During Monday’s trading session, the shares of one of the leading cement producers in India surged nearly 3.3 percent to hit a new 52-week high at Rs. 4,911.5 on BSE, after reporting financial results for Q3 FY25 as well as expansion in Jammu and Kashmir region.
With a market cap of Rs. 37,304.7 crores, at 11:46 a.m., the shares of J K Cements Limited were trading in the green at Rs. 4,829, up by around 1.6 percent, as compared to its previous closing price of Rs. 4,754.5.
What’s the news
The fluctuations in the share prices were observed after J K Cements Limited announced the financial results for Q3 FY25, through the recent filings with the stock exchanges.
For Q3 FY25, the company reported revenue from operations of Rs. 2,930.3 crores, registering a growth of around 14.5 percent QoQ from Rs. 2,560 crores in Q2 FY25, but a marginal decline of about 0.2 percent YoY from Rs. 2,934.8 crores in Q3 FY24.
J K Cements’ net profit for Q3 FY25 grew to Rs. 189.8 crores, representing a rise of around 39.4 percent QoQ from Rs. 136.2 crores in Q2 FY25, while a year-on-year decrease of nearly 33 percent from Rs. 283.8 crores in Q3 FY24.
Further, EBITDA for Q3 FY25 increased to Rs. 492 crores, representing a robust 73 percent growth compared to Rs. 284 crores in Q2 FY25. The EBITDA margin improved to 17.4 percent in Q3 FY25, up from 11.4 percent in the previous quarter.
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Additional Information
The company’s Board has approved the execution of a Shareholders Agreement (SHA) and Securities Subscription and Purchase Agreement (SSPA) for the acquisition of a 60 percent stake from the existing shareholders of Saifco Cements Private Limited.
Saifco Cements is engaged in the manufacturing and sale of cement and clinker. This acquisition will enable the company to expand its presence in the Jammu and Kashmir region and other areas.
The acquisition consideration for the 60 percent stake is valued at an enterprise value of Rs. 174 crores.
Stock Performance
The stock has delivered positive returns of nearly 12 percent of returns in one year, as well as around 9.5 percent returns in the last six months. Meanwhile, the shares of J K Cements have gained by around 5 percent in the last one month.
About the company
J.K. Cement Limited is engaged in the business of manufacturing and selling of Cement and allied products.
As of Q3 FY25, the company’s total installed capacities include: 24.34 MTPA for Grey Cement, 3.05 MTPA for White Cement and Wall Putty, 77.5 MW for Coal-Based Captive Power, 184.14 MW for Green Power, and 101.84 MW for Captive Solar and Wind Power.
Written by Shivani Singh
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