J.K. CEMENT LTD — Interim / Quarterly Report 2021

Feb 6, 2021

Phone '. +91-512-2371478 to 81 Fax (Office) : +91-512-2399854 Telefax (Direct) : +91 -512-2332665 E-mail : shambhu.singh@kcement.com Website :www.jkcement.com

Registered Office : Kamla Tower, Kanpur - 208 001 (U.P.) INDIA

CIN : 117229UP1 994P1C01 71 99

ISO 9001:2000 & ISO 14001 CERTIFIED COMPANY

JKCL/35/SE /2020-Zt (BM- I /2 I ) 6th February,202l

The Bombay Stock Exchange Ltd.	National Stock Exchange of India Ltd.,
Corporate Relationship Department,	Exchange Plaza, Bandra Kurla Complex,
Phiroze Jeejeebhoy Towers,	Bandra (E), Mumbai-400051
Dalal Street, Fort, Mumbai-400001	Scrip Code: JKCEMENT (ISIN.INE
Scrip Code 2532644 (ISIN.INE 823G01014)	823G01014)
Through BSE Listins Centre	gh: NEAPSThrou

Dear Sir(s),

Outcome of the Board Meetinq

Pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Board of Directors of the Company in their Board Meeting (No.l of 2021) held today has interalia (i) Considered, approved and taken on record the unaudited standalone and consolidated financial results for the quafter and nine months ended 31st December, 2020, (ii) considered the resignation of Mrs. Kavita Y Singhania from Directorship of the Company and request to reclassify her shareholding in the Company from Promoter Group to public Category, (iii) considered and approved setting up of an integrated Greenfield Grey Cement plant of 4 Million Tonne per annum by wholly ownecl subsidiary M/s. Jaykaycem (Central) Ltd at Panna, M.P. with split grinding unit in U.P at estimated cost outlay of lis. 2970 Crores and (iv) considered and approved Risk Management Policy and CSR eoiicy of the Company and Charters of (a) Audit Committee, (b) Stakeholders Relationship Committee, (c) -CSn Committee, (d) Risk Management Committee and (e) Nomination and Remuneration Committee

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5 (Listing Regulations), we enclose herewith aforesaid Results along with Limited Review Report. A copy of the above is uploaded in the Company's website www.-ikcement.com and also filed/uploaded on website of BSE and NSE.

The meeting commenced at 12.30 P.M. and concluded at 2: tf p.M.

Kindly take a note of the same and inform the Members accordingly

Yours faithfully,

For J.K. Cement Ltd.,

$I*^P

(Shambhu Sin Asst. Vice President (Legal) & Company Secretary FCS 5836

Encl: As above

UNITS:

• J. K. Gement Works, Nimbahera J. K. Gement Works, Mangrol
• J. K. Cement Works, Gotan
• J. K. Gement Works, Muddapur
• J. K. Gement Works, Aligarh
• J. K. Gement Works, Jharli
  • J. K. White Gement Works, Gotan
  • J. K. White, Katni
  • J. K, Power, Bamania
  • J. K. Cement Works, Balasinor

$R B,qil. ffio|* Co. LLP 2nd Il .1rd floor

Chlrtarad Accountsnts

Goll ViewCorporot€ Tower - B SerlDr - 42, Sector Road Gurugram - l?? O02. Haryand, lndin tl'.l : r91 124 681 6000

Independent Auditorts Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board ofDirectors J.K. Cement Limited

• We have reviewed the accompanying statement of unaudited standalone financial results of J.K. Cement Limited (the "Company") for the quarter ended December 31, 2020 andyear to date from April 01, 2020 to December 31,2020 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclozure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). I
• This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (nd AS 34) "Interim Financial Reporting" presoribed under Section 133 of the Companies Aot, 2013 as amended, read with relevant rules issued thereunder and other accounting prinoiples generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 2.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute ofChartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures, A review is substantially less in scope than an audit conducted in acoordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware ofall significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. J
• Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statemen! prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section t33 ofthe Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principtes generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 4.

