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JK Lakshmi Cement Q3 net profit rises 71.7% to Rs 14.75 crore

The company had posted a net profit of Rs 8.59 crore in the October-December quarter a year ago, JK Lakshmi Cement (JKLC) said in a BSE filing.

February 08, 2019 / 07:39 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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JK Lakshmi Cement on Friday reported 71.71 per cent increase in standalone net profit to Rs 14.75 crore for the third quarter ended December 31, helped by volume growth.

The company had posted a net profit of Rs 8.59 crore in the October-December quarter a year ago, JK Lakshmi Cement (JKLC) said in a BSE filing.

Its total income during the quarter under review was up 11.34 per cent at Rs 948.70 crore as against Rs 852.03 crore in the corresponding quarter previous fiscal.

JK Lakshmi Cement reported 9 per cent volume growth during the quarter.

"The company has been facing pressure of increased Pet Coke and diesel prices," said Whole-time Director of JKLC Shailendra Chouksey.

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"There has been softening in Pet Coke prices in recent times which will however get reflected in coming quarters," he added.

JK Lakshmi Cement total expenses stood at Rs 928.93 crore compared to Rs 839.31 crore, up 10.67 per cent.

Shares of JK Lakshmi Cement Ltd on Friday settled at Rs 300.10 on BSE, down 2.42 per cent from previous close.
PTI
first published: Feb 8, 2019 07:30 pm
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