J.K. Cement Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 20, 2024 at 02:20 pm IST
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J.K. 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 29,348.35 million compared to INR 24,360.95 million a year ago. Revenue was INR 29,732.87 million compared to INR 24,548.09 million a year ago. Net income was INR 2,838.24 million compared to INR 389.88 million a year ago. Basic earnings per share from continuing operations was INR 36.73 compared to INR 5.05 a year ago.
For the nine months, sales was INR 84,502.35 million compared to INR 69,423.2 million a year ago. Revenue was INR 85,496.12 million compared to INR 69,917.56 million a year ago. Net income was INR 5,710.84 million compared to INR 3,140.59 million a year ago. Basic earnings per share from continuing operations was INR 73.91 compared to INR 40.65 a year ago.
J.K. Cement Ltd. is an India-based company cement and building products manufacturer company. The Company's product portfolio includes grey cement, white cement, wall putty, gypsum plaster, tile adhesives & grouts, and wood finishes. Grey cement offers JK Super Protect Weather Shield Cement; JK Super Strong Concrete Special; JK Super Cement Portland Pozzolana Cement (PPC); JK Super Ordinary Portland Cement (OPC) 43, JK Super OPC 53, and JK Super Portland Slag Cement (PSC). The White cement portfolio includes JKC WhiteMaxX and JKC RepairMaxX. The Wall Putty portfolio provides JKC WallMaxX, JKC WallMaxX Advanced, JKC ShieldMaxX, JKC LevelMaxX, and JKC LevelMaxX Plus. The Gypsum Plaster portfolio provides JKC GypsoMaxX, JKC PlastoMaxX, and JKC BondMaxX. It operates seven grey cement manufacturing plants and two white cement and wall Putty manufacturing plants. The Company's subsidiaries include J.K. Cement (Fujairah) FZC, JK Maxx Paints Limited, and Toshali Cements Pvt Ltd., among others.