Coal news and updates

JK Lakshmi Cement’s Q3 net drops 66%

February 10: Delhi-based JK Lakshmi Cement Limited reported a 65.84% drop in net profit during the third quarter (October–December) of 2013-14 to Rs 14.09 crore compared to a net profit of Rs 41.24 crore reported in the same quarter of 2012-13, mostly on account of higher raw material, fuel and power costs.

During the period under review, the company’s net income from operations rose by 9.99% to Rs 502.58 crore in the current financial year compared to a net income of Rs 493.62 crore reported in the same period of the previous financial year.

During the first nine months of the current financial year, the company’s net profit dropped to Rs 40.09 crore compared to a net profit of Rs 171.01 crore, in the corresponding period of last year.

The following table gives the quarterly performance of JK Lakshmi Cement in 2013 and 2012 (in Rs crore):