Top five domestic cement manufacturers could expand their market share to up to 55 per cent by March 2025, through organic and inorganic expansions, leading to further consolidation, said a report from rating agency ICRA. Helped by a healthy demand prospect, large companies operating in the cement
Get latest articles and stories on Business at LatestLY. New Delhi [India], May 24: JK Lakshmi Cement Limited (JKLC) today announced its financial results for the fourth quarter (January-March) of the fiscal year 2023-24, along with full financial year 2023-24, demonstrating robust operational performance and a steadfast commitment to sustainability. Business News | JK Lakshmi Cement Reports Robust Q4 and FY 2023-24 Result, Net Profit Jumps 28 Per Cent to Rs 424.32 Crores in FY24.
NewsVoir New Delhi [India] May 24 JK Lakshmi Cement Limited JKLC today announced its financial results for the fourth quarter January-March of the fiscal year 2023-24 along with full financial year 2023-24 demonstrating robust operational performance and a steadfast commitment to sustainability KEY HIGHLIGHTS The Standalone Net Sales increased by 4 in FY24 The Standalone Sales Volume increased by 1 in FY24 The Company achieved a Capacity Utilization of 89 in Q4FY24 Vs 79 in Q3FY24 Commenting on the company results Vinita Singhania Chairperson Managing Director JK Lakshmi Cement Ltd stated We witnessed robust performance in the fourth quarter The Profitability of the Company improved on the account of higher volume better product sales mix and reduction in fuel cost At JK Lakshmi Cement our commitment to sustainability and innovation continues to drive our strategic initiatives The promising forecast for housing real estate sales along with the government sustained focus on enhanc