drop of 28.3% in net profit, reaching ₹125.8 crore for the second quarter ending September 30, 2024. This is down from ₹175.4 crore in the same period last year, as per the company’s regulatory filing. Revenue from operations also decreased by 7%, amounting to ₹2,560 crore compared to ₹2,752.8 crore in the same quarter of the previous year.
Operating performance showed a 39.2% decline in EBITDA, which stood at ₹284 crore for Q2 FY25, down from ₹467 crore a year ago. The EBITDA margin fell to 11.1% from 17% YoY. EBITDA reflects earnings before interest, tax, depreciation, and amortization.
During the quarter, JK Cement operated at a capacity utilization rate of 64% for cement and 67% for clinker, impacted by a scheduled shutdown at its Muddapur facility. This led to additional clinker purchases to sustain production, adding approximately ₹10 crore to costs.
Cement volumes for Q2 FY25 reached 3.80 million tonnes, a decrease from 4.33 million tonnes in the previous quarter. However, JK Cement increased its net sales realization per ton to ₹4,708, up from ₹4,669 in Q1, driven by targeted sales in high-revenue regions.
JK Cement Ltd is one of India’s leading manufacturers of cement and building materials, known for its high-quality products and innovative approach. Established in 1975, the company has grown to become a key player in the cement industry, offering a diverse range of products including grey cement, white cement, and wall putty.
JK Cement operates several manufacturing plants across India and the UAE, with a strong distribution network that ensures widespread availability of its products. The company is particularly renowned for its white cement, which is used in a variety of decorative and architectural applications.
JK Cement emphasizes sustainability and environmental responsibility in its operations, incorporating energy-efficient processes and renewable energy sources. With a commitment to innovation and customer satisfaction, JK Cement continues to play a vital role in India’s infrastructure and real estate development.
