JK Lakshmi Cement reports 1.18% fall in Q1 net profit
JK Lakshmi Cement on Thursday reported a decline of 1.18 per cent in standalone net profit to Rs. 28.30 crore for the April-June quarter of this fiscal. The profit of the company was partially impacted by higher input costs. The company had posted a net profit of Rs 28.64 crore in the same quarter a year ago, JK Lakshmi Cement said in a BSE filing.
The company reported an increase of 14.86 per cent in its total income during the quarter under review to Rs. 1,013.37 crore as against Rs 882.23 crore in the corresponding quarter ago.
“Increase in Petcoke and diesel prices resulted in only a marginal increase in EBIDTA to Rs 130.52 crore in April-June 17 from Rs 127.92 crore in April-June 16. After providing for higher interest and depreciation, PBT was down at Rs 37.44 crore in April-June 17 as against Rs 40.41 crore in April-June 16.” JK Lakshmi Cement said.
JK Lakshmi Cement’s total expenses rose to Rs 975.93 crore in the first quarter of 2016-17 from Rs 841.82 crore in the year-ago quarter. The company registered a healthy growth of 8 per cent in its production and sales during the quarter.