JK Lakshmi Cement's Net Profit More Than Trebles For Q3FY20
New Delhi: JK Lakshmi Cement’s net profit jumped more than three times at Rs 49.31 crore for the third quarter of the current fiscal as compared to Rs 14.05 crore in the same quarter in the previous fiscal.
The total sales of the company went up 7 percent at Rs 1,004.95 crore for the third quarter of the ongoing fiscal as against Rs 935 crore in the corresponding quarter of the previous financial year, the company said in a statement.
“During the quarter, company has been able to reduce its logistic cost substantially as well as improve its product mix to cut down the cost further. The fuel prices have softened further. These cost reductions enabled the company to post an EBIDTA of Rs 166. 59 crore in Oct-Dec, 19 from Rs 112. 19 crore in Oct-Dec, 18,” the company said.