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