JK Lakshmi Cement

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.

JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement. "With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years," the company said in a statement. Starting with a fleet of 10 LNG trucks plying on the Sirohi in Rajasthan to Surat in Gujarat route, the companies plan to scale this up substantially over the next two years. "Each LNG truck reduces about 35 tons of CO2 emissions per year. With the switch to LNG fuelled logistics, JK Lakshmi Cement aims to reduce its carbon emissions, not only to achieve its environmental goals but also boost its ESG performance," it said. Trucks in India usually use diesel as fuel. Liquefied natural gas (LNG) offers a less polluting alternative on long-haul routes. Speaking on the occasion, Arun Shukla, President & Director, JK Lakshmi Cement Ltd,

With today's rally, the market price of JK Lakshmi Cement has zoomed 117 per cent from its 52-week low of Rs 368.65, touched on May 12, 2022.

The stock was trading higher for the third straight day and has gained 6 per cent during this period.

Analysts said the results were better than estimated, mainly driven by better-than- expected realisations that were up around 17 per cent YoY to Rs 5,651/tonne (up 1.5 per cent QoQ)

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The technical analyst from HDFC Securities sees the positional trend for Nifty as bullish and expects the index to seek support around 16,400-level.

JK Lakshmi Cement Ltd on Friday reported a 6.06 per cent decline in consolidated net profit for the September quarter at Rs 87.29 crore, hit by higher input costs. The company had posted a profit of Rs 92.93 crore in the July-September period a year ago, JK Lakshmi Cement said in a regulatory filing. Revenue from operations slipped 6.80 per cent to Rs 1,208.80 crore from Rs 1,131.74 crore in the year-ago period. "As a result of a steep increase in prices of Petcoke & Diesel, the cost soared considerably which affected the profitability adversely. "Company's volumes also got impacted due to transporters strike in Chhattisgarh plant which affected our East despatches for nearly 15 days in this quarter," JK Lakshmi Cement said in a post-earnings statement. The reduced volumes and increased costs brought down the EBIDTA to Rs 178.88 crore in the July-September quarter from Rs 205. 05 crore a year ago. Total expenses were at Rs 1,105.46 crore, as against Rs 1,015.65 crore ...

Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike

Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good

CDSL and NBCC have doubled so far this year, while Trident and JK Lakshmi Cement have gained 91 per cent each during the same period

Out of these 20 counters, only 4 stocks are showing weakness in the overbought condition and can correct in the days ahead.

The company said it has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc

JK Lakshmi Cement Ltd on Wednesday reported a 86.90 per cent rise in consolidated net profit at Rs 92.93 crore for the second quarter ended September 30, helped by cost reduction. The company had posted a net profit of Rs 49.72 crore in July-September quarter a year ago, JK Lakshmi Cement said in a regulatory filing. Revenue from operations rose 11.79 per cent to Rs 1,131.74 crore during the quarter under review as against Rs 1,012.36 crore in the year-ago period. "The company's concerted efforts to improve efficiencies, better product mix and reduction in logistic costs enabled the company to push its profitability up. Softening in pet coke prices helped the company to improve the margins," JK Lakshmi Cement said in a post earnings statement. Total expenses declined 7.88 per cent to Rs 1,015.65 crore as against Rs 941.45 crore in the year-ago quarter. The company's subsidiary Udaipur Cement Works is expanding its cement capacity by 2.5 million tonnes, which is likely to be ...

Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions

The company's profit before tax more than doubled to Rs 131 crore in Q4, against Rs 57.4 crore in the previous year quarter.

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

The net profit was affected by increase in prices of Pet Coke and diesel

The green nod to the project was given subject to some conditions

JK Lakshmi Cement on Thursday reported a standalone net profit of Rs 28.6 crore for the quarter ended June 30, compared with a net loss Rs 23.5 crore in the year-ago period.