5. Emphasis of Matter- CCI Case

We draw attention to Note 4 (D & (iD in the accompanying statement of unaudited standalone financial results, wherein it has been stated that the Competition Commission of India ('CCI') has imposed penalty ofRs. 12,854 lakhs ('first matter) and Rs. 928 lakhs ('second matter) in two separate orders dated August 3l,2016 and January lg,2Ol7 respectively for alleged contravention ofprovisions ofCompetition Act 2002by the company. The company has hled appeals against the above orders.

The National Company Law Appellate Tribunal CNCLAT), on hearing the appeal in the fitst matter, upheld the decision oICCI for ievying the penalty vide its order dated July 25, 2018' Post order ofthe l'CLnt, CCI issued a revised demand notice dated August 7, 2018 of Rs. 15,492 lakhs consisting of penalty of Rs. 12,854 lakhs and interest of Rs.2,638lakhs. The Company has filed appeal with Honlble bupt ." Court against the above order. Hon'ble Supreme Court has stayed the NCLAT order. While the appeal ofthe -ompany is pending for hearing, the Company backed by a legal opinion, believes that it hai a good case and-accordingly no provision has been considered-in the books ofaccounts'

S.R. BATLIBOL& CO. LLP

Chartered Accountants

In the second matter, demand has been stayed and the matter is pending for the hearing before NCALT. While the appeal of the Company is pending for hearing, the Company backed by a legal opinion, believes that it has a good case and accordingly no provision has been considered in the books of accounts.

Our conclusion is not modified in respect of this matter.

For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005

per Atul Seksaria

Partner Membership No.: 086370 UDIN: 21086370AAAAAH3570 Place: Faridabad Date: February 06, 2021

CIN: L17229UP1994PLC017199

Registered & Corporate Office : Kamla Tower, Kanpur -208001 (U.P.)

Ph.: +91 512 2371478 to 81; Fax: +91 512 2399854/ 2332665;website: www.jkcement.com; e-mail: shambhu.singh@jkcement.com

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2021

							{< in Lacs}
		STANDALONE
SI.	Particulars	Three Months Ended			Nine Months Ended		Year Ended
No.		31.12.2020	30.09.2020	31.12.2019	31.12.2020	31.12.2019	31.03.2020
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Revenue:
	Revenue from Operations	176,010.60	155,072.80	140,418.56	427,580.52	398,635.58	546,376.77
	Ill Other Income	3,030.02	2,868.68	2,365.86	7,931.55	5.882.44	8.588.49
	III Total Income (I+II)	179,040.62	157,941.48	142,784.42	435,512.07	404,518.02	554,965.26
	IVExpenses
	a) Cost of materials consumed	29,118.17	25,260.93	22,856.18	66,084.48	64.733.65	86,770.52
	b) Purchase of traded goods	1.705.92	1,857.70	1.587.21	4,541.20	4,300.06	5,954.79
	c) Changes in inventories of finished Goods, work in progress and stock in trade	(4, 186.81)	(2,459.72)	1,021.55	197.29	(3,673.70)	(6,653.49)
	d) Employee benefits expense	10,982.30	9,760.84	9,917.07	30,247.58	29,218.25	39,090.42
	e) Finance costs	5,934.80	5,371.43	5,613.62	17,023.36	16,570.32	22,286.71
	f) Depreciation and amortisation expense	6,215.47	5.965.50	5,557.67	17,979.41	15,672.67	21,438.87
	g) Power and fuel	32,423.34	27,252.69	25,363.19	74,989.91	74,019.32	100,914.44
	h) Freight and forwarding	34,837.28	29,519.97	27,052.63	81,908.94	75,021.73	103,205.88
	i) Other expenses	26,245.76	22,810.81	24,846.33	62,131.49	71,489.00	98,940.91
	Total Expenses (a to i)	143,276.23	125,340.15	123,815.45	355,103.66	347,351.30	471,949.05
	V Profit before exceptional items and tax (III-IV)	35,764.39	32,601.33	18,968.97	80,408.41	57,166.72	83,016.21
	VI Exceptional Items (Refer Note 6)						17,815.00
	VII Profit before tax (V-VI)	35,764.39	32,601.33	18,968.97	80,408.41	57,166.72	65,201.21
	a) Current Tax	10.765.68	8.837.77	2.942.37	21,968.00	14,649.17	17,123.87
	b) Deferred Tax	1,171.29	1,411.16	2,271.59	4,492.23	2,502.66	8,039.75
	VIII Tax Expense	11.936.97	10,248.93	5,213.96	26,460.23	17,151.83	25,163.62
	IX Profit after tax (VII-VIII)	23,827.42	22,352.40	13,755.01	53,948.18	40,014.89	40,037.59
	X Other Comprehensive Income /(Loss)
	Items that will not be reclassified to profit and loss in subsequent period, net of tax	(31.92)	(31.92)	21.93	(95.76)	65.78	(126.85)
	Other Comprehensive Income /(Loss) for the period, net of tax	(31.92)	(31.92)	21.93	(95.76)	65.78	(126.85
	XI Total Comprehensive Income/(Loss) for the period, net of tax (IX+X)	23,795.50	22,320.48	13,776.94	53,852.42	40,080.67	39,910.74
	XII Paid-up Equity Share Capital	7,726.83	7,726.83	7,726.83	7,726.83	7,726.83	7,726.83
	(Face value of ₹ 10/- per share)
	XIII Other Equity (Excluding Revaluation Reserves)	٠.	$\blacksquare$	$\blacksquare$	۰	$\bullet$	305,162.98
	XIV Basic and Diluted Earnings Per Share(of ₹10/-each)
	(Not Annualized except year ended)
	i Before Extraordinary Items (in ₹)	30.84	28.93	17.80	69.82	51.79	51.82
	ii After Extraordinary items (in ₹)	30.84	28.93	17.80	69.82	51.79	51.82

