JK Lakshmi Cement : JK Lakshmi Cement announced its Q3 FY 2008 - 2009 result. The company's net sales were at Rs 297.35 crore versus Rs 282.35 crore. Its operating profit was at Rs 78.2 crore versus Rs 86.5 crore.

Its OPM was at 26% versus 31%. Its net profit was at Rs 56 crore versus Rs 61.1 crore.

 

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JK CEMENT : JK Cement, the largest cement producer in India, disclosed a substantial drop in its standalone net profit for the second quarter ended September 2008. During the quarter, the profit of the company declined 75.57% to Rs 177.63 million from Rs 727 million in the same quarter, last year. Net sales for the quarter rose marginally 1.46% to Rs 3,616.16 million, while total income for the quarter rose marginally 0.90% to Rs 3,616.16 million, when compared with the prior year period. The company reported earnings of Rs 2.54 a share during the quarter, registering 75.58% decline over prior year period.

During the quarter, the operating margin of the company dropped to 14.22% compared with 28.17% in the previous year period. Interest cost increased 17.88% to Rs 101.38 million while depreciation cost rose 33.55% to Rs 133.55 million over previous year period.

In the month of September 2008, the company has commissioned a 7.5 M.W. Thermal Power Plant at Gotan and a 0.47 million ton Grey Cement Plant at Gotan.

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