JK Lakshmi Cement Q2 trebles at Rs 31 crore

JK Lakshmi Cement today reported a nearly three-fold jump in its profit-after-tax at Rs 30.61 crore for the second quarter on improved sales and better realisation.
The company had clocked a Rs 10.30 crore PAT during the July-September quarter of the last fiscal, the company said in a release.
Increased volume enabled the company to achieve Rs 638.35 crore sales during the July-September quarter of the current fiscal from Rs 501 crore a year ago, buoyed by a 13 per cent rise in sales volume.
"These improved volumes and better realisation aided the company's operating profit to rise to Rs 90.34 crore in the July-September quarter against Rs 64.84 in the corresponding quarter of the previous year," the company said.

Production of the company also grew by 11 per cent during the quarter to 13.53 lakh tonnes from 2.14 lakh tonnes a year ago.
JK Lakshmi Cement said as a matter of abundant caution provided Rs 5 crore as an exceptional item towards the demand notice of the sales tax department.
However, the company said it believes it has a strong case and the matter would be decided in its favour.
Shares of the company today ended at Rs 359.80 apiece, up 0.94 per cent from its previous close on the BSE.