Noteo:

• 1 These standalone financial results have been prepared in accordance with recognilion and measurement principles of lndian Accounting Standards (lnd-AS) as prescribed under section 133 of Companies Act 2013 read with Rule 3 of the Companies (lndian Accounting Standards) Rules 2015, as amended.
• 2 ihe above unaudited standalone financial resulb of the Company for the quarter & nine months ended December 31, 2020 have been reviewed by the Audit Commiftee and approved by lhe Board of Directon at their meeting held on February 6, 2021 .The statutory auditors have conducted limited review of the same, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requiremenb) Regulations 2015.
• 3 The Company is engaged in one business segment only i,e. cement and cement related products.
• 4(i) 'Competition Commission of lndia (CCl)' vide ib order dated August 31, 2016 imposed a penalty of 112,854 lakhs on the Company. The appeal was heard whereupon '' National Company Law Appellate Tribunal (NCLAT) vide order dated July 25, 2018 upheld CCI's order, The Company has filed statutory appeal before the Hon'ble Supreme Court, which vide its order dated October 5, 2018 has admitted lhe appeal and dkected lhat the interim order of stay passed by the tdbunal in this matter will continue for lhe time being. The Company, backed by legal opinion, believes that it has a good case and accordingly no provision has been considered in the books of accounts,
• 4(ii) ln a sepanate matter, CCI imposed penalty of t 928 lakhs vide order dated January 19, 2017 for alleged contravention of provisions of Competition Act, 2002 by the Company. ' ' On Company's appeal, NCLAT has stayed lhe operation of CCI's order, The matter is pending for hearing before NCLAT. The Company, backed by legal opinion, believes it has a good case and accordingly no provision has been considered in lhe books of accounls.
• b The Govemment of lndia on September 20 20'19, vide the Taxation Laws (Amendment) Ordinance 2019, inserted a new section 115BM in the lncome-tax Act, 1961, which provides domestic companies a non-reversible option to pay corponate tax at reduced rates efective, April 1 2019, subject to certain conditions. The Company is continuing to .provide for income tax at old rates, considering available unutilised minimum alternative tax credit and other tax benefits/ttolidays.
• 6 J,K, Cement Works (Fujairah) FZC is incuning losses for the past several yearc since its incorponation and ib net worth has been significanty eroded. Dudng lhe quarter and year ended Marcn gi, 2bZO, based on business valuation of J.K, Cement Works (Fujainah) FZC (subsidiary of J,K. Cement (Fujairah) FZC) by an independent external valuer' ihe Company had recognised provision towards diminution of carrying amount of investment in J.K. Cement (Fujairah) FZC of t 16,151 lakhs, Additionally, the Gompany had also prwided for oufta-nOing receivable from earlier yean from J.K. Cement (Fujainah) FZC amounting to { 1,664 lakhs, The total amount of {. 17,815 lakhs was disclosed as an exceptional item in the audited financial resulls/statements for the quarter and year ended March 31, 2020.
• The Company has considered the possible effecb that may result from C0VID-19 in the prepanation of these standalone financial resulb including the recoverability of lhe carrying value of financial and non-financial asseb, Based on the cunent quarter performance and estimates arived at using intemal and extemal sources of information, the Compa-ny does not expect any material impact on such carrying values. The impact of C0VID-19 on the Company's financial statements may differ from that estimated as at me Oate'ot approval of the standalone linancial results and it will closely monitor any material changes to future economic conditions. 7
• The Code on Social Security, 2020 ('Code ) relating to employee benelits during employment and pst+mployment benefib received Presidential assent in September 2020. The Code has been publishbd in the Gazette of lndia. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued, The Company is in the process of assessing the impact of the Code and will record the same, if any, in the period the Code becomes effective' 8

