JK Cement Q3 net profit up 74.8% to Rs 217.28 crore

JK Cement Ltd on Saturday reported an increase of74.82 per cent in its consolidated net profit to Rs 217.28 crore for the third quarter ended December 2020.

The company had posted a profit of Rs124.29 crore in the October-December period a year ago, JK Cement said in a regulatory filing.

ee Zee Business Live TV Streaming Below:

Its revenue from operations was up 24.52 per cent at Rs 1,832.71crore during the quarter under review as against Rs1,471.78?crore in the year-ago period.

JK Cement total expenses were at Rs1,526.25 crore, up15.73 per cent, as against Rs1,318.80 crore of Q3/FY 2019-20.

Meanwhile, JK Cement also informed that board of the company in its meeting held on Saturday approved setting up of an integrated greenfield grey cement plant of four millions tonnes per annum by its wholly-owned subsidiary Jaykaycem (Central) Ltd at Panna, Madhya Pradesh.

With a split grinding unit in Uttar Pradesh, the project has an estimated cost outlay of Rs 2,970 crore.