JK Cement net profit up
JK Cement reported 30.38 per cent rise in its standalone net profit to Rs 79.34 crore for the June quarter of the current fiscal, mainly on account of higher revenue. Its net profit in the April-June period of last fiscal was Rs 60.85 crore, JK Cement said in a BSE filing. Revenue from operations during the quarter under review stood at Rs 1,208.43 crore as against Rs 1,039.80 crore in the year-ago period, up 16.21 per cent. Its total expenses during the first quarter (Q1) of 2017 -18 rose 15.26 per cent to Rs 1,123.77 crore, compared to Rs 974.94 crore in the April-June period of 2016-17.
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