JK Cement reports 10% increase in net profit

JK Cement has reported a 9.77 per cent YoY increase in net profit for the quarter ending 31 December 2017. This translates to a total of INR7.2bn (US$112.2m), compared to INR6.64bn seen in the year-ago period. Net revenue grew by 26.84 per cent in the 3QFY18, finishing at INR112bn (3QFY17: INR88.7bn).

However, the company’s operating expenses also rose 29.24 per cent in the Oct-Dec 2017 quarter to INR95.5bn, when compared with INR73.9bn of the previous year’s quarter.

Elsewhere, JK Cement has received approval for a brownfield expansion project at Mangrol, Rajasthan.