JK Cement’s Q2 net profit jumps almost 3-fold to Rs 221.55 crore

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NEW DELHI: JK Cement Ltd on Monday reported almost three-fold jump in consolidated net profit at Rs 221.55 crore for the second quarter ended September 2020.

The company had posted a net profit of Rs 79.50 crore in July-September period a year ago, JK Cement said in a regulatory filing.

Its revenue from operations rose 24.04 per cent to Rs 1,634.39 crore during the quarter under review from Rs 1,317.63 crore in the year-ago period.

Total expenses rose 11.53 per cent to Rs 1,338.93 crore from Rs 1,200.41 crore in the year-ago quarter.

“With gradual resumption of overall economic activities, operations of the Group have started moving towards normalcy,” JK Cement said, adding that the situation is still evolving.

Source: Press Trust of India