JK Lakshmi Cement Reports 59.7% Profit Drop in Q3

6 Feb 2025 , 09:10 PM

JK Lakshmi Cement Ltd reported its consolidated net profit at ₹60.46 crore for the December quarter. The company had reported a net profit of ₹150.15 crore in the year-ago quarter.

Standalone revenue from operations declined 12% to ₹1,496.83 crore from ₹1,702.84 crore during the same period. Sales volume dropped by 4.54% at 22.48 lakh tonnes for these three months.

Chairperson & Managing Director Vinita Singhania said the profit fall was due to poor demand and pricing pressure in the firm’s core markets. Expenses during the quarter remained at ₹1,416.57 crore, down 5.9% than a year ago. Its total income, including other income, was at ₹ 1,505.87 crore, down 12.42% from a year earlier.

Despite the challenging quarter, JK Lakshmi Cement remains optimistic about future growth, citing government investments in infrastructure, housing, and road development as key catalysts for demand recovery in the cement sector.