JK Laxmi Cement Thursday reported a 197 percent rise in net profit for the second quarter ended September at Rs.30.61 crore as against Rs.10.30 crore in the period July-September 2013 on the back of increased volumes.
The company posted double digit growth of 11 percent and 13 percent in production and sales respectively in the quarter in question over the corresponding quarter over the previous year.
Increased volume enabled the company to achieve sales of Rs.638.35 crore in July-September 2014 which is higher by 27 percent as compared to Rs.500.86 crore in the same period of 2013.
The improved volumes and reported a better realization aided the company's operating profit to rise to Rs.90.34 crore in the quarter as against Rs.64.84 crore in the corresponding quarter of the previous year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app