JK Lakshmi Cement Q1 Profit Down 15.27%, Sales Drop 9.61% | News

New Delhi, Jul 31 (PTI) JK Lakshmi Cement Ltd on Wednesday reported a fall of 15.27 per cent in consolidated net profit at Rs 67.60 crore for the first quarter ended June 30, 2024.

The company had posted a profit of Rs 79.79 crore in the April-June period a year ago, JK Cement said in a regulatory filing.

Its revenue from operations was down 9.61 per cent at Rs 1,563.88 crore during the quarter under review. It was at Rs 1,730.25 crore in the corresponding period a year ago.

JK Cement's total expenses were at Rs 1,461.61 crore in the June quarter, lower by 10 per cent over the year-ago period.

The total income of JK Lakshmi Cement was Rs 1,576.96 crore in the first quarter of this fiscal, down 9.44 per cent from the corresponding period a year ago.

Shares of JK Lakshmi Cement Ltd on Wednesday settled at Rs 885.60 on BSE, down 1.79 per cent.