JK Lakshmi Cement Ltd. expects a volume growth of 10-12 percent in the current financial year, its Wholetime Director Shailendra Chouksey said.
That will be a drop of nearly a third from the previous fiscal as the company witnessed an unusual dip in volumes in April and May, Chouksey said. The near-two-month-long general election could be a reason, he said, adding that he expects margin to improve by 3 to 4 percent through the year.
Chouksey said the company took steps to reduce cost of logistics and improve segmental performance and trade sales in FY19, which would result in better financial numbers and margin in FY20.
Other Highlights:
- Fuel prices continue to remain volatile.
- Expect fuel prices to maintain the same trend, +/- 4 to 5 percent.
Q4 Earnings Highlights (YoY):
- Revenue jumps 30.7 percent to Rs 1,172.5 crore.
- Net profit rises 28.1 percent to Rs 43.3 crore.
- Ebitda up 29.5 percent to Rs 131.2 crore.
- Margin contracted by 10 basis points to 11.2 percent.
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