JK Lakshmi Cement Q2 Profit Down 29 PC At Rs 62 Crore
JK Lakshmi Cement reported a 29.21 percent decline in consolidated net profit at Rs 61.79 crore for the September quarter of 2022-23 on account of rise in fuel cost. The company had posted a profit of Rs 87.29 crore for the year-ago period JK Lakshmi Cement (JKLC). Revenue from operations was up at Rs 1,373 crore during the quarter as against Rs 1,208 crore in the year-ago period. “During the quarter, JKLC’s profitability remained under pressure largely due to unabated rising fuel cost. The company has been able to mitigate part of it by improving operational efficiencies, increasing the volume, optimising product mix and enhancing the premium product sales, it said. The total expenses were Rs 1,299.83 crores as against Rs 1,105.46 crores.