India-based producer JK Cement has slipped into the red with a INR21-crore loss in the quarter ended September 30, due to a stiff rise in costs of raw material, freight, and fuel.
The company had reported INR65.38-crore net profit in the corresponding quarter last fiscal, it said in a statement to the Bombay Stock Exchange. Total income of the company also remained almost static at INR434.85 crore compared with the INR439.64 crore reported in the July-September quarter of the last fiscal.
Consumption of raw materials increased to INR60.58 crore in the reporting quarter from INR44.16 crore in the same quarter last fiscal.
Expenditure on fuel also rose to INR110.5 crore from INR88.62 crore. Freight costs increased to INR101.05 crore from INR78.91 crore in the corresponding quarter last fiscal.