JK Lakshmi ends FY13-14 on a strong note

JK Lakshmi cement reported a 59 per cent increase in net profit for the final quarter of FY13-14 and anticipates a brighter outlook for the domestic market through the year.

The Indian-based producer said net profit for the three months to the end of March 2014 rose to INR52.91 crore compared to INR33.34 crore in the same quarter of the previous year.

"The net profit has gone up by 59 per cent during the January-March quarter on three things:  higher volume, better efficiency of the plants and a better price of the products," JK Lakshmi Cement whole-time director Shailendra Chouksey told local press.

Company sales rose by 18 per cent YoY and prices were also up by around four per cent. Turnover during the period rose 21 per cent to INR721.55 crore .

Mr Chouksey expects an upturn in demand during this year with infrastructure likely to receive a huge push from a stable government at the centre. According to his expectations, demand could potentially rise by as much as 8-9 per cent this year.