JK Lakshmi Cement second quarter results: loss of 13.99Cr rupees, revenue down 21.61% year-on-year

JK Lakshmi Cement Q2 Results Live

2024-11-07 11:11:00 :

JK Lakshmi Cement second quarter results released live: JK Lakshmi Cement announced its second quarter results on November 6, 2024, showing a sharp decline in financial performance. The company reports a loss $13.99 Crore, in stark contrast to profit $9,267 crore in the same period last year. In addition, this quarter’s revenue fell by 21.61% from the previous quarter, and revenue also fell by 21.08%.

In terms of expenses, the company’s sales, general and administrative costs decreased, down 9.03% month-on-month and 6.05% year-on-year. However, the reduction in expenses was not enough to offset the sharp decline in operating income, which fell 90.46% month-on-month and 91.05% year-on-year.

Earnings per share (EPS) for the quarter were $-1.19, a sharp decrease of 115.1% year-on-year. The results worried investors as the company not only posted losses but also posted negative returns on the stock market.

JK Lakshmi Cement has returned -0.5% over the past week and 1.1% over the past six months. However, the year-to-date return is disturbing at -11.07%. Currently, JK Lakshmi Cement has a market capitalization of $94.1184 billion rupees, a 52-week high $999.9 and lowest $709.25.

As of November 7, 2024, the company’s analyst consensus is a Hold, with 2 analysts recommending a Strong Sell, 1 recommending a Sell, 3 analysts recommending a Hold, and 4 analysts recommending a Buy Enter, 3 analysts recommend Strong Buy. The mixed sentiment reflects uncertainty about JK Lakshmi Cement’s future performance.

JK Lakshmi Cement Finance Company

periodQ2Q1month-on-month growthQ2year-on-year growth
total revenue1234.291563.88-21.08%1574.53-21.61%
Total Selling/General/Administrative Expenses378.92416.54-9.03%403.3-6.05%
Depreciation/Amortization74.8971.68+4.48%56.65+32.2%
total operating expenses1219.921413.19-13.68%1413.92-13.72%
operating income14.37150.69-90.46%160.61-91.05%
net income before tax-28.64117.95-124.28%140.97-120.32%
net income-13.9970.3-119.9%92.67-115.1%
Diluted normalized earnings per share-1.195.97-119.93%7.88-115.1%
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