JK Lakshmi Cement Q1 Profit Drops 15.27%

JK Lakshmi Cement Ltd reported a 15.27% drop in consolidated net profit for Q1, ending June 30, 2024, at Rs 67.60 crore compared to Rs 79.79 crore a year ago. Revenue from operations decreased by 9.61%, totaling Rs 1,563.88 crore. Total expenses also fell by 10%.

JK Lakshmi Cement Ltd experienced a 15.27 per cent decline in its consolidated net profit for the first quarter ending on June 30, 2024, resulting in Rs 67.60 crore. In comparison, the company's profit was Rs 79.79 crore during the same period last year, according to a regulatory filing.

The revenue from operations also witnessed a drop of 9.61 per cent, amounting to Rs 1,563.88 crore for the quarter under review, down from Rs 1,730.25 crore in the corresponding period a year ago.

Despite the financial setbacks, JK Cement managed to reduce its total expenses to Rs 1,461.61 crore in the June quarter, a decrease of 10 per cent year-on-year. Shares of the company closed 1.79 per cent lower at Rs 885.60 on the BSE.

(With inputs from agencies.)