6 Feb 2022 , 09:07 PM
During the quarter, saw good traction on cement sales, although the Omicron variant did dent sales for a brief period, especially in the Northern part of India.
The CCI has imposed a penalty of Rs.128cr on JK Cements for contravention of provisions of the Competition Act. However, the company is confident of its strong legal grounds.
For instance, the power and fuel costs were up 35% yoy at Rs457cr while the freight and forwarding costs in the quarter were higher by 12.3% at Rs411cr.
Other expenses were also higher by 33% on yoy basis, putting pressure on the operating profits. Net margins tapered from 9.87% in the Dec-20 quarter to 8.26% in the Dec-21 quarter. Net margins were lower sequentially by 142 bps.
Financial highlights for Dec-21 compared yoy and sequentially
JK Cements | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 2,030.49 | ₹ 1,832.71 | 10.79% | ₹ 1,895.02 | 7.15% |
Net Profit (Rs cr) | ₹ 143.54 | ₹ 215.65 | -33.44% | ₹ 152.52 | -5.89% |
Diluted EPS (Rs) | ₹ 18.14 | ₹ 28.12 | ₹ 19.35 | ||
Net Margins | 7.07% | 11.77% | 8.05% |
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