India: JK Cement quarterly results

Compared to its performance in the corresponding quarter last year, JK Cement Ltd reported significant growth in both net profit and net sales.

The company reported a standalone net profit of INR608.5m (US$9.1m)for the quarter ended 30 June 2016, in comparison to just INR10.5m (US$157,275) last year according to a BSE filing made by JK Cement. The company’s net sales increased to INR8.87bn (US$132.8m).

JK Cement is the second-largest manufacturer of white cement in India, with a capacity of 600,000tpa.