JK Cement is one of the leading cement manufacturers in India. The company was established in the year 1975 and since then, it has been offering high-quality cement products to its customers. JK Cement is headquartered in Gurugram, Harayan and operates across the country through its multiple manufacturing plants.
JK Cement’s operations commenced with commercial production at its flagship grey cement unit at Nimbahera, Rajasthan in May 1975. The Company has an installed Grey Cement capacity of 20 MnTPA as on date, making it one of the top cement manufacturers in the Country. One of the leading manufacturers of White Cement, globally, with a total white cement capacity of 1.20 MnTPA and wall putty capacity of 1.2MnTPA.
JK Cement has a strong focus on sustainability and has taken various initiatives to reduce its carbon footprint. The company has implemented energy-efficient measures in its manufacturing plants and has also started using alternative fuel sources to power its operations. JK Cement has also been awarded the “GreenCo Silver Rating” by the Confederation of Indian Industry (CII) for its efforts in sustainable practices.
The company offers a range of cement products including grey cement, white cement, and wall putty. JK Cement's grey cement is popular among builders and contractors for its quality and reliability. The company's white cement is well known for its unique properties, including its high strength and pure white color. JK Cement's wall putty is a popular choice for interior and exterior wall finishing and is known for its smooth and fine texture.
JK Cement has also expanded its product portfolio to include a range of ready-mix concrete products. These products are designed to meet the needs of the construction industry and are available in different grades to suit different construction requirements.
In recent years, JK Cement has made significant investments in research and development to improve the quality of its products and enhance its production processes.
JK Cement announced a 42.3% decrease in its net profit to INR 96.6 crore for the quarter ending December 2022. This marks a significant drop from the previous year's net profit of INR 167.3 crore, as reported in a regulatory filing. Despite the dip in profits, the company's revenue from operations saw a 17% increase to INR 2,288 crore, compared to INR 1,940.4 crore in the same quarter of the previous year.
However, the Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for the quarter decreased by 29.1% to INR 262.9 crore, compared to INR 370.8 crore in the previous year. This resulted in a decline in the EBITDA margin, which stood at 11.5% compared to 19.1% in the previous year.
JK Cement has approved the issue of redeemable secured, listed, non-convertible, taxable debentures (NCD/Debentures) worth up to INR 100 crore through private placement. The funds raised will be used for long-term growth and general corporate purposes, such as capital expenditure, repayment of long-term borrowings, and other business-related activities. The company plans to invest the proceeds in high-quality, interest-bearing instruments, including deposits with banks and investments in mutual funds, bonds, government securities, and other debt instruments until they are utilized.
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