For and on behalfofthe Board of Directors

g The figures for the conesponding previous period have been regrouped / reclassified wherever necessary, to make them comparable'

iqcutrrc.dby RAGHAVPATSGB^war ..,(NdHlMl SINGHANIA orrzuro.m / lEatt+o$ld Place : Kanpur Dated :6th February' 202,| Raghavpat Singhanla Managlng Dlrector DIN No.02426556 n r I h, JK SUPER CEMENT JK SUPER STRONG "-.duiLDiitt- - CONCRETT S?ECIAI. JK SdPEH STRONG -"diiiiDid;-'" werth.r shleld EUITO SAFE JRCEYIENT-=_ N Wffif,GeNIglxX Whlte 'ffffffiimrxX Whlte csment Bdsed Putty Portlond Cement JK CEMENT $ ffi *fiid"Hm$,ilf ddd#jbou"'z( TileMdx

. For Kind Attention of Shareholders ; As a part of Green lnitiatrve of the Government, all the Shareholders are requested to get their email addresses registered with the Company for receiving Annual Report ,etc on emall

S.fr- Bertffiot *Co. LLP 2-{rd * 3rd Fl0or

Chilt€rrd Accoontantc

Goll View Cotoorate Toser ' B Soctor - 42, s€(tor Road Gbrugram' |2ZWZ, Haryana. lfldia fel :.r91 l2d 681 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board ofDirectors J.K. Cement Limited

• l. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of J.K. Cement Limited (the "Holding Company") and its subsidiaries (the Holding Company and is subsidiaries together referred to as "the Group"), for the quarter ended December 31, 2020 and ycar to date from April 01, 2020 to December 31,2020 (the "statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20I5, as amended (the "Listing Regulations').
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding eompany's Board of Directors, has been prepared in accordance with the recognition and measur-ement principles laid down in Indian Aocounting Standard 34, (nd AS 34) "Interim Financial Reporting" prescriUed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued tnJrzunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagernents (SRE) 2410, ..Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute ofChartered Accountants oflndia. This standard requires that we plan and perform thereview to obtain moderate assurance as to whetherthe Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures, A review is substantially less in soope than'an audii conduoiei in u..oia*.e with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion'

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD ll44l20lg dated March 29, ZOI; issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

S.No.	Company Name	Nature
	J.K. Cement Limited
	Subsidiaries
2.	J.K. Cement (Fujairah) FZC	Wholly owned subsidiary company of J.K. CementLimited
3	FZCJ.K. Cement Works	FZCof J.K Cement
4.	J.K. White Cement (Aftica) Limited	company of JCementWholly ownedWorks (FujPZC
r.	Jaykaycem (Central) Limited	company of J.K. CementownedLimited

