
Udaipur Cement Works fixes record date for scheme of amalgamation
Udaipur Cement Works has fixed 25 August 2025 as record date for the purpose of determining the names of the eligible equity shareholders of the Company i.e. Udaipur Cement Works (Amalgamating company 1) to whom equity shares of Amalgamated company i.e. JK Lakshmi Cement will be issued and allotted pursuant to the Scheme, as under:
for 100 equity shares of face and paid-up value of Rs 4 (Indian Rupees four) each held in the Amalgamating Company 1, 4 equity shares of face and paid-up value of Rs 5 (Indian Rupees five) each in the Amalgamated Company.

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Business Standard
2 days ago
- Business Standard
JK Lakshmi Cement Q1 results: PAT rises 2-fold to ₹150 cr, income up 12%
JK Lakshmi Cement Ltd has reported over twofold increase in consolidated net profit at ₹149.88 crore for the June quarter of 2025-26 financial year. The company, which completed the merger of subsidiary Udaipur Cement Works, had posted a profit of Rs 56.68 crore in the April-June period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKLC), a flagship company of JK Organisation. Total income was up 11.8 per cent at ₹1,763.14 crore in the June quarter, helped by volume gains. It was at ₹1,576.96 crore in the corresponding quarter. Chairperson & Managing Director Vinita Singhania said, profitability of the company improved on account of higher volume, better product & market mix and reduction in fuel cost." JK Lakshmi Cement's sales volume in the June quarter was at 3,326 lakh tonne, up nearly 10 per cent year-on-year. Total expenses of JK Lakshmi Cement were at ₹1,559.26 crore, up 6.68 per cent from the year-ago period. The company said the merger with Udaipur Cement Works Limited (UCWL) will strengthen its footprint in the Indian cement sector. "The merger, approved by the Boards of Directors of both companies, is aimed at simplifying the group structure, enhancing operational efficiencies, and realising long-term synergies. The consolidation will enable optimal utilisation of resources, improved logistics and supply chain management, and a unified approach to customer and market engagement," it said. The company's Composite Scheme of Arrangement has been approved by the National Company Law Tribunal. The scheme has become effective from July 31, 2025. JK Lakshmi Cement has a capacity of about 16.5 million tonne per annum.


Business Standard
2 days ago
- Business Standard
JK Lakshmi Cement consolidated net profit rises 163.97% in the June 2025 quarter
Sales rise 11.32% to Rs 1740.93 croreNet profit of JK Lakshmi Cement rose 163.97% to Rs 150.17 crore in the quarter ended June 2025 as against Rs 56.89 crore during the previous quarter ended June 2024. Sales rose 11.32% to Rs 1740.93 crore in the quarter ended June 2025 as against Rs 1563.88 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 11 OPM %17.8714.22 -PBDT281.24189.63 48 PBT203.95117.95 73 NP150.1756.89 164 Powered by Capital Market - Live News


Time of India
24-07-2025
- Time of India
Chettinad Cement, JK Lakshmi in race to acquire Deccan Cements
NEW DELHI/MUMBAI: JK Lakshmi Cement and Chettinad Cement are bidding to acquire Telangana-based Deccan Cements , people aware of the talks told ET, as a state-driven infrastructure boom in neighbouring Andhra fuels demand for regional suppliers of the freight-heavy building material. Deccan Cements, with an expected operational capacity of 4 million tonnes by the end of this year, is seeking an enterprise value of $360 million (Rs 3,110 crore) for the company, said the people aware of the discussions. That translates into about $90 for each tonne of capacity. Explore courses from Top Institutes in Please select course: Select a Course Category Replacement valuations in India's regionally divided cement industry differ rather widely, with greenfield expansions often costing above $100 a tonne. Valuations are generally more reasonable in southern India due to lower capacity utilisation and naked cement realisation (NCR) on each tonne of material sold. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Dark Truth Nobody Talks About Best Solutions | Search ads Undo Deccan Cements' plants are located on the outskirts of Andhra Pradesh's second largest city of Vijayawada, although its corporate headquarters are in Hyderabad. The company is helmed by Parvathi Penmetcha . Deccan has engaged EY for a potential sale, as per sources. Live Events Andhra Pradesh's new capital city of Amaravati is fuelling a state-driven infrastructure boom in a region that has a significant number of integrated cement units. The Centre has unveiled projects worth Rs 50,000 crore for upgrading the state capital. Deccan Cements, JK Lakshmi Cement, Chettinad Cement and EY did not respond to ET's queries on the subject until the publication of this report. Delhi-based JK Lakshmi Cement has no manufacturing presence in Andhra Pradesh or Telangana. Chennai-based Chettinad Cement has manufacturing facilities in both states. Stock Surge Shares of Deccan Cements have surged nearly 66% so far in 2025, hitting their lifetime high of Rs 1,125 earlier this month. The company has been seeing a steady decline in profits since 2021, with the full-year profit for fiscal 2025 at a mere Rs 8 crore on sales of Rs 527 crore. It had a net cash outgo of Rs 87 crore for the year. It's earnings before interest, tax, depreciation and amortisation (EBITDA) per tonne of cement produced was Rs 489 in financial year 2023-24. This compares poorly with industry average EBITDA of Rs 900-1200 per tonne. Industry watchers cautioned that larger players have benefits of scale. India's cement sector has been seeing consolidation since fiscal 2023, with market leader UltraTech Cement and the second-largest Adani Group buying most of the assets. This consolidation has been concentrated in the southern markets of India, which account for almost one-third of the total production in the country. The demand for cement in the country has been robust over the last few years. In anticipation of this to rise further, most cement producers in the country are aggressively expanding capacities.