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JK Cement on Saturday reported that its standalone net profit declined by 26.07 per cent to rs 124.8 crore. This is against ₹168.8 crore in the year-ago period, the company said in a regulatory filing.
The revenue from operations declined by 16.7 per cent to ₹2,141.8 crore in the quarter under review from ₹329 crore in the previous quarter, JK Cement said in its regulatory filing.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) was down by 9.8 per cent at ₹296.7 crore from ₹329 crore in the year ago period. The margins was at 2.3% as compared to 5.5% in the year ago period.
JK Cement said that the company has also approved expansion of 5.5 MnTPA over next two years, and the investment required will be ₹1161 crore.
“Considered and approved expansion of 5.5 MnTPA over next two years out of which 3.50 MnTPA capacity is proposed in JK Cement Ltd (JKC) & a green field split grinding unit of 2MnTPA capacity to be set up in JKC’s wholly owned subsidiary M/s. Jaykaycem (Central) Ltd (Jaykaycem),” said the company in its regulatory filing.
The company’s scrip was up by 1.93 per cent to ₹2,823.60 a piece on BSE, on Friday.
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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
