JK Lakshmi Cement’s operating profits up 49%

JK Lakshmi Cement’s results for the quarter July – September 2011 have revealed a 49% rise in operating profits before other income to Rs 41.17 crore, compared to the corresponding quarter of the previous year. Profit before tax was 94% higher than the corresponding quarter of the previous year, at Rs 7.84 crore.

The company’s gross turnover for the six month period April – September stood at Rs 838.7 crore, up 26% compared to the first six months of the previous financial year. Similarly, its operating profit for this period stood at 114.98 crore, up 37% on the corresponding period of the previous year.

However, the company’s turnover and profitability were lower than the previous quarter due to a steep fall in the prices in the second quarter and continuous production price increases due to a rise in petroleum prices.

JK Lakshmi Cement recorded a healthy growth in volume at 19% over the corresponding quarter of the previous financial year, as well as a capacity utilisation of 91% during the period.

In a statement released on its website, the company also announced that its expansion work at its grinding unit in Haryana, India, is progressing well and is scheduled for completion by March 2012. Work at its Greenfield project at Durg is also progressing satisfactorily.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/01112011/jk_lakshmi_cement%E2%80%99s_operating_profits_up_49_percent/