JK Lakshmi Cement on Wednesday reported a growth of 10 per cent in its sales volume during the July-September quarter of 2017-18.
According to the company, strong volume growth enabled it to achieve net sales of Rs 776.65 crore during the quarter -- up 18 per cent -- as against Rs 655.57 crore reported during the corresponding quarter of the last fiscal.
"However, EBIDTA (earnings before interest, depreciation, taxes and amortisation) stood marginally higher at Rs 112.35 crore in July-Sept 17 as against Rs 111.61 crore in July-Sept 16 on account of steep increase in petcoke and diesel prices," the company said in a statement.
The company said its net profit after providing for tax and other comprehensive income stood at Rs 13.02 crore during the quarter under review.
During the six months of April-September 2017, sales grew by nine per cent over the corresponding period last year, it added.
"To reduce the power cost of its Eastern operation, the company is setting up a 20MW thermal power plant in Durg which will come into stream in fourth quarter of 2018-19, besides the already commissioned waste heat recovery plant which would reduce the power cost in the October-December 2017 quarter," said Shailendra Chouksey, Whole-time Director of JK Lakshmi Cement.
--IANS
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