Day: May 26, 2025

Shares of JK Cement rallied over 10 per cent to hit a life high on Monday, after the company posted a 64 per cent jump in its net profit during the fourth quarter of the previous financial year (Q4FY25).  

The cement manufacturer, JK Cement’s stock rose as much as 10.5 per cent during the day to hit a life high of ₹632.8 per share. The stock pared gains to trade 5.5 per cent higher at ₹5,391 apiece, compared to a 0.48 per cent advance in Nifty50 as of 11:10 AM.  

Shares of the company have risen 17 per cent this year, compared to a 5.5 per cent advance in the benchmark Nifty50. Since its March lows of ₹4,218, the counter has recovered by over 28 per cent. JK Cement has a total market capitalisation of ₹41,599.90 crore, according to BSE data. 

JK Cement Q4FY25 results

Net profit of JK Cements rose 63.99 per cent to ₹360.36 crore in the quarter ended March 2025 as against ₹219.75 crore during the corresponding quarter ended March 2024. Revenue from operations increased 15.31 per cent to ₹3,581.18 crore in the March 2025 quarter compared to ₹3,105.77 crore in the same period last year. 

Meanwhile, the company’s operating margins or earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 36.6 per cent to ₹765 crore in the March quarter. The Ebita margin of JK Cements expanded to 21.4 per cent from 18 per cent earlier. 

For the full year, net profit grew 8.89 per cent to ₹861.12 crore in the year ended March 2025, up from ₹790.83 crore in the previous year ended March 2024. Revenue from operations rose 2.80 per cent to ₹11,879.15 crore from ₹11,556.00 crore over the same period.

About JK Cement 

JK Cement is one of India’s leading manufacturers of grey cement and one of the leading white cement manufacturers in the World. The company has an installed grey cement capacity of 24.34 million tonnes per annum (mtpa) & white cement capacity of 3.05 mtpa.

JK Cement has a strong presence in markets such as Rajasthan, Uttar Pradesh, and Madhya Pradesh. Its turnover for FY24 was at ₹86.30 crore.

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JSW Steel shares rebounded sharply from the day’s lows to trade over 2 per cent higher on Monday, following a Supreme Court order to maintain the status quo in the Bhushan Steel case. 

The steel manufacturer’s stock rose as much as 2.71 per cent during the day to ₹1,035 per share, the biggest intraday gain since May 12 this year. The stock trimmed gains to trade 2 per cent higher at ₹1,030 apiece, compared to a 0.48 per cent advance in Nifty50 as of 1:30 PM.  

Shares of the company remained range-bound this month and have recovered nearly 10 per cent from its lows of ₹934, which it hit earlier this month. The counter has risen 14.5 per cent this year, compared to a 5.6 per cent advance in the benchmark Nifty50. JSW Steel has a total market capitalisation of ₹2.5 trillion.

JSW Steel’s resolution plan for Bhushan Power in limbo 

The Supreme Court on Monday directed that the status quo be maintained on Bhushan Power & Steel for now. The court issued the direction following a plea filed by JSW Steel, as it seeks a stay on liquidation proceedings for Bhushan Power. 

Earlier this month, India’s top court set aside a resolution plan submitted by JSW Steel for BSPL, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).  

A bench comprising Justices Bela M Trivedi and Satish Chandra Sharma criticised the conduct of all key stakeholders in the resolution process, the resolution professional, the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT), for enabling what it termed a “flagrant violation” of the IBC, and ordered the liquidation of BSPL under the IBC. The bench said the CoC was found to have approved JSW’s resolution plan without proper application of its commercial wisdom.

JSW Steel had won the bid to acquire Bhushan Power & Steel under the IBC for a little less than ₹20,000 crore. The tribunal had initiated the corporate insolvency resolution process (CIRP) against BPSL on July 26, 2017, admitting the plea of its lead lender, Punjab National Bank (PNB).

‘Adverse’ impact on topline 

The top court’s ruling against the steel manufacturer’s resolution plan for BPSL takeover is likely to have an adverse bearing on the financials, which may witness a 13 per cent drop in revenues, according to ratings firm CreditSights. JSW Steel may also lose its competitiveness along India’s mineral-rich east coast, where BPSL’s steel plant is located, the FitchSolutions company said. 

CreditSights said if JSW Steel fails in its attempts to save the BPSL asset, the company will have to surrender BPSL back to the NCLT, resulting in a deconsolidation of BPSL’s financials. 

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BEML share price zoomed 10.8 per cent in trade on Monday, May 26, 2025, logging an intraday high at ₹4,117.70 per share on BSE. The stock extended  rally for the second consecutive session after the company released its Q4 results. In two days, the scrip gained nearly 12 per cent. 

At 12:27 PM, BEML shares were up 10.57 per cent at ₹4,108.55 per share on the BSE. In comparison, the BSE Sensex was up 0.52 per cent at 82,147.91. The market capitalisation of the company stood at ₹17,109.85 crore. The 52-week high of the stock was at ₹5,489.15 per share and the 52-week low of the stock was at ₹2,346.35 per share. 

BEML Q4 results 2025

The company released its fourth quarter (Q4Fy25) numbers on Friday after market hours. The company’s consolidated net profit increased 12 per cent year-on-year (Y-o-Y) to ₹287.55 crore in Q4FY25, from ₹256.8 crore a year ago. 

The company’s revenue rose 9 per cent Y-o-Y to ₹1,652.5 crore, from ₹1,513.6 crore a year ago. 

Its current order book as of March 31, 2025, stood at ₹1,035 crore and ₹1,564 crore worth of orders were executed during Q4. 

The company’s total inventory for the quarter under review stood at ₹2,379.36 crore as compared to ₹ 2,255.9 crore a year ago. 

In an exchange filing, BEML disclosed that it has advanced ₹73.76 crore to the MAMC consortium—formed with Coal India Ltd (CIL) and Damodar Valley Corporation (DVC)—for acquiring specified assets of Mining & Allied Machinery Corporation Ltd (MAMC), which is under liquidation. BEML holds a 48 per cent stake in the consortium. 

Additionally, a subsidiary, MAMC Industries Ltd, was incorporated for the intended joint venture, to which BEML has advanced ₹605.38 crore.

About BEML

BEML Limited is a multi-technology ‘Schedule A’ company under the Ministry of Defence, which plays a pivotal role in serving India’s core sectors like Defence, Rail, Power, Mining, and Construction. BEML operates in three verticals namely Defence & Aerospace, Mining & Construction, and Rail & Metro and has state-of-the-art manufacturing facilities located at Bangalore, Kolar Gold Fields (KGF), Mysore, Palakkad. BEML has a strong R&D infrastructure. 

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