JK Lakshmi Cement posts healthy 71.7 pct rise to end at Rs 14.75 cr in December quarter

JK Lakshmi Cement Friday reported 71.71 percent 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 percent at Rs 948.70 crore as against Rs 852.03 crore in the corresponding quarter previous fiscal. JK Lakshmi Cement reported 9 percent 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. "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 percent. Shares of JK Lakshmi Cement Ltd on Friday settled at Rs 300.10 on BSE, down 2.42 percent from previous close.