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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..