ADVERTISEMENT
Q4 Results: JK Lakshmi Cement Expects Volumes To Grow By 10-12% In FY20
The company expects margin to improve by 3 to 4 percent through the year, its Wholetime Director Shailendra Chouksey said.
24 May 2019, 02:57 PM IST 
An Indian laborer stamps on a pile of cement bags at a building site in Gurgaon, India (Photographer: Adam Ferguson/Bloomberg News)
JK Lakshmi Cement Ltd. expects a volume growth of 10-12 percent in the current financial year, its Wholetime Director Shailendra Chouksey said.
That will be a drop of nearly a third from the previous fiscal as the company witnessed an unusual dip in volumes in April and May, Chouksey said. The near-two-month-long general election could be a reason, he said, adding that he expects margin to improve by 3 to 4 percent through the year.
Chouksey said the company took steps to reduce cost of logistics and improve segmental performance and trade sales in FY19, which would result in better financial numbers and margin in FY20.
Other Highlights:
- Fuel prices continue to remain volatile.
- Expect fuel prices to maintain the same trend, +/- 4 to 5 percent.
Q4 Earnings Highlights (YoY):
- Revenue jumps 30.7 percent to Rs 1,172.5 crore.
- Net profit rises 28.1 percent to Rs 43.3 crore.
- Ebitda up 29.5 percent to Rs 131.2 crore.
- Margin contracted by 10 basis points to 11.2 percent.
Watch the full interview here: