Leadership communication, interaction are key at JK Lakshmi Cement
At JK Lakshmi Cement, people are our driving force, says the company mentions in its annual report.
JK Lakshmi Cement Ltd, a subsidiary of the JK group and one of the largest cement producers in India, was established in 1982. Today, the company boasts four manufacturing units in Rajasthan, Gujarat, Haryana and Chhattisgarh. According to the official website of the company, it has a wide network of 70-80 cement dumps and 3,000 dealers across the states.
In FY17, total sales volume of the firm rose by 8.3% to 7.94 million tonnes (mt) from 7.32mt in FY16. At the operating level, Ebitda (earnings before interest, tax, depreciation and amortization) increased by 35.5% to Rs435 crore and the company reported a profit of Rs82 crore after posting a loss of Rs6.56 crore in FY16.
In the first six months of FY18, net sales increased by 10.89% year-on-year to Rs1,779.83 crore while profit after tax dipped by 22.4% year-on-year to Rs41.53 crore on the back of increased expenses.
According to the annual report of the firm, the number of permanent employees on its rolls is 1,680 and the number of employees hired on contractual basis is 2,725.
“At JK Lakshmi Cement, people are our driving force, and, leadership communication and interaction is one of the most powerful tools of motivating, inspiring, engaging, leading and retaining employees, especially the high caliber talent,” the company mentions in its annual report.
JK Lakshmi Cement is setting up a 20 megawatts thermal power plant in Durg, which will come on stream in the fourth quarter of FY19, according to a press release, to reduce the power cost of its operations in eastern India.
Editor's Picks »
- India’s rising steel demand is making companies starry-eyed
- ACC’s operating margins feel the stress as cost pressures grow
- Federal Bank rides out Kerala floods but growth metrics need to sustain
- RIL’s consumer businesses deliver on growth; investments stay high
- Hero MotoCorp Q2: Costs apply brakes on profit growth