1. The Statement includes the results of the following entities:

). Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration ofthe review reports ofottt.r auditors refered to in paragraph 7 below, nothing has come to our attention that causes us io believe that the accompanying Statement, prepared in accordance with recognition and measurem;;;;;pi9t laid down^in the'aforesaid Indian Aocounting Standards ('Ind AS') ,p..ir"i-""a.i Section rgtiiittt Companies A-ct,2013, as amended, read with relevant rules issued thereunder and other ...ounting;tinripi.t g.n.tully accepted in In{ia, has not disclosed the information required to be disclosed il;;; of the Listing Rigulations, including the manner in whioh it is to be disclosed, or that it contains any material misstatement'

S.R.Bnrtwat&Ca LLP

chartered Accountonts

6. Eniphesis of Matter- CCI Case

We draw attention to Note 4 (D A (iD in the accompanying statement of unaudited consolidated financial results, wherein it has been stated that the Competition Commission of India ('CCI') has imposed penalty of Rs. 12,854 lakhs ('first matteC) and Rs. 928 lakhs ('second matter') in two separate orders dated August 31, 20t 6 and January 19, 2017 respectively for alleged contravention of provisions of Competition Act 2002 by the Company. The Company has filed appeals against the above orders.

The National Company Law Appellate Tribunal ('NCLAT'), on hearing the appeal in the first matter, upheld the decision of CCI for tevying the penalty vide its order dated July 25, 2018. Post order of the NCLAT' CCI issued a revised demand notice dated August 7, 2018 ofRs. 15,492 lakhs cotrsisting ofpenalty ofRs. 12,854 takhs and interest of Rs, 2,638 lakhs. The Company has filed appeal with Hon'ble Supreme Court against the above order. Hon'ble Supreme Court has stayed the NCLAT order. While the appeal of the Company is pending for hearing, the Company backed by a legal opinion, believes that it has a good case and accordingly no provision has been considered in the books ofaccounts.

In the second matter, demand has been stayed and the matter is pending for the hearing before NCALT. While the appeal ofthe Company is pending for hearing, the Company backed by a legal opinion, believes that it has a good case and accordingly no provision has been considered in ttre books ofaocounts.

Our conclusion is not modified in respect of this mattel'.

• The accompanying Statement includes unaudited interim financial results and other unaudited financial information iniespect of four subsidiaries, whose unaudited interim financial results and other unaudited financial information reflect total revenues ofRs. 7,976 lakhs and 21,724 lakhs,total net loss after tax ofRs. 2,010 lakhs and Rs. 4,804 lakhs, total comprehensive loss ofRs. 1,493 lakhs and Rs. 3,246 lakhs, for the quarter ended December 31, 2020 andfor the period from April 01,2020 to December 31,2020 respectively, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results and other financial information of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disolosurei in respect ofthese subsidiaties is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. 7
• Certain ofthese subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective counhies and which ilave been audited by other auditors under generatly accepted auditing standards applicable in their iespective countries. The Hoiding Company's management has converted the financial results of such subsidiaries looated outside India fiom accounting principles generally accepted in their respective countries io accounting principles generally accepted in India. We have reviewed these conversion adjustments made bV the Holdi-ng Company-'s nrunug"rn.nt. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report ofother auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us' 8.

Our conclusion on the Statement in respect of matters stated in para 7 and 8 above is not modified with respect to our reliance on the work done and the reports ofthe other auditors.

For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 30 1003E/E300005

per Atul Seksaria Partner Membership No': 086370 UDN: 2 1086370AAAAAI4902 Place: Faridabad Date February 06,2021

CIN: L17229UP1994PLC017199 Registered & Corporate Office : Kamla Tower, Kanpur -208001 (U.P.)

