On Friday, JK Lakshmi Cement Ltd. reported over two-fold increase in its consolidated net profit, it stands at Rs 118.43 crore for the third quarter ended on December 31, the company had posted a net profit of Rs 50.84 crore in the October-December period a year ago, they announced in a regulatory filing.
Its revenue from operations during October-December 2020 surged by 16.87% to reach Rs 1,259.84 crore mark, against Rs 1,077.92 crore in the year-ago period.
The sales increase was helped by “an increase of 19% aided by significant volume increase”, it said in a statement.
The firm added that large volume and the company”s concerted efforts to optimise the product mix and improve efficiency parameters enabled the company to boost its profitability. “Lower fuel prices in the quarter also contributed in improving the working.”
Total expenses were at Rs 1,136.94 crore, a rise of 11.92% as against Rs 1,015.84 crore in the year ago period.
Share of JK Lakshmi Cement on Friday settled at Rs 317.90 on the BSE, down 0.33% from the previous close.
The J.K. organisation is an Indian industrial conglomerate which has multi-business, multi-product, and multi-location operations, with interests in many countries. The family is currently divided into three main groups, The Kanpur family runs JK Cement Ltd and JK Technosoft.
