JK Lakshmi Cement Ltd reported an 86.90 percent rise in consolidated net profit at Rs 92.93 crore for the second quarter ended September 30, helped by cost reduction. The company had posted a net profit of Rs 49.72 crore in July-September quarter a year ago, JK Lakshmi Cement said in a regulatory filing.
Shailendra Chouksey, whole-time director of the company presented a Q2 fine print and outlook for the second half of the year, in a conversation with CNBC-TV18.
He expects EBITDA per tonne to increase. “We should do something better than this in the remaining two quarters,” he said.
Regarding his debt position, Chouksey said, “We clear our debts at the rate of about Rs 200-250 crore every year, currently, we have about Rs 1,400 crore, we also have liquidity of about Rs 500 crore so the net debt would be about Rs 800-900 crore.”
To know more about the company’s Q2 performance, watch the video.