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

23 Jan 2024 CW Team

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%.

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