JK Lakshmi Cement Ltd (BOM:500380)
₹ 765.05 -10.65 (-1.37%) Market Cap: 90.18 Bil Enterprise Value: 108.59 Bil PE Ratio: 25.26 PB Ratio: 2.77 GF Score: 91/100
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Q4 2024 JK Lakshmi Cement Ltd Earnings Call Transcript

May 27, 2024 / 10:30 AM GMT
Release Date Price: ₹800.95 (-0.33%)

Key Points

Positve
  • JK Lakshmi Cement Ltd (BOM:500380) has made significant progress in bridging the EBITDA per ton gap with competitors.
  • The company has achieved a renewable energy usage of 47% at the Group level, with JKLC at 39% and Udaipur Cement Works Limited at 46%.
  • The TSR (Thermal Substitution Rate) improved to 11.27% in Q4 from 4% last year, indicating better manufacturing cost management.
  • Premium product sales have increased, with over 25% of sales in the west and north markets being premium products.
  • The company has successfully reduced supply chain lead distances by more than 25 kilometers, improving efficiency.
Negative
  • Volume growth was flat in Q4 due to reduced sales from outsourced units and a focus on efficiency improvements.
  • Prices dropped by about 5% in Q4 compared to the preceding quarter, and by 1.5% for the whole year compared to FY23.
  • The company faces challenges in the Gujarat market due to increased competition from Ambuja and ACC brands.
  • The cost of renewable energy projects and other expansions may strain financial resources, with significant CapEx planned for the coming years.
  • The geopolitical situation and supply chain issues may prevent further reductions in fuel costs, which are currently around INR1.68 per kilo cal.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JKLC.NS - JK Lakshmi Cement Ltd
Q4 2024 JK Lakshmi Cement Ltd Earnings Call
May 27, 2024 / 10:30AM GMT

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Conference Call Participants
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* Vaibhav Agarwal
PhillipCapital (India) Pvt. Ltd. - Analyst
* Rajesh Kumar Ravi
HDFC Securities Ltd. - Analyst
* Mangesh Bhadang
Centrum Broking Private Limited - Analyst
* Prateek Kumar
Jefferies - Analyst
* Uttam Kumar Srimal
Axis Securities Limited - Analyst
* Shravan Shah
Dolat Capital Market Pvt. Ltd. - Analyst

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Presentation
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Operator [1]
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Ladies and gentlemen, good day, and welcome to JK Lakshmi Cement Limited's quarter and year ended March 31, 2024, conference call hosted by PhillipCapital India Private Limited. (Operator Instructions) Please note that this
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