JK Lakshmi Cement s Q1 net profit falls marginally
Mumbai Aug 3 (IANS) JK Lakshmi Cement on Thursday reported a marginal fall of 1.19 per cent in its standalone net profit for the first April-June quarter of 2017-18.
According to the company its net profit stood at Rs 28.30 crore from Rs 28.64 crore reported in the corresponding quarter of last fiscal.
The company s total income was up by 14.86 per cent to Rs 1 013.37 crore in Q1 of the current fiscal as compared with Rs 882.23 crore in the corresponding period of previous fiscal.
During the April-June quarter the company improved its power consumption to 72 kwh/mt from 73 kwh/mt in April-June 2016. It has further brought down fuel consumption from 701 kcal/kg in April-June 2016 to 696 kcal/kg in April-June 2017.
"To bring down power cost the company is installing 7.5MW waste heat recovery power plant in Durg which is likely to be commissioned in October this year " it said in a statement.
The company is further putting up a 20MW thermal power plant in Durg which will come into stream in third quarter of 2018-19.
"With good monsoon Goods and Services Tax s smooth implementation and government s thrust on Housing for All the company feels cement demand will pick up in the second-half of the fiscal " it said.
--IANS
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