JK Cement reports 74.8% jump in Q3 profit to INR 217.2cr
JK Cement posted INR 217.28 crore in profit after tax for the third quarter that ended 31 December 2020, a 74.82% jump compared to INR 124.3 crore reported for the third quarter of 2019.
The operational revenue of the Indian building material company for the third quarter was INR 1,832.7 crore, which is an increase of 24.52%, compared to INR 1,471.7 crore made in the same quarter of the previous fiscal year.
The total expenses of JK Cement in the reported quarter stood at INR 1,526.25 crore, which is a 15.73% jump compared to INR 1,318.8 crore in the third quarter of the previous fiscal year.
JK Cement reports 74.8% jump in Q3 profit to INR 217.2cr. Photo courtesy of LEEROY Agency from Pixabay.
The Indian cement company also announced its board’s approval for an integrated greenfield grey cement factory with a capacity of four million tonnes per year. The cement plant will be built in Panna, Madhya Pradesh by JK Cement’s fully-owned subsidiary Jaykaycem (Central).
With a split grinding unit in Uttar Pradesh, the grey cement factory is projected to cost INR 2,970 crore.