JK Cement Q2 net profit jumps almost 3-fold to Rs 221.55 crore
Total expenses rose 11.53 percent to Rs 1,338.93 crore from Rs 1,200.41 crore in the year-ago quarter.
November 09, 2020 / 09:10 PM IST
JK Cement Ltd on November 9 reported almost three-fold jump in consolidated net profit at Rs 221.55 crore for the second quarter ended September 2020.
The company had posted a net profit of Rs 79.50 crore in July-September period a year ago, JK Cement said in a regulatory filing. Its revenue from operations rose 24.04 percent to Rs 1,634.39 crore during the quarter under review from Rs 1,317.63 crore in the year-ago period.
Total expenses rose 11.53 percent to Rs 1,338.93 crore from Rs 1,200.41 crore in the year-ago quarter. "With gradual resumption of overall economic activities, operations of the Group have started moving towards normalcy," JK Cement said, adding that the situation is still evolving.
Shares of JK Cement on Monday settled 1.62 percent higher at Rs 1,906.20 on the BSE.