You are here: Home » Companies » News
Business Standard

JK Cement third quarter net profit soars 74.8% to Rs 217 crore

The firm reported the jump in profit for the third quarter ended December 2020

Topics
JK Cement | Q3 results | Cement sector

Press Trust of India  |  New Delhi 

cement
Representational image of the cement industry

Ltd on Saturday reported an increase of74.82 per cent in its consolidated net profit to Rs217.28crore for the third quarter ended December 2020.

The company had posted a profit of Rs124.29crore in the October-December period a year ago, said in a regulatory filing.

Its revenue from operations was up24.52per cent at Rs1,832.71crore during the quarter under review as against Rs1,471.78crore in the year-ago period.

total expenses were at Rs1,526.25crore, up15.73 per cent, as against Rs1,318.80crore of Q3/FY 2019-20.

Meanwhile, JK Cement also informed that board of the company in its meeting held on Saturday approved setting up of an integrated greenfield grey cement plant of four millions tonnes per annum by its wholly-owned subsidiary Jaykaycem (Central) Ltd at Panna, Madhya Pradesh.

With a split grinding unit in Uttar Pradesh, the project has an estimated cost outlay of Rs 2,970 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 06 2021. 17:42 IST
RECOMMENDED FOR YOU
.