JK Cement sees revenue rise in March quarter

India-based JK Cement has reported total income of INR29,820.3m (US$357m) in the quarter ended 31 March 2024, compared to INR27,006.7m in the same quarter a year earlier. Profit after tax over the same period advanced from INR1393.6m to INR2359.5m, while basic earnings per share improved from INR18.04 to INR30.54.

Total expenses increased from INR25,102.8m in the three months ended 31 March 2023 to INR26,332.5m in the same period a year later, mainly driven by higher purchases of stock in trade, finance costs, and freight and forwarding expenses. Power and fuel expenses over the same time frame declined. 

In the year ended 31 March 2023, total income came in at INR110,533.7m, marking an expansion from INR93,953.8m in the same period a year earlier. Profit after tax over the same period improved from INR5026.9m to INR8306.4m, while basic earnings per share went up from INR65.06 to INR107.5.