Udaipur Cement Works Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
Awaiting price reaction for this filing.
Udaipur Cement Works, a subsidiary of JK Lakshmi Cement, reported FY25 revenue from operations of ₹1,472.48 Cr, up about 26.5% from ₹1,163.59 Cr in FY24. EBITDA improved to ₹241.54 Cr from ₹196.89 Cr, but net profit collapsed roughly 84% to just ₹9.03 Cr from ₹57.54 Cr, dragged down by sharply higher power & fuel costs (₹234.58 Cr vs ₹126.57 Cr), finance costs (₹120.81 Cr vs ₹73.27 Cr), and depreciation (₹102.15 Cr vs ₹53.07 Cr). The statutory auditor, S S Kothari Mehta & Co. LLP (replacing earlier auditor Bansilal Shah & Co.), issued an unmodified opinion but included an Emphasis of Matter on the Ind AS 8 restatement of the equity component of a compound financial instrument, which trimmed prior period profits. The company also flagged its pending composite scheme of amalgamation with holding company JK Lakshmi Cement (appointed date April 1, 2024), awaiting regulatory approvals.
Strong top-line growth failed to translate into shareholder earnings, with PAT falling to near-single-digits — a clearly negative signal. However, the pending merger with JK Lakshmi Cement remains the key catalyst to watch for stock price action.