New Delhi, July 18 (IANS) JK Cement Ltd on Saturday reported a 14.5 per cent year-on-year decline in consolidated net profit to Rs 278 crore for the first quarter of FY27 despite revenue from operations posting strong double-digit growth.
The company’s profit stood at Rs 278 crore for the quarter ended June 30, compared with Rs 324 crore in the corresponding quarter of the previous financial year, according to an exchange filing.
Meanwhile, operating performance weakened during the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 5.8 per cent to Rs 648 crore from Rs 688 crore in the year-ago period.
The EBITDA margin narrowed sharply to 16.1 per cent from 20.5 per cent, as higher pet coke prices, elevated diesel costs amid geopolitical developments and increased maintenance expenditure weighed on profitability despite higher sales.
Revenue from operations rose 20.3 per cent to Rs 4,032 crore during the April-June quarter from Rs 3,353 crore a year earlier.
As of June 30, the company’s net debt stood at Rs 3,864 crore, compared with Rs 3,370 crore at the end of March, while the net debt-to-equity ratio was 0.53 times.
Shares of JK Cement ended 0.65 per cent lower at Rs 5,388.90 apiece on the BSE on Friday, underperforming the benchmark Sensex, which gained 1.09 per cent.
The stock has declined nearly 16 per cent over the past one year, compared with a nearly 5 per cent gain in the Sensex during the same period. Over the last six months, it has fallen around 8.5 per cent, against a 6.5 per cent decline in the benchmark.
The stock has touched a 52-week high of Rs 7,565 and a 52-week low of Rs 4,670.05 on the BSE.
–IANS
ag/