JK Lakshmi Cement reports net profit
JK Lakshmi Cement has reported a net profit of Rs 49.72 crore in the second quarter of the financial year 2019-20. It had recorded a loss of Rs 5.70 crore in the corresponding quarter previous year.
Its net income was Rs 1,018.11 crore in Q2 FY20, a growth of 5 per cent from Rs 973.95 crore it registered in the similar quarter last year.
“Company’s efforts to reduce the logistic cost, optimising the product mix and improved efficiency parameters enabled the company to boost its profitability. The softening of fuel prices has also contributed in improving the working,” it said in a media release.
The company’s grinding unit of eight lakh tonnes at Cuttack has been commissioned. With this company’s cement capacity stands at 117 lakh tonnes.