J K Cement has slipped into the red with a Rs 21-crore loss in the quarter ended September 30, due to a stiff rise in costs of raw material, freight, and fuel.
The company had reported Rs 65.38-crore net profit in the corresponding quarter last fiscal, it said in a statement to the Bombay Stock Exchange.
Total income of the company also remained almost static at Rs 434.85 crore vis-a-vis 439.64 crore reported in the July-September quarter of the last fiscal.
Consumption of raw materials increased to Rs 60.58 crore in the reporting quarter from Rs 44.16 crore in the same quarter last fiscal. Expenditure on fuel also rose to Rs 110.5 crore from Rs 88.62 crore.
Freight costs increased to Rs 101.05 crore from Rs 78.91 crore in the corresponding quarter last fiscal.
