Coal news and updates

JK Cement posts Rs 21.45-crore net loss in Q2

November 11:  JK Cement Limited, one of the major cement manufacturers in India, posted a net loss of Rs 21.45 crore in the quarter ended September 2013 (Q2, 2013-14) compared to a Rs 54.09-crore profit earned during the same period last year (Q2,2012-13), according to a  company announcement.

In the previous quarter (Q1, 2013-14), however, the company reported a net profit of Rs 30.88 crore.

Higher input costs and lower demand from the market brought down the net profit of the company.

Income from operations too was down by to 12.08% to Rs 721.46 crore in Q2, 2013-14 compared to Rs 820.55 crore recorded in the corresponding period of last year.

For the first six months (April-September) of 2013-14, the net profit for the company was Rs 9.42 crore compared to a net profit of Rs 122.96 crore during the same period in the previous year (April-September) of 2012-13. 

Following are the Q2 results of India Cements Limited in 2013-14 and 2012-13 (in Rs crore) (unaudited)