Ph.: +91 512 2371478 to 81; Fax: +91 512 2399854/ 2332665;

website: www.jkcement.com ; e-mail: shambhu.singh@jkcement.com

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2020

							(7 in Lacs)
		CONSOLIDATED
		Three Months Ended			Nine Months Ended		Period Ended
SI.No.	Particulars	31.12.2020	30.09.2020	31.12.2019	31.12.2020	31.12.2019	31.03.2020(Note 7)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
	Revenue:
	Revenue from Operations	183,271.23	163,439.68	147.178.04	447,195.46	425,598.62	580, 163.78
	Il Other Income	3.022.51	2,855.62	2.318.82	7.891.28	5,803.03	8.532.52
	III Total Income (I+II)	186,293.74	166,295.30	149,496.86	455,086.74	431,401.65	588,696.30
	IV Expenses
	a) Cost of materials consumed	30.448.14	26.959.74	24,030.24	69,541.80	69,312.20	92,310.59
	b) Purchase of traded goods	1,149.83	1,061.82	788.61	2,777.05	1,868.51	2,575.91
	c) Changes in inventories of finished Goods, work in progress and stock in trade	(4, 113.22)	(3.549.50)	9.90	106.13	(5, 111.67)	(7.778.25)
	d) Employee benefits expense	12,423.45	10,942.45	11,268.58	33,836.66	34,293.10	45,521.82
	e) Finance costs	6,631.83	6,078.27	6,633.42	19,361.49	21,023.56	27,636.29
	f) Depreciation and amortisation expense	7,755.40	7,517.19	7.020.35	22,638.09	21,541.62	28,796.17
	g) Power and fuel	33,918.95	29,457.71	27,349.45	79,141.99	81,190.95	109,447.48
	h) Freight and forwarding	36,627.33	31,132.35	28,411.76	86,106.76	80,544.52	110,243.04
	i) Other expenses	27,784.07	24,292.97	26,367.93	66,252.33	77.365.71	106,498.56
	Total Expenses (a to i)	152,625.78	133,893.00	131,880.24	379,762.30	382,028.50	515,251.61
	V Profit before exceptional items and tax (III-IV)	33,667.96	32,402.30	17,616.62	75.324.44	49,373.15	73,444.69
	VI Exceptional Items
	VII Profit before tax (V-VI)	33,667.96	32,402.30	17,616.62	75,324.44	49,373.15	73,444.69
	a) Current Tax	10.765.68	8,852.56	2,944.57	21,968.00	14,649.17	17,123.87
	b) Deferred Tax	1,173.74	1,393.96	2,242.15	4,477.48	2,467.16	7,981.51
	VIII Tax Expense	11,939.42	10,246.52	5,186.72	26,445.48	17.116.33	25.105.38
	IX Profit after tax (VII-VIII)	21,728.54	22,155.78	12,429.90	48,878.96	32,256.82	48,339.31
	Attributable to: Equity Holders of the J.K.Cement Ltd.	21,937.98	22,173.59	12,552.75	49,380.73	32,976.15	48,571.25
	: Non Controlling Interest	(209.44)	(17.81)	(122.85)	(501.77)	(719.33)	(231.94)
	X Other Comprehensive Income /(Loss)
	Items that will not be reclassified to profit and loss in subsequent period, net of tax	(342.30)	(720.03)	277.58	(371.91)	619.11	1,714.29
	Other Comprehensive Income /(Loss) for the period, net of tax	(342.30)	(720.03)	277.58	(371.91)	619.11	1,714.29
	XI Total Comprehensive Income/(Loss) for the period, net of tax (IX+X)	21,386.24	21,435.75	12,707.48	48,507.05	32,875.93	50,053.60
	Profits attributable to: Equity Holders of the J.K.Cement Ltd.	21,937.98	22.173.59	12.552.75	49,380.73	32,976.15	48,571.25
	: Non Controlling Interest	(209.44)	(17.81)	(122.85)	(501.77)	(719.33)	(231.94)
	Other comprehensive income attributable to: Equity Holders of the J.K.Cement Ltd.	(372.50)	(778.55)	281.66	(501.63)	729.23	2,785.15
	: Non Controlling Interest	30.20	58.52	(4.08)	129.72	(110.12)	(1.070.86)
	XII Paid-up Equity Share Capital	7,726.83	7,726.83	7,726.83	7,726.83	7.726.83	7,726.83
	(Face value of ₹ 10/- per share)
	XIII Other Equity (Excluding Revaluation Reserves)	$\blacksquare$	$\sim$	$\blacksquare$	$\bullet$	$\blacksquare$	295,041.50
	XIV Basic and Diluted Earnings Per Share(of ₹10/-each)
	(Not Annualized except year ended)
	i Before Extraordinary Items (in ₹)	28.12	28.67	16.09	63.26	41.75	62.56
	ii After Extraordinary items (in ₹)	28.12	28.67	16.09	63.26	41.75	62.56

