Share the post "JK Lakshmi Cement : Q4 2024 Financial Quarterly Report : YoY Sales Down 4.36 %, QoQ Up 4.58 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -4.36 % over the year, substantial increase in net sales/revenue by 4.58 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 55.6 %. Marginal increase in other income during this quarter, up by 54.86%.
- Profit over the Year and quarter: Significant improvement in profitability for JK Lakshmi Cement Limited. Notable increase of 41.13 % in net profit Year to Year, JK Lakshmi Cement Limited’s profitability increased by 7.93 % in this quarter.
- EPS over the Year and quarter: EPS increased by 42.67 % Year to Year. EPS increased by 9.25 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1862.07 Cr | Rs. 1702.84 Cr | Rs. 1780.85 Cr | + 4.58 % | -4.36 % |
| Expenses | Rs. 1629.41 Cr | Rs. 1400.7 Cr | Rs. 1444.33 Cr | + 3.11 % | -11.36 % |
| Operating Profit | Rs. 232.66 Cr | Rs. 302.14 Cr | Rs. 336.52 Cr | + 11.38 % | + 44.64 % |
| OPM % | 12.49 % | 17.74 % | 18.9 % | + 1.16 % | + 6.41 % |
| Other Income | Rs. 16.69 Cr | Rs. 16.77 Cr | Rs. 25.97 Cr | + 54.86 % | + 55.6 % |
| Interest | Rs. 28.73 Cr | Rs. 39.11 Cr | Rs. 44.62 Cr | + 14.09 % | + 55.31 % |
| Depreciation | Rs. 58.81 Cr | Rs. 65.71 Cr | Rs. 67.87 Cr | + 3.29 % | + 15.41 % |
| Profit before tax | Rs. 161.81 Cr | Rs. 214.09 Cr | Rs. 250 Cr | + 16.77 % | + 54.5 % |
| Tax % | 29.03 % | 32.67 % | 35.13 % | + 2.46 % | + 6.1 % |
| Net Profit | Rs. 114.83 Cr | Rs. 150.15 Cr | Rs. 162.06 Cr | + 7.93 % | + 41.13 % |
| EPS in Rs | Rs. 9.35 | Rs. 12.21 | Rs. 13.34 | + 9.25 % | + 42.67 % |
Today, we’re looking at JK Lakshmi Cement Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.36 %. However, it did see a marginal increase of 4.58 % from the previous quarter. Expenses ticked up slightly by 3.11 % quarter-on-quarter, aligning with the annual decline of -11.36 %. Operating profit, while up 44.64 % compared to last year, faced a quarter-on-quarter increase of 11.38 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.41 %, but an expansion of 1.16 % sequentially. Other income rose by 54.86 % compared to the last quarter, despite an annual growth of 55.6 %. Interest expenses surged remarkably by 14.09 % from the previous quarter, yet the year-over-year increase remains at a moderate 55.31 %. Depreciation costs climbed by 3.29 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.41 %. Profit before tax grew annually by 54.5 % but saw an increase from the preceding quarter by 16.77 %.
Tax expenses as a percentage of profits increased slightly by 6.1 % compared to last year, with a more notable quarter-on-quarter increase of 2.46 %. Net profit rose by 41.13 % year-on-year but experienced a 7.93 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 42.67 % but a quarterly rise of 9.25 %. In summary, JK Lakshmi Cement Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1862.07 Cr | Rs. 1702.84 Cr | Rs. 1780.85 Cr | + 4.58 % | -4.36 % |
| Expenses | Rs. 1629.41 Cr | Rs. 1400.7 Cr | Rs. 1444.33 Cr | + 3.11 % | -11.36 % |
| Operating Profit | Rs. 232.66 Cr | Rs. 302.14 Cr | Rs. 336.52 Cr | + 11.38 % | + 44.64 % |
| Net Profit | Rs. 114.83 Cr | Rs. 150.15 Cr | Rs. 162.06 Cr | + 7.93 % | + 41.13 % |
| EPS in Rs | Rs. 9.35 | Rs. 12.21 | Rs. 13.34 | + 9.25 % | + 42.67 % |
In reviewing JK Lakshmi Cement Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.36 % year-on-year, however, there was a minor increase of 4.58 % from the previous quarter. Expenses decreased by -11.36 % compared to the previous year, with a 3.11 % increase quarter-on-quarter. Operating Profit surged by 44.64 % annually, and saw a 11.38 % increase from the last quarter.
Net Profit showed yearly increase of 41.13 %, and experienced a 7.93 % increase from the previous quarter. Earnings Per Share (EPS) rose by 42.67 % annually, however rose by 9.25 % compared to the last quarter. In essence, while JK Lakshmi Cement Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
5
3-Year Profit
50
5-Year Profit
17
10-Year Profit
770
Current Price
9,059
Market Cap
Upon examining the financial data for BSE code 500380, it becomes clear that the company achieved a notable five-year profit of 50 percents, which impressively increased to 5 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of 66 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 20 percents over the five-year period to just 19 percents in the last year. The ten-year average stock price, which sits at 8 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
Currently valued at ₹9,059 crore, the company's stock price stands at ₹770. Over the years, it has seen significant fluctuations, with its price ranging from ₹1,000 / 635, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 19.9, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹271, which represents the net asset value of the company per share. The dividend yield of 0.84% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 17.0%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 15.4%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.65, signaling conservative financial management. However, the net cash flow is negative at ₹-16.3 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 7.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹490, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 2.84, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
