JKLAKSHMI

JK Lakshmi Cement Ltd JKLC.NS:

• JK LAKSHMI CEMENT LTD - GETS TAX OF DEMAND OF 456 MILLION RUPEES

Source text: ID:nBSE4rlxNd

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Feb 7 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• FACES 2.7 MILLION RUPEES TAX DEMAND AND PENALTY

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Feb 6 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• Q3 NET PAT 596.4 MILLION RUPEES

• Q3 REVENUE FROM OPERATIONS 13.73 BILLION RUPEES

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** Cement prices to see revival after bottoming out in Oct, when they fell to 3-4 year lows, brokerages Jefferies and Centrum say

** Moderation in competitive intensity, slower pace of market share consolidation to reduce price discounting, improve profitability in H2FY25 - brokerages

** Pace of M&A and market share consolidation - largely driven by top two players Ultratech Cement ULTC.NS and Ambuja Cements ABUJ.NS - to slow as companies stabilise cash position and capacity - Jefferies

** Brokerages also see demand improvement heading into construction season after lower capex as elections and strong monsoon flooding reduced activity

** Demand to improve in East, North and Central region - Centrum

** "Highest price hike was observed in North and East"- Centrum

** Jefferies and Centrum top picks: ULTC and JK Lakshmi Cement JKLC.NS

** On the day, ULTC and JK Lakshmi down 1.5% and 1.1% each to 10,696 rupees ($123.70)and 777.5 rupees amid broader market weakness

($1 = 86.4675 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of JK Lakshmi Cement JKLC.NS fall as much as 3.6% to 771.30 rupees; on track to end week in the red

** JKLC reports ~91% slide in its Q2 profit, hurt by lower cement prices and decline in sales volume due to monsoon

** Stock rated "hold" on avg; median PT is 906 rupees - LSEG

** JKLC last down 3.5%, extending YTD losses to ~14%

(Reporting by Ashish Chandra in Bengaluru)

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Nov 6 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• Q2 NET PAT 75.4 MILLION RUPEES

• Q2 REVENUE FROM OPERATIONS 11.41 BILLION RUPEES

• Q2 PROFITABILITY IMPACTED DUE TO SHARP DROP IN SALES REALIZATION

Source text: ID:nNSE3Hmw6y

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Oct 8 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• LENDERS OF UDAIPUR CEMENT WORKS WAIVED CORPORATE GUARANTEE PROVIDED BY CO

• CORPORATE GUARANTEE PROVIDED BY CO AGGREGATING TO 16.4 BILLION RUPEES

Source text for Eikon: ID:nNSE27r6Ml

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Sept 3 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• GOT TAX DEMAND ORDER FOR 3 MILLION RUPEES, INTEREST 2.7 MILLION RUPEES

Source text for Eikon: ID:nNSE1GHxWv

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(Reporting by VijayDattaram Malkar)

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July 31 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• JK LAKSHMI CEMENT Q1 NET PAT 1.56 BILLION RUPEES

• JK LAKSHMI CEMENT Q1 REVENUE FROM OPERATIONS 14.45 BILLION RUPEES

Source text for Eikon: ID:nBSE5X1m4h

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** Shares of Udaipur Cement Works UDCW.NS down 2.7% to 43 rupees, its biggest one-day loss in over a month

** Cement maker reported Q1 net loss after tax of 102.8 million rupees ($1.23 million) vs a profit of 42.1 million rupees yr ago

** Rev up 32%; expenses rose 41.6%

** Shares see second-busiest day in nearly 2 weeks, with over 2 mln shares traded

** Stock up 28% YTD, after a 35% climb in 2023

($1 = 83.5850 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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July 12 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• EQUITY SHAREHOLDING OF CO IN DWARKESH ENERGY CAME DOWN FROM 49.26% TO 33.38%

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** Shares of India's JK Lakshmi Cement JKLC.NS up 3.2%, easing off a 7.4% jump earlier in the session

** Cement maker's Q4 profit rose on cost control measures, while rev took a hit from weak pricing

** Trading vols ~7x 30-day avg

** Co rated "buy" on an average with median PT 1,000 rupees - LSEG data

** YTD stock down ~9% after a 10% gain in 2023 - its fourth straight annual gain

(Reporting by Hritam Mukherjee in Bengaluru)

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May 23 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• JK LAKSHMI CEMENT MARCH-QUARTER NET PAT 1.42 BILLION RUPEES VERSUS 973.2 MILLION RUPEES

• JK LAKSHMI CEMENT MARCH-QUARTER REVENUE FROM OPERATIONS 16.48 BILLION RUPEES VERSUS 17.29 BILLION RUPEES

• JK LAKSHMI CEMENT LTD - RECOMMENDED FINAL DIVIDEND OF 4.50 RUPEES PER SHARE

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** Shares of JK Lakshmi Cement JKLC.NS up 4.8% to a record high of 955.05 rupees

** Logs its steepest rise since early Nov.

** Co reported a ~69% rise in profit after tax, rev from ops up 6.6%

** Analysts' avg rating on JK Cement is equivalent of "buy" on the stock, their median PT is 842 rupees - LSEG data

** Analysts' avg rating on peers UltraTech Cement ULTC.NS, ACC ACC.NS is also "buy"; Shree Cement SHCM.NS is "hold"

** JK Lakshmi has risen about 49.5% in past six months, more than the 13.5% to 28% gain in the three peers named above

(Reporting by Manvi Pant in Bengaluru)

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Feb 8 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• BHARAT HARI SINGHANIA STEPS DOWN AS CHAIRMAN

