JK Cement's Q1 FY24 net profit drops 29%

16 Aug 2023 CW Team

JK Cement, a prominent player in the cement industry, has witnessed a 29.43% decline in its net consolidated profit for the quarter ending June 30, 2023. The company's net profit after tax fell to Rs 1.13 billion in Q1 FY24, down from Rs 1.60 billion in the same period of the previous fiscal, according to a filing with the Bombay Stock Exchange (BSE). Concurrently, the net consolidated total income grew by 22.16%, reaching Rs 27.94 billion in Q1 FY24 compared to Rs 22.87 billion in the analogous quarter last year.

The National Company Law Tribunal (NCLT) sanctioned the merger of Jaykay Cem (Central) with J.K. Cement on 20 July 2023, as stated in the regulatory filing. As of 30 June 2023, the company's net worth stood at Rs 47.55 billion, with a debt-equity ratio of 1.04. The current liability ratio stood at 0.32, total debts to total assets ratio was 0.36, and the operating margin and net profit margin were recorded at 14.22% and 4.02%, respectively.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..