JK Cement reports heavy profits
JK Cement, with its 6.65 mtpa capacity, has reported a net rise in profit by 59 per cent to reach Rs 52.91 crore in the January-March. The company attributes these gains to better sales, operational efficiency and better price for the building material. ´The net profit has gone up by 59 per cent during the January-March quarter on three things -higher volumes, better efficiency of the plants and a better price of the products,´ said JK Lakshmi Cement´s Whole-time Director Shailendra Chouksey. ´Cement demand will be buoyant in the current fiscal. I would not be surprised if it goes up by 8-9 per cent against just a 3 per cent growth in 2013-14 fiscal,´ he added.