Q1 Results FY2023: JK Lakshmi Cement, Blue Dart Express declare June quarter results - highlights

Q1 Results FY2023: As the earnings season is ongoing, several listed companies announced their quarterly results on Wednesday. Among them were JK Lakshmi Cement and Blue Dart Express. Here are key highlights of the results.  

JK Lakshmi Cement Q1 Results FY2023: net profit down 15.5% at Rs 115.07 cr

JK Lakshmi Cement Ltd on Wednesday reported a 15.49 per cent decline in its consolidated net profit to Rs 115.07 crore for the first quarter ended June 30.

The company had posted a profit of Rs 136.17 crore in the April-June period a year ago, JK Lakshmi Cement said in a regulatory filing.

Its revenue from operations was up 24.78 per cent at Rs 1,654.14 crore during the quarter under review against Rs 1,325.58 crore in the year-ago period.

According to the company, its operating profit margin declined in the April-June quarter "due to cost-push".

It has recorded a "very satisfactory growth in its net sales" and could achieve a marginal increase in the operating profit "despite considerable pressure from the cost, mainly because of unabated increase in global fuel cost," said earning statement by the company.

JK Lakshmi Cement's total expenses were Rs 1,489.10 crore, up 28.6 per cent in Q1 FY 2022-23 compared to Rs 1,157.88 crore.

Share of JK Lakshmi Cement Ltd on Wednesday settled at Rs 442.95 apiece on BSE, down 1.44 per cent from the previous close.

JK Lakshmi Cement shares today ended at Rs 482 on the NSE and were down by 2 per cent from the Tuesday closing price.

Q1 Results FY2023: Mahindra Lifespace, IMFA, CG Power, SIS declare June quarter results - highlights

Blue Dart Express Q1 Results FY2023: profit rises over three-fold to Rs 119 crore in April-June

Logistics service provider Blue Dart Express on Wednesday reported more than three-fold jump in consolidated profit after tax at Rs 118.79 crore in April-June 2022 quarter over the same period a year ago.

The company had posted a consolidated PAT (Profit After Tax) of Rs 31.3 crore in the quarter ended June 2021, Blue Dart said in a statement.

The revenue from operations during the reporting quarter was Rs 1,293.3, registering a 49.3 per cent growth from Rs 866.2 crore clocked in the first quarter of FY22, Blue Dart said.

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the quarter grew 125 per cent year-on-year at Rs 201 crore in June quarter of the current fiscal, while EBITDA margin stood at 15.5 per cent, it said.

Continuing geopolitical situation during the quarter resulted in volatility in crude prices, but the fuel surcharge mechanism helped in minimising the impact of fuel price fluctuations, it said.

The top line growth during the quarter also has a lower base effect on account of the second wave of the Covid pandemic during previous year, the company said.

Blue Dart said it has initiated plans to expand its network amid growth opportunities and demand for higher capacities.

To cater to increased demand, the company is looking to add two Boeing 737-800 freighter aircraft during this fiscal and is expanding its ground hub and network to handle expected growth in volumes, it said.

"Our fleet expansion will enhance our geographical reach and widen our capacity to service current and potential demand across industries," said Balfour Manuel, managing director, Blue Dart.

Blue Dart shares today ended at Rs 8300 on the NSE and were down by 0.21 per cent from the Tuesday closing price.