Latest news with #JKCementLtd
Time of India
24-05-2025
- Business
- Time of India
JK Cement's profit jumps 64.4% to ₹361.3 crore in Q4 FY25
NEW DELHI: JK Cement Ltd on Saturday reported an increase of 64.5 per cent in its consolidated net profit to Rs 361.33 crore in the March quarter of FY25. The company had posted a profit of Rs 219.68 crore in the January-March period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Its revenue from operations was up 15.3 per cent at Rs 3,581.18 crore in the March quarter. It was at Rs 3,105.77 crore in the corresponding period a year ago. JKCL's total expenses were at Rs 3,092.04 crore, up 9.8 per cent year-on-year in the March quarter. Total income of JKCL, which includes other income, stood at Rs 3,627.06 crore, up 15 per cent higher annually. For the financial year ended March 31, 2025, JK Cement profit increased 10.4 per cent to Rs 872.17 crore, from Rs 789.93 crore a year ago. In FY25, JKCL's total consolidated income rose 3 per cent to Rs 12,052.10 crore. JK Cement has an installed grey cement capacity of 24.34 MnTPA. It is one of the leading manufacturers of white cement, globally, with a total white cement capacity of 1.12 MnTPA and wall putty production capacity of 1.33 MnTPA.
Time of India
24-05-2025
- Business
- Time of India
JK Cement reports 64.4% jump in Q4 profit to Rs 361.3 crore, sales rise 15.3% to Rs 3,581.2 crore
JK Cement Ltd on Saturday announced a robust 64.5% increase in its consolidated net profit, reaching Rs 361.33 crore for the March quarter of FY25. In comparison, the company had reported a net profit of Rs 219.68 crore in the same quarter of the previous year, according to a regulatory filing. Tired of too many ads? go ad free now Revenue from operations for the company grew by 15.3%, totalling Rs 3,581.18 crore in Q4 FY25, compared to Rs 3,105.77 crore in the corresponding period a year ago, PTI reported. JK Cement's total expenses for the March quarter stood at Rs 3,092.04 crore, marking a 9.8% increase year-on-year. The company's total income, including other income, amounted to Rs 3,627.06 crore, reflecting a 15% annual growth. For the financial year ending March 31, 2025, JK Cement's net profit rose 10.4% to Rs 872.17 crore, up from Rs 789.93 crore a year ago. In FY25, the company's total consolidated income rose by 3% to Rs 12,052.10 crore. JK Cement has an installed grey cement capacity of 24.34 million tonnes per annum (MnTPA). Additionally, it is one of the leading global manufacturers of white cement, with a total white cement capacity of 1.12 MnTPA and wall putty production capacity of 1.33 MnTPA.
Economic Times
17-05-2025
- Business
- Economic Times
Cement sector sees 5% price surge in Q1FY26; UltraTech, JK Cement top buy
Live Events UltraTech Cement: Buy| Target Rs 13900| LTP Rs 11,889| Upside 17% JK Cement Ltd (JKCE): Buy| Target Rs 6000| LTP Rs 5243| Upside 14% (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian cement sector has shown notable resilience in recent months, with pricing trends remaining robust despite a generally subdued demand of May 2025, the all-India average cement price has risen by INR 5 per bag on a month-on-month basis and by INR 16 per bag quarter-to-date in the first quarter of FY26, translating to a 5% price strength is primarily attributed to sharp hikes in the southern region, followed by the eastern markets, while other regions have also reported moderate gains over the the South, cement prices surged by INR 35-40 per bag in April, marking a substantial 12% monthly jump. This was followed by another round of hikes in May, although the sustainability of these increases remains to be a period of weak margins , southern cement producers are now prioritizing profitability, carefully balancing volume growth with margin region is also witnessing the integration of assets following a wave of mergers and acquisitions, as companies work to align newly acquired facilities with their operational eastern region saw a 7% quarter-to-date rise in prices, although attempts to push through further hikes in May were quickly rolled back, reflecting the competitive intensity in the East is poised for significant capacity expansion, with an estimated 14 million tonnes per annum of grinding capacity to be added in both FY26 and FY27. This influx of new supply is expected to heighten competition and could lead to increased price volatility over the medium the West, prices remained largely flat in April but saw a modest INR 10 per bag increase in May. The region benefited from strong cement offtake in April, driven by government infrastructure projects and a rebound in private and commercial demand softened in early May due to unseasonal rains and labor shortages. Increased inter-regional movement of cement is also helping to keep a lid on further price hikes in the North and Central regions experienced minor price increases of up to INR 5 per bag in April, mainly due to the withdrawal of earlier sustaining these hikes has proved challenging, and average prices are up around 2% quarter-to-date. Demand in these regions remains subdued, particularly from the individual housing segment and the broader construction sector, though a pre-monsoon uptick is regions are set to see significant capacity additions in FY26, which should keep pricing disciplined in the near while demand has been soft due to labor issues, adverse weather, and slower government spending, the sector's profitability has been supported by favorable fuel prices and improved cost petcoke prices rose earlier in the year, recent declines are expected to help optimize fuel costs going industry's outlook remains positive, underpinned by a strategic focus on balancing volume growth with profitability, ongoing consolidation, and the potential for a demand recovery as macroeconomic conditions improve and government spending picks recent price hikes amid upcoming capacity expansions and evolving demand dynamics will be key to the sector's performance in the coming quarters. UltraTech Cement's Q4FY25 results were in line with expectations, with EBITDA up 12% YoY at INR46.2b and PAT up 8% YoY at per ton fell 4% YoY, while margins remained flat at ~20%. Despite early FY26 demand weakness due to heatwaves, growth is expected to pick up, with double-digit volume growth savings of INR86/t were achieved in FY25, with further INR214/t targeted by FY27. Net debt/EBITDA is strong at 0.5x. The stock is valued at 20x FY27E EV/EBITDA. We estimate a CAGR of 15%/29%/34% in consolidated revenue/EBITDA/PAT over FY25-FY27, aided by inorganic plans to double its grey cement capacity by FY30 through greenfield and brownfield projects across North, Central, South, and East India. This expansion will strengthen its market position and enhance its pan-India company is improving its cost structure with efficient equipment, upgrades, and sustainability measures like increasing green power and Thermal Substitution Rate (TSR). It has delivered robust volume (grey cement) CAGR of ~16% over estimate JKCE's revenue/EBITDA/PAT CAGR at 15%/21%/33% over FY25-27, driven by strong volume growth and profitability. We maintain a buy rating, as JKCE is well-positioned among mid-sized cement firms(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
