JK Lakshmi Cement net profit up

JK Lakshmi Cement net profit up
Published: 30 May 2006

JK Lakshmi Cement today reported a 113 per cent growth in its net profit at Rs 55 crore for the fiscal 2005-06, as against Rs 26 crore in the year-ago period. The company’s sales during the period under review rose by 18 per cent at Rs 700 crore, compared to Rs 592 crore in the previous year, JK Lakshmi said in a statement. The increased profitability was due to improvement in all the efficiency parameters of production, logistics and working capital management, the company said. JK Lakshmi cement has been able to contain its cost of production to just about one per cent despite the steep rise in the input costs as well as considerable hike in the road transportation costs, it said.