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JK Cement Ltd on Saturday reported an 8.56 per cent decline in consolidated profit to Rs 173.61 crore during the December quarter. It had posted a profit of Rs 189.87 crore in the year-ago period, JK Cement Ltd (JKCL) said in a regulatory filing. Revenue from operations was up 18.18 per cent at Rs 3,463.07 crore in the December quarter. It was at Rs 2,930.28 crore in the corresponding period a year ago. JKCL's total expenses were Rs 3,192.91 crore, up 18.42 per cent in the December quarter. JKCL's total income, including other income, was Rs 3,509 crore during the period under review, up 17.95 per cent. It has reported a 23 per cent volume sales growth on grey cement on a year-on-year basis to 5.36 million tonnes. Its EBIDTA per tonne was Rs 928 as against Rs 1,022 in the quarter. JKCL has a production capacity of 28.26 MTPA grey cement, 3.05 MTPA white cement and wall putty.
Leading Indian companies like Tata Steel have joined hands with Swedish technology innovators to launch seven projects to drive decarbonisation in the domestic steel and cement sectors. As India advances towards its 2070 net-zero target, reducing emissions from these hard-to-abate sectors will be essential to support the country's infrastructure development, industrial growth, and long-term climate ambitions, a press statement has said. The projects include using hydrogen in rotary kilns for steelmaking, recycling steel slag to produce green cement, and deploying AI to support cement decarbonisation. Seven innovative projects have been selected to conduct pre-pilot feasibility studies in India under the Lead IT industry transition partnership, with funding from the Department of Science and Technology, Government of India and the Swedish Energy Agency, the statement said. Leading Indian and global companies, research institutes, and technology innovators are driving these seven ...
JK Cement Ltd on Saturday reported an increase of 17 per cent in consolidated net profit to Rs 159.25 crore for the September quarter. The company had posted a profit of Rs 136.15 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Its revenue from operations was up 17.9 per cent at Rs 3,019.20 crore in the September quarter. It was at Rs 2,560.12 crore in the corresponding period a year ago. JKCL's total expenses were at Rs 2,827.36 crore, up 11 per cent in the September quarter. The total income of JKCL, which includes other income, was at Rs 3,070.08 crore, up 18.17 per cent in the September quarter. JKCL has a grey cement capacity of 26.26 MTPA.