JK Cement Net Profit Soars 7x to Rs 283.81 Cr in Q3
Jan 20, 2024 18:03
JK Cement's net profit surged sevenfold to Rs 283.81 crore in the December quarter, driven by strong revenue growth. The company's revenue from operations increased by 20.47% year-on-year.
Photograph: Amit Dave/Reuters
New Delhi, Feb 20 (PTI) JK Cement Ltd on Saturday posted a sevenfold increase in consolidated net profit to Rs 283.81 crore for the December quarter.
The company had posted a profit of Rs 37.15 crore in the year-ago period, JK Cement said in a regulatory filing.
Its revenue from operations rose 20.47 per cent to Rs 2,934.83 crore during the quarter under review from Rs 2,436.09 crore a year ago, it said.
JK Cement's total expenses rose 7.5 per cent in the third quarter of the ongoing fiscal to Rs 2,564.29 crore.
The company's total income was at Rs 2,973.28 crore, up 21.12 per cent.
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