JK Cement on Saturday reported a 79 per cent decline in its third quarter net profit at Rs. 11.21 crore on lower income.
The company, which has 7.5 million tonnes per annum grey cement making capacity, had clocked a net profit of Rs. 54.38 crore in the corresponding quarter a year ago, it said in a filing to the BSE.
Total income of the company declined to Rs. 677.15 crore from Rs. 688.08 crore a year earlier.
Total expenses, however, rose to Rs. 634.37 crore from Rs. 584.98 crore a year earlier.
Freight costs went up to Rs. 163.37 crore from Rs. 141.51 crore a year earlier. Read more..
The company, which has 7.5 million tonnes per annum grey cement making capacity, had clocked a net profit of Rs. 54.38 crore in the corresponding quarter a year ago, it said in a filing to the BSE.
Total income of the company declined to Rs. 677.15 crore from Rs. 688.08 crore a year earlier.
Total expenses, however, rose to Rs. 634.37 crore from Rs. 584.98 crore a year earlier.
Freight costs went up to Rs. 163.37 crore from Rs. 141.51 crore a year earlier. Read more..
Source: Latest News in Hindi
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