JK Lakshmi Cement's PAT dips 41.64% YoY to Rs60cr for Q3 FY22

3 Feb 2022 , 11:28 AM

JK Lakshmi Cement Ltd. reported its results for the quarter ending December 2021. The company stated that there seems to be no respite from the continuous rise in Petcoke and Diesel prices which are hovering at an all-time high and have impacted company’s profitability severely. Company’s revenue grew marginally at Rs 1193.41 crore for the quarter ended December 2021, against Rs 1192.80 crore for the previous corresponding quarter.

Company’s EBITDA fell by 23% YoY to Rs 162.84 Crore in Oct-Dec’21 against Rs 212.46 crore for the Oct-Dec’20 period. Its PBT stood at Rs 90.99 crore for Q3 FY’22 against Rs 127.15 crore for the previous corresponding quarter, declining 39.74% YoY.

Company’s PAT stood at Rs 59.84 crore for the quarter ended December 2021, against Rs 102.53 crore for the previous corresponding quarter, declining 41.64% YoY.

During the Nine months, April21-December21 Company's Sales inflated by 16% to Rs. 3,543.14 Crore (Rs. 3062. 72 Crore) and EBITDA was up at Rs. 574. 65 Crore (Rs. 569. 02 Crore). JKLC's profit at PAT level during this period moved up by 12% at Rs. 256.30 crore against a profit of Rs. 227. 97crore in the same period last year.

JK Lakshmi Cement is currently trading at Rs565.10 down by Rs4.7 or 0.82% from its previous closing of Rs569.80.