Coal news and updates

JK Lakshmi Cement’s Q1 net profit jumps 158%

July 28:J K Lakshmi Cement Limited  reported 157.70% jump in its net profit for the April-June quarter (first quarter) of 2014-15 to Rs 40.46 crore against Rs 15.70 crore in the same quarter of the previous year the company said in a statement on July 25.

However, the net profit of the company dropped nearly 24% from Rs 52.91 crore recorded in the previous quarter (Fourth quarter of 2013-14).

The sales turnover of the company during the period rose by 30.87% to Rs 668.94 crore against a turnover of Rs 511.11 crore recorded in the second quarter of 2013-14 mainly on the back of increase in production as well as the sales volume, the company statement said.

The statement said that during the quarter under review there has been a 14% increase in cement production compared to the first quarter of 2013-14 while the sales volume of the company increased 18% in the current quarter compared to the same period of last year.

Meanwhile the company said that its cement plant with a capacity of 27 million tons per annum is likely to commission in October-December quarter.

Following are the Q1 results of JK Lakshmi Cement Limited in 2014-15 and 2013-14 (in Rs crore):