India’s JK Lakshmi Cement reported a net profit of Rs.18 crore for the quarter ended 31 December 2014. This represents a 31% y/y increase compared to Rs.14 crore recorded in the same period a year earlier.
Revenues increased by 10.3% to Rs.618, compared to Rs.560 crore recorded in the October – December 2013 quarter, supported by a 6% y/y rise in sales volumes. However, total expenses rose to Rs.509 crore from Rs.474 crore due to an increase in the royalty of limestone and coal prices.
Shailendra Chouksey, Whole-time Director of JK Lakshmi, attributed the increase in profit to a rise in sales and net sales realisation. The company has a cement production capacity of some 9 million tpy.
Increased sales volumes and cost efficiencies boost profits for the Indian cement company, which reported a 157.7% rise in net profit for the June quarter.
In the quarter ended 31 March, higher sales, increased operational efficiency and stronger prices contributed to achieving net profit of Rs.52.91 crore.