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JK Lakshmi Cement Ltd reported a 23.66 per cent drop in consolidated net profit to INR 57.04 crore for the December quarter, mainly due to exceptional expenses linked to new labour laws. Despite this, profit before exceptional items and tax rose 5.55 per cent, indicating stable core operations. Revenue from operations grew over 6 per cent, while sales volumes increased more than 8 per cent to 3.28 million tonnes. The company maintained a positive outlook for the cement sector, citing infrastructure and housing demand.
JK Lakshmi Cement Ltd reported a sharp fall in consolidated net profit for the December quarter, impacted largely by costs linked to the implementation of new labour laws. The company posted a profit of INR 57.04 crore, marking a decline of 23.66 per cent compared to the same quarter last year, according to a regulatory filing by the JK Organisation flagship firm. Advertisement
In the corresponding October-December period of the previous financial year, the cement maker had reported a net profit of INR 74.72 crore. The decline in the latest quarter was mainly due to exceptional expenses amounting to INR 19.09 crore, incurred following the rollout of new labour codes across operations.
Before accounting for exceptional items and tax, profit stood at INR 94.26 crore, reflecting a growth of 5.55 per cent over the year-ago period, when it was INR 89.30 crore. This indicates that the company's core operating performance remained steady despite higher compliance-related costs.
Revenue from operations during the quarter rose 6.11 per cent to INR 1,588.40 crore, compared with INR 1,496.83 crore in the same period last year. Total expenses increased at a faster pace of 7.53 per cent to INR 1,523.27 crore, reflecting higher input and operational costs during FY26.
Sales volumes showed healthy growth, rising 8.24 per cent to 3.28 million tonnes in the third quarter of FY26, supported by sustained demand from infrastructure and housing segments. Total income, including other income, grew 14 per cent year-on-year to INR 1,717.53 crore.
Commenting on industry trends, the company indicated that the outlook for India's cement sector in 2025-26 appears stronger than the previous year, with volume growth expected at around 6 per cent, driven by infrastructure activity and housing demand. Shares of JK Lakshmi Cement ended lower on the BSE in the latest session, closing at INR 761.80 per share, down 1.91 per cent from the previous close.
Source PTI
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