JK Lakshmi Cement profit rises

JK Lakshmi Cement profit rises
12/08/2016 , by , in ALLIED

JK Lakshmi Cement on Thursday has announced a standalone net profit of Rs 28.64 crore for the quarter ended June 30, as against a net loss Rs 23.48 crore in the year-ago period.

The company’s total income on standalone basis also rose to Rs 777.23 crore in the April-June quarter from Rs 590.75 crore during the same quarter in 2015-16. Its total expenses jumped to Rs 700.91 crore during the quarter under review compared to Rs 579.45 crore a year ago.

“This healthy jump in our company’s profitability is primarily due to improved efficiencies, higher volume and realisation and better cost control,” said Vinita Singhania, Vice Chairperson and Managing Director, JK Lakshmi Cement.

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