JK Lakshmi Cement Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 07:20 am EST
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JK Lakshmi Cement Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 17,028.4 million compared to INR 15,617.4 million a year ago. Revenue was INR 17,195.4 million compared to INR 15,766 million a year ago. Net income was INR 1,436.7 million compared to INR 763.8 million a year ago. Basic earnings per share from continuing operations was INR 12.21 compared to INR 6.49 a year ago. Diluted earnings per share from continuing operations was INR 12.21 compared to INR 6.49 a year ago.
For the nine months, sales was INR 50,076.2 million compared to INR 45,894.3 million a year ago. Revenue was INR 50,494.3 million compared to INR 46,302.6 million a year ago. Net income was INR 3,148.1 million compared to INR 2,485.9 million a year ago. Basic earnings per share from continuing operations was INR 26.75 compared to INR 21.13 a year ago. Diluted earnings per share from continuing operations was INR 26.75 compared to INR 21.13 a year ago.
JK Lakshmi Cement Limited is an India-based company that is engaged in the manufacturing of cement. The Company is a manufacturer and supplier of cement and cementitious products like ready-mix concrete (RMC) and autoclaved aerated concrete (AAC) Blocks with manufacturing facilities in the state of Rajasthan, Chhattisgarh, Gujarat, Haryana, Uttar Pradesh, and Odisha. Its product range includes an array of cement products like ordinary portland cement (OPC), portland pozzolana cement (PPC), portland slag cement (PSC) and composite cement. In addition to cement products, the Company provides a host of value-added products and services such as RMC, gypsum plaster, wall putty, autoclaved aerated blocks, construction chemicals and adhesives. Its cement brand includes JK Lakshmi Cement, JK Lakshmi PRO+ Cement, Platinum Heavy Duty Cement, Platinum Supreme Cement. Its Value-added solutions include JK Lakshmiplast Gypsum Plaster, JK Smartbond Mortar, JK Lakshmi Smart Serv Cement, and others.