JK Lakshmi Cement second quarter results released immediately: JK Lakshmi Cement announced its second quarter results on November 6, 2024, showing a sharp decline in financial performance. The company reports a loss $13.99 Crore, in stark contrast to profit $9,267 crore in the same period last year. In addition, this quarter’s revenue fell by 21.61% from the previous quarter, and revenue also fell by 21.08%.
In terms of expenses, the company’s selling, general and administrative costs decreased, down 9.03% from the previous quarter and 6.05% from the same period last year. However, the reduction in expenses was not enough to offset the sharp decline in operating income, which fell 90.46% from the previous quarter and 91.05% from the same period last year.
Earnings per share (EPS) for the quarter were $-1.19, a significant year-on-year decrease of 115.1%. The results worried investors as the company not only posted losses but also posted negative returns on the stock market.
JK Lakshmi Cement has returned -0.5% over the past week and 1.1% over the past six months. However, the year-to-date return is disturbing at -11.07%. Currently, JK Lakshmi Cement has a market capitalization of $94.1184 billion rupees, a 52-week high $999.9 and lowest $709.25.
As of November 7, 2024, the company’s analyst consensus is a Hold, with 2 analysts recommending a Strong Sell, 1 recommending a Sell, 3 analysts recommending a Hold, and 4 recommending a Buy Buy, with 3 analysts calling for Strong Buy. The mixed emotions reflect the uncertainty surrounding JK Lakshmi Cement’s future performance.
JK Lakshmi Cement Finance Company
| period | Q2 | Q1 | Quarterly growth | Q2 | annual growth |
|---|---|---|---|---|---|
| total revenue | 1234.29 | 1563.88 | -21.08% | 1574.53 | -21.61% |
| Total Selling/General/Administrative Expenses | 378.92 | 416.54 | -9.03% | 403.3 | -6.05% |
| Depreciation/amortization | 74.89 | 71.68 | +4.48% | 56.65 | +32.2% |
| total operating expenses | 1219.92 | 1413.19 | -13.68% | 1413.92 | -13.72% |
| operating income | 14.37 | 150.69 | -90.46% | 160.61 | -91.05% |
| net income before tax | -28.64 | 117.95 | -124.28% | 140.97 | -120.32% |
| net income | -13.99 | 70.3 | -119.9% | 92.67 | -115.1% |
| Diluted normalized earnings per share | -1.19 | 5.97 | -119.93% | 7.88 | -115.1% |
