India’s JK Cement reports 55% drop in 1QFY13-14FY

JK Cement reported a 55 per cent drop in its net profit at INR310m (US$5.22m) for the quarter ended 30 June 2013 as a result of lower realisation and higher input costs. In the corresponding quarter of the previous year, the company had posted a profit of INR690m.

Total income from operations also fell 10 per cent from INR7.37bn to INR6.61bn.  EBITDA margins contracted from 21.47 per cent to 15.55 per cent.