JK Lakshmi Cement Ltd. (JKLC), a prominent player in the JK Organization, revealed its financial performance for the third quarter of FY2025. The company recorded a net profit of ₹59.64 crores for the period, alongside a Board-approved composite scheme for the merger of its subsidiaries, including Udaipur Cement Works Ltd. (UCWL), Hansdeep Industries & Trading Company Limited, and Hidrive Developers & Industries Limited, subject to regulatory approvals. The merger is set to take effect from April 1, 2024.
Chairperson & Managing Director Vinita Singhania attributed the decline in profitability to weaker sales realization in JKCL’s key markets. The company’s total expenses decreased by 5.9% year-on-year to ₹1,416.57 crore, while total income, including other income, fell by 12.42% to ₹1,505.87 crore.
JKLC is working on a project to boost its Total Sustainable Resource (TSR) at its Sirohi Cement Plant from 4% to 16%, part of the company’s ongoing green initiatives. Additionally, renewable energy now accounts for 48% of the company’s total power consumption.
JKLC has outlined significant capital expenditure and expansion plans to enhance its production capabilities. The company is doubling the grinding capacity of its Surat unit from 1.35 million tonnes to 2.7 million tonnes at an estimated cost of ₹225 crore, with ₹150 crore financed through term loans and the rest from internal funds.
Additionally, JKLC is investing ₹325 crore in building a railway siding at its Durg cement plant, with ₹225 crore covered through debt and the remaining amount from internal accruals. The most extensive initiative involves the expansion of its integrated cement plant, which includes a new 2.3 million-tonne-per-annum clinker line, four cement grinding units, and three split-location grinding units, with a total cost of ₹2,500 crore, financed through ₹1,750 crore in term loans and internal resources.
In recognition of its commitment to corporate social responsibility and operational excellence, JKLC received several prestigious awards in the third quarter. The company was honored with the Innovation in CSR Practices Award at the 11th CSR Summit & Awards 2024, highlighting its dedication to impactful social initiatives. The Sirohi Unit secured seven Gold Awards at the Rajsamand Chapter Convention of the Quality Circle Forum of India, demonstrating its focus on quality and continuous improvement.
Further adding to its accolades, JKLC’s Durg Unit received a Silver Category Award for Alternative Fuels and Raw Materials (AF & AR) co-processing at the International Waste Management Conference. Several other units, including those in Cuttack, Jhajjar, and Surat, were recognized for their contributions to CSR, energy efficiency, and environmental sustainability. These achievements reflect JKLC’s ongoing efforts to integrate sustainable practices and operational excellence across its business. With the government’s emphasis on infrastructure development and increased budget allocation for housing and road projects, the outlook for the cement industry remains positive for the upcoming year.
Part of the prestigious JK Organization, which has been operating for over 135 years, JK Lakshmi Cement has become a well-established name in the Indian cement industry. The company operates with a combined capacity of 16.4 million tonnes per annum and has a presence across northern, western, and eastern India. It also produces value-added products like Ready Mix Concrete (RMC), Gypsum Plaster, Wall Putty, and Fly Ash Blocks. Looking ahead, JK Lakshmi Cement aims to increase its cement production capacity to 30 million tonnes by 2030.
