JK Lakshmi Cement's reports 18% rise in 2Q revenue

JK Lakshmi Cement reported a net profit of INR132m (US$2m) for the 2QFY17 period ended 30 September, a fall from INR249m of the year-ago period. However, the company also  posted a revenue of INR7.7bn representing a YoY increase of 18 per cent, according to The Times of India.

The second quarter of 2017 saw a minor rise in EBITDA to INR1.12bn from INR1.11bn in 2QFY16. In addition, the cost of power and fuel significantly increased to INR1.79bn from INR1.16bn in the corresponding period in 2016.

JK Lakshmi reported a fall in net profit for the 1H17 period ended 30 September, down to INR415m from INR535m in 1H16. Although the company’s revenue for 1H17 rose to INR17.7bn from INR16bn in the previous year.

Over the first six months of the financial year, EBITDA reached INR2.43bn an increase when compared to INR2.4bn of 1H16. The cost of fuel and power leaped to INR3.71bn in 1H17 from INR2.47bn in 1H16.