JK Cement Ltd announced a 29.43% decrease in its consolidated net profit, reporting Rs 113.46 crore for the first quarter ending on June 30, 2023. In the same period a year ago, the company had recorded a net profit of Rs 160.79 crore, as stated in a regulatory filing. During the first quarter of FY 2023-24, JK Cement’s total expenses rose by 27.58% to reach Rs 2,598.63 crore.
In terms of revenue, the company experienced a growth of 21.57%, with revenue from operations reaching Rs 2,762.62 crore in the review quarter compared to Rs 2,272.38 crore in the corresponding period of the previous year. The total income of JK Cement for the June quarter amounted to Rs 2,794.22 crore, showcasing a 22.16% increase over the same period from the previous year.
On the preceding Friday, JK Cement’s share price was Rs. 3250.65, marking a decrease of 2.74% on the BSE.