Net profit of JK Lakshmi Cement Ltd. nearly halved in the July-September quarter, but the management remains optimistic on future performance.
In an interview with BloombergQuint, SA Bidkar, Chief Financial Officer said that cost pressures resulting from the ban on pet coke is is likely to continue, but may be offset to an extent by demand growth. He anticipates volume expansion to the tune of 11-12 percent towards the end of this year.
Financial Highlights:
- Revenue up 18.5 percent to Rs 777 crore year-on-year
- Net profit down 48 percent to Rs 13 crore year-on-year
- Earnings before interest, tax, depreciation and amortisation up 3.2 percent to Rs 96 crore
- EBITDA margin contracted to 12.35 percent from 14.2 percent
Watch the full interview here.
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