Coal news and updates

Sharp increase in JK Lakshmi Cement Q2 net profit

November 7: JK Lakshmi Cement Limited reported a sharp increase in net profit for the July-September quarter of 2014-15 to Rs 30.61 crore against Rs 10.30 crore reported in the same quarter of the previous fiscal, the company said in a recent statement.

On a quarter-on-quarter basis, however, the company’s net profit dropped from Rs 40.46 crore in the April-June quarter or quarter one.

In the first six months of the current fiscal, the company’s net profit increased to Rs 71.07 crore from Rs 26.00 crore earned in the same period of the previous fiscal, the company statement added.

During the second quarter of 2014-15, the company’s revenues from operations increased nearly 27% to Rs 638.35 crore compared to Rs 500.86 crore reported in the same period of the last financial year.