Notee:

Place: Kanpur

Dated: 6th Fefiuary'2021

• asthe'Group"l,Thesefinancial resultshavebeenpreparedinaccordancewithlndianAccountingStandards(lnd-AS) asprescribedundersectionl33of CompaniesAct?013 read with Rule 3 of the Companies (lndian Accounting Standards) Rules 2015 and relevant amendment thereafter.The said linancial results of the Group have been prepared in accordance with "lnd AS 1 10-Consolidated financial statements".
• 2 The above unaudited consolidated financial results of the Company for the quarter & nine months ended December 31, 2020 have been reviewed by the Audit Committee and approved by the Board of Dhectors at thek meeting held on February 6, 2021 .The statutory auditors have conducted limited review of the same, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulatlons 2015,
• 3 The Group is engaged in one buslness segment only i,e. cement and cement related products.
• 4(i) "CompetitionCommissionoflndia(CCl)"videitsorderdatedAugust3l,2016imposedapenaltyof{l2,SS4lakhsontheGompany.TheappealwasheardwhereuponNational Group Law Appellate Tribunal (NCLAT) vide order dated July 25, 2018 upheld CCI's order. The Company has filed statutory appeal before the Hon'ble Supreme Court, which vide its order dated October 5, 2018 has admitted the appeal and directed that the interim order of stay passed by the tribunal in this matter wlll conlinue for the time being. The Company, backed by legal opinlon, believes thal it has a good case and accordingly no provision has been considered in the books of accounts.
• Company's appeal, NCIAT has stayed the operation of CCI's order. The matter is pending for hearing before NCLAT, The Company, backed by legal opinion, believe it has a good case and accordingly no provision has been considered in the books of accounls.
• 5 The Govemment of lndia on September 20 2019, vide the Taxation Laws (Amendment) Ordinance 2019, inserted a new section 115BM in the lncometax Act, 1961, which provide for income tax at old rates, considering available unutllised minimum altematlve tax credit and other tax benefits/itolidays,
• read with circular no,ClR/CFD/CMD1/44/20'19 dated March 29, 2019'
• 7 Till year endlng March 31, 2019, subsldlaries located outslde lndla were uslng 31 December as lhe year end and consolidated on a yearly basis with a time lag of one quailer. have prepared financial statements for the 15 - month period ended March 31, 2020 .
• value of financial and non-financial assets. Based on the cunent quarter perfomance and estimate anived at using intemal and extemal sources of information, the Group does 'not expect any matedal impact on such carrying values. The impact of COVID-19 on the Groups linancial statemenls may differ from that estlmated as at the date of approval of the consolidated financial reults and lt will closely monitor any material changes to future economic conditions,
• Code has been published in the Gazette of lndia. However, the date on which the Code will come into effect has not been notified and the final rule/interpretation have not yet been issued. The Group ls ln the process of assessing the impact of the Code and will reord the same, if any, in the period the Code beomes effective'
• 10 The figures for the conespondlng previous perlod have been regrouped / reclassilied wherever necessary, to make them comparable.

For and on behalf of the Board of Dlroc'tors RAG HAVPAT #:XP;TIf-?*^ SttttCXAt tt4i [*rno6raril

Raghavpat Singhanla Managlng Dlrector DIN No.02426556

For Kind Attention of shareholders : As a part of Green lnitiative of the Government, all the Shareholders dre requested to get their email addresses registered with the Group for receiving Annual Report 'etc on email'