+
JK Cement reports sevenfold surge in Q3 net profit to Rs 2.83 billion
Cement

JK Cement reports sevenfold surge in Q3 net profit to Rs 2.83 billion

JK Cement reported a substantial sevenfold surge in consolidated net profit, reaching Rs 2.8381 billion for the December quarter. According to a regulatory filing, the company had recorded a profit of Rs 371.5 million in the corresponding period of the previous year.

In the same quarter, the revenue from operations witnessed a notable increase of 20.47%, reaching Rs 29.3483 billion compared to Rs 24.3609 billion in the previous year.

Total expenses for JK Cement climbed by 7.5% in the third quarter of the ongoing fiscal year, totalling Rs 25.6429 billion.

The company's overall income reached Rs 2,973.28 crore, marking a significant growth of 21.12%.

JK Cement reported a substantial sevenfold surge in consolidated net profit, reaching Rs 2.8381 billion for the December quarter. According to a regulatory filing, the company had recorded a profit of Rs 371.5 million in the corresponding period of the previous year. In the same quarter, the revenue from operations witnessed a notable increase of 20.47%, reaching Rs 29.3483 billion compared to Rs 24.3609 billion in the previous year. Total expenses for JK Cement climbed by 7.5% in the third quarter of the ongoing fiscal year, totalling Rs 25.6429 billion. The company's overall income reached Rs 2,973.28 crore, marking a significant growth of 21.12%.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code