JK Cements Shares in Focus: Net Profit Fell ~33% During Q3FY25

On January 27, 2025, JK Cement shares are on investors’ radar after the release of the financial results for the quarter ended December 31, 2024. JK Cement’s net profit witnessed a significant decline of 33.1%, falling to ₹190 crore, compared to ₹284 crore in the same period last year.

The company’s consolidated revenue for the quarter stood at ₹2974.83 crore, a slight decrease of 0.05% compared to ₹2819.99 crore in the third quarter of the previous fiscal year.

Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) came in at ₹490 crore, reflecting a 21.6% drop from ₹625 crore recorded during the same period last year. The company’s EBITDA margin also slipped to 16.8%, down from 21.3% in the previous year.

JK Cement Operational Performance 

As of December 31, 2024, JK Cement’s total production capacity stood at 24.34 MTPA for grey cement and 3.05 MTPA for white cement and wall putty.The company’s expansion of its 6 MTPA grey clinker capacity is progressing well and remains on track.

In line with its sustainability goals, the company commissioned 11 MW of renewable energy (RE) power capacity under Group Captive in the current quarter. Additionally, JK Cement signed agreements for 39 MW of Group Captive RE power, bringing the total RE power arrangements under Group Captive to 267 MW.

Strategic Acquisition of Saifco Cements

The company’s board of directors has given in-principle approval for the acquisition of a 60% equity shareholding in Saifco Cements Private Limited. The transaction will involve a Shareholders Agreement (SHA) and a Securities Subscription and Purchase Agreement (SSPA) with Saifco and its shareholders. The total consideration for the 60% stake is ₹174 crore, based on the enterprise value.

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