• VINITA SINGHANIA REDESIGNATED AS CHAIRPERSON AND MANAGING DIRECTOR

Source text for Eikon: ID:nBSE8n7mq7

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Feb 5 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSE59XGWx

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Jan 16 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• GOT GST ORDER WITH DEMAND TO PAY GST UNDER RCM OF 65.7 MILLION RUPEES, PENALTY OF 6.6 MILLION RUPEES

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** Shares of UltraTech Cement ULTC.NS fall 2.5% and are the second-biggest loser on Nifty 50 .NSEI

** India's top cement maker reports 6% YOY growth in Q3 sales volume and 2% QoQ growth

** That's noticeably weaker than the 18% growth over Q1 and Q2, says Axis Capital

** Brokerage says demand softened due to assembly elections in some states and flooding in Tamil Nadu

** Shree Cement SHCM.NS, Ambuja Cement ABUJ.NS, JK Lakshmi JKLC.NS, Dalmia Bharat DALB.NS, Ramco Cement TRCE.NS, India Cements ICMN.NS down 1%-2%

** ULTC rose 51% last year, the most among cement stocks

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of JK Lakshmi Cement JKLC.NS rise as much as 6.8% to 719 rupees, highest since July 3

** Stock logs steepest intraday pct gain since June 2

** Co reported on Thursday its Q2 net PAT surged 40.8% Y/Y, rev from ops up 11.5%

** More than 808,496 shares change hands by 09:26 a.m. IST, 3.6x its 30-day avg

** Mean rating of 14 analysts covering the stock is "buy"; median PT is 761 rupees - LSEG data

** Stock currently up 5.5% trimming YTD fall to ~11%

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 2 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• APPROVED CAPACITY ADDITION OF EXISTING SPLIT LOCATION GRINDING UNIT AT SURAT

Source text for Eikon: ID:nBSE86JgKV

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Sept 18 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• CO PROPOSES TO SOURCE 40 MWAC SOLAR POWER FOR ITS DURG UNIT UNDER CAPTIVE POWER PLANT MODEL THROUGH SPECIAL PURPOSE VEHICLE

• APPROVED TO ACQUIRE 20.80% OF EQUITY SHARE CAPITAL OF SPV

• DEAL FOR 216.1 MILLION RUPEES

Source text for Eikon: ID:nBSE2bm2ns

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** Shares of JK Lakshmi Cement JKLC.NS fall as much as 4.7% to 637.25 rupees, lowest since Nov. 24, 2022

** Stock logs steepest intraday pct decline since May 22

** Co on Thursday reported a 29% YoY drop in June-quarter consolidated net profit; expenses rose 9%, offsetting 4.6% revenue growth

** Almost 225,000 shares change hands as of 10:00 a.m. IST, ~1x the 30-day moving average

** Avg rating of 15 analysts close to equivalent of 'buy;' median PT is 814.5 rupees - Refinitiv data

** Stock down 18.1% YTD as of last close

(Reporting by Varun Vyas in Bengaluru)

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July 27 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• APPROVED FUND RAISING WORTH UPTO 25 BILLION RUPEES

• APPROVED ACQUISITION OF 100% EQUITY SHAREHOLDING OF HIDRIVE DEVELOPERS AND INDUSTRIES

• COST OF ACQUISITION AT 163.3 MILLION RUPEES

• APPROVED FUND RAISING VIA TERM LOAN, ISSUE OF DEBT SECURITIES, BONDS OR ANY COMBINATION

Source text for Eikon: ID:nBSE4hbxBt

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July 14 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• UNIT UDAIPUR CEMENT WORKS ALLOTTED SHARES FOR TOTAL CONSIDERATION OF 3.5 BILLION RUPEES TO CO

• CO'S HOLDING IN UCWL HAS INCREASED FROM 72.54% TO 75% OF EQUITY SHARE CAPITAL

Source text for Eikon: ID:nNSE75tJJl

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** Shares of JK Lakshmi Cement Ltd JKLC.NS fall as much as 5.65% to 737.20 rupees after co reported a Q4 profit drop

** Co said on Friday its consolidated net profit dropped ~40% YoY, while rev from ops rose 16.4% YoY

** Co's total expenses were up 25.5%, led by higher power and fuel costs

** Brokerage Motilal Oswal says JKLC's 4QFY23 EBITDA was below their estimates, due to "lower-than estimated realization"

** Has "buy" rating on stock and will review its assumptions after concall scheduled for Monday

** Share price below 50-day and 100-day simple moving averages, but above 200-day SMAs

** More than 123,000 shares change hands vs 30-day avg of 174,810 shares

** Avg rating of 15 analysts equivalent to "buy" median PT is 842 rupees - Refinitiv data

** Including session's losses, stock down ~8.8% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

May 19 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• INDIA'S JK LAKSHMI CEMENT MARCH-QUARTER CONSOL NET PROFIT 1.1 BILLION RUPEES VERSUS 1.84 BILLION RUPEES

• JK LAKSHMI CEMENT LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 18.62 BILLION RUPEES VERSUS 16 BILLION RUPEES

• JK LAKSHMI CEMENT LTD - DIVIDEND 3.75 RUPEES PER SHARE

• JK LAKSHMI CEMENT LTD - APPROVED FUND RAISE UPTO 2 BILLION RUPEES

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May 16 (Reuters) - JK Lakshmi Cement Ltd JKLC.NS:

• BOARD TO ALSO CONSIDER PROPOSAL TO RAISE FUNDS

Source text for Eikon: ID:nBSE3Cyz25

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