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JK Cement Profit Drops Amid Revenue Surge
17 Jan
Summary
- Consolidated profit fell 8.56% to ₹173.61 crore in the December quarter.
- Revenue from operations increased by 18.18% to ₹3,463.07 crore.
- Volume sales for grey cement grew 23% year-on-year to 5.36 million tonnes.
JK Cement Ltd experienced a decrease in consolidated profit during the December quarter, with earnings falling by 8.56% to ₹173.61 crore compared to the previous year's ₹189.87 crore. This financial outcome occurred despite a notable increase in operational revenue.
The company's revenue from operations showed strong growth, surging by 18.18% to ₹3,463.07 crore in the quarter ending December. This upward trend in sales was supported by a substantial 23% year-on-year increase in volume sales for grey cement, reaching 5.36 million tonnes. Total expenses for the period rose by 18.42% to ₹3,192.91 crore.
Overall income, including other sources, climbed by 17.95% to ₹3,509 crore. The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) per tonne stood at ₹928, a slight decrease from ₹1,022 in the prior quarter. JK Cement maintains a significant production capacity with 28.26 MTPA for grey cement and 3.05 MTPA for white cement and wall putty.
