J.K. Cement Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 27, 2023 at 11:58 am
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J.K. Cement Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 27,778.8 million compared to INR 23,511.61 million a year ago. Revenue was INR 28,158.49 million compared to INR 23,929.84 million a year ago. Net income was INR 1,122.68 million compared to INR 2,011.28 million a year ago. Basic earnings per share from continuing operations was INR 14.53.
For the full year, sales was INR 97,201.99 million compared to INR 79,908.19 million a year ago. Revenue was INR 98,076.04 million compared to INR 81,336.91 million a year ago. Net income was INR 4,263.27 million compared to INR 6,871.19 million a year ago. Basic earnings per share from continuing operations was INR 55.17.
J.K. Cement Ltd. is an India-based company cement and building products manufacturer company. The Company's product portfolio includes grey cement, white cement, wall putty, gypsum plaster, tile adhesives & grouts, and wood finishes. Grey cement offers JK Super Protect Weather Shield Cement; JK Super Strong Concrete Special; JK Super Cement Portland Pozzolana Cement (PPC); JK Super Ordinary Portland Cement (OPC) 43, JK Super OPC 53, and JK Super Portland Slag Cement (PSC). The White cement portfolio includes JKC WhiteMaxX and JKC RepairMaxX. The Wall Putty portfolio provides JKC WallMaxX, JKC WallMaxX Advanced, JKC ShieldMaxX, JKC LevelMaxX, and JKC LevelMaxX Plus. The Gypsum Plaster portfolio provides JKC GypsoMaxX, JKC PlastoMaxX, and JKC BondMaxX. It operates seven grey cement manufacturing plants and two white cement and wall Putty manufacturing plants. The Company's subsidiaries include J.K. Cement (Fujairah) FZC, JK Maxx Paints Limited, and Toshali Cements Pvt Ltd., among others.