Coal news and updates

J K Cement 2nd quarter net increases sharply

November 6: Riding on the back of higher volume and better realisation, J K Cement Limited posted a net profit of Rs 32.32 crore during the quarter ended September 30, 2014, improving its performance to a large extent from a loss of Rs 21.45 crore incurred during the corresponding quarter of the previous fiscal, according to a company statement.

During the July-September quarter of FY15, the company’s total income from operations stood at Rs 830.67 crore, up sharply by 32.74% from Rs 625.78 crore earned during Q2 of the previous fiscal.

On the other hand, the company’s expenses for the quarter stood at Rs 769.91 crore while this stood at Rs 618.31 crore during the corresponding quarter of the previous year.