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JK Cement reports heavy profits

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JK Cement, with its 6.65 mtpa capacity, has reported a net rise in profit by 59 per cent to reach Rs 52.91 crore in the January-March. The company attributes these gains to better sales, operational efficiency and better price for the building material. ?The net profit has gone up by 59 per cent during the January-March quarter on three things -higher volumes, better efficiency of the plants and a better price of the products,? said JK Lakshmi Cement?s Whole-time Director Shailendra Chouksey. ?Cement demand will be buoyant in the current fiscal. I would not be surprised if it goes up by 8-9 per cent against just a 3 per cent growth in 2013-14 fiscal,? he added.

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