JK Cement Ltd on Saturday posted 37.8 % decline in standalone profit after tax to Rs. 493 million for the quarter ended June 30,2018 on the back of lower revenues. In a filing to BSE, the company had reported a standalone profit after tax of Rs. 793 million in the year-ago period. The revenue of JK Cement for the April-June quarter declined to Rs. 11.31 billion, compared to Rs. 12.27 billion in the corresponding quarter of the previous fiscal. The total expenses dropped to Rs. 10.67 billion, from Rs. 11.23 billion in the year-ago period, according to the BSE filing.
JK Cement also announced that its shareholders had approved through a special resolution of a plan to raise up to Rs. 500 crore through issuance of non-convertible debentures on private placement basis.
JK Cement Ltd is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. Their cement operations commenced with commercial production of grey cement at Nimbahera, Rajasthan in May 1975. Subsequently, the Company set up 2 more units in Rajasthan at Mangrol and Gotan. In the year 2009 the Company extended its reach by setting up a green-field unit in Muddapur, Karnataka to access to the markets of south-west India. In the year 2014, the company further expanded its capacity in the north with a brownfield expansion of 1.5 MTPA integrated unit at Mangrol and split grinding unit of 1.5 MTPA at Jhajjar. As of now, JK Cement has an installed grey cement capacity of 10.5 MTPA making it one of the leading manufacturers of grey cement in the country.
JK Cement is the second largest manufacturer of white cement in India, with an annual capacity of 600,000 tonnes in India. It is also the second largest producer of Wall putty in the country with an annual capacity of 700,000 tonnes.
In September 2014, JK Cement commenced commercial at a green-field dual process white cement-cum-grey cement plant in the free trade zone at Fujairah, U.A.E to cater to the GCC and African markets. The plant at Fujairah has a capacity of 0.6 MTPA for White Cement. With this, J.K Cement Ltd has become the second largest White Cement Producer in the World.
JK Cement also announced that its shareholders had approved through a special resolution of a plan to raise up to Rs. 500 crore through issuance of non-convertible debentures on private placement basis.
JK Cement Ltd is an affiliate of the multi-disciplinary industrial conglomerate JK Organisation. Their cement operations commenced with commercial production of grey cement at Nimbahera, Rajasthan in May 1975. Subsequently, the Company set up 2 more units in Rajasthan at Mangrol and Gotan. In the year 2009 the Company extended its reach by setting up a green-field unit in Muddapur, Karnataka to access to the markets of south-west India. In the year 2014, the company further expanded its capacity in the north with a brownfield expansion of 1.5 MTPA integrated unit at Mangrol and split grinding unit of 1.5 MTPA at Jhajjar. As of now, JK Cement has an installed grey cement capacity of 10.5 MTPA making it one of the leading manufacturers of grey cement in the country.
JK Cement is the second largest manufacturer of white cement in India, with an annual capacity of 600,000 tonnes in India. It is also the second largest producer of Wall putty in the country with an annual capacity of 700,000 tonnes.
In September 2014, JK Cement commenced commercial at a green-field dual process white cement-cum-grey cement plant in the free trade zone at Fujairah, U.A.E to cater to the GCC and African markets. The plant at Fujairah has a capacity of 0.6 MTPA for White Cement. With this, J.K Cement Ltd has become the second largest White Cement Producer in the World.
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