JK Lakshmi Cement's net profit at Rs 50 cr for Q1FY21

New Delhi: JK Lakshmi Cement Ltd’s consolidated net profit fell only marginally to Rs 50 crore for the first quarter of the current fiscal as compared to a net profit of Rs 53 crore in the corresponding quarter of the previous fiscal.

The consolidated revenue from operations of the company fell 20 percent to Rs 911 crore for the first quarter of the current fiscal as compared to Rs 1,136 crore in the corresponding quarter of the previous fiscal.

The consolidated total expenses of the company dropped Rs 846 crore for the first quarter of the current fiscal as compared to Rs 1037 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The EBITDA fell 14 percent at Rs 151 crore for the first quarter of the current fiscal as against Rs 175 crore in the corresponding period of the previous fiscal. The company continues with its 

cost saving measures and improved product mix which resulted in marginal improvement in the operating margins of the company which stood at 17 percent in the latest quarter. The lower logistic costs also helped in the matter.

 

menu
menu