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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.
