25 Jun 2019 | 10:22 PM

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COMPANYNEWS
JK Cement Q4 net profit jumps 55.49% at Rs 149.97 cr
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Published on 05-18-2019
The company reported standalone net profit of Rs 149.97 crore for the quarter ended March 31 2019 as compared to Rs 96.45 crore in the same period last year registering a year-on-year growth of 55.49 per cent.


Net revenue of the company rose moderately by 11.76 per cent at Rs 1470.71 crore in January-March quarter of this fiscal as against Rs 1315.95 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 6.92 per cent to Rs 1212.45 crore from Rs 1134.03 crore in year ago period.


Other Income dipped by 34.44 per cent at Rs 34.95 crore versus (Mar`18 Rs 53.31 crore).


Operating Profit surged by 53.62 per cent to Rs 279.47 crore as against Rs 181.92 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 37.48 per cent in March quarter.


Interest declined by 5.11 per cent y-o-y to Rs 53.34 crore while Taxation increased by 131.59 per cent at Rs 61.44 crore (Mar`18 Rs 26.53 crore).