NEW DELHI (INDIA): JK Lakshmi Cement reported a decline of 1.18 per cent in standalone net profit to Rs 28.30 crore for the first quarter ended June 30 partially impacted by higher input costs.
The company had posted a net profit of Rs 28.64 crore in the April-June quarter a year ago, JK Lakshmi Cement said in a BSE filing.
However, its total income during the quarter under review was up 14.86 per cent to Rs 1,013.37 crore as against Rs 882.23 crore in the corresponding quarter ago.
“Increase in Petcoke and diesel prices resulted in only a marginal increase in EBIDTA to Rs 130.52 crore in April-June 17 from Rs 127.92 crore in April-June 16,” JK Lakshmi Cement said.
It further said: “After providing for higher interest and depreciation, PBT was down at Rs 37.44 crore in April-June 17 as against Rs 40.41 crore in April-June 16.”
JK Lakshmi Cement’s total expenses rose to Rs 975.93 crore in the first quarter of 2016-17 from Rs 841.82 crore in the year-ago quarter.
The company registered a healthy growth of 8 per cent in its production and sales during the quarter.
Shares of JK Lakshmi Cement today settled at Rs 453.10 on BSE, down 0.55 per cent from previous close.
Source: Press Trust of India