J K Cement Q3 net profit rises marginally by 2%

J K Cement on Saturday reported a marginal 2% increase in standalone net profit at Rs 17.09 crore for the third quarter (Q3) ended December 31, 2015. The cement maker had clocked a net profit of Rs 16.73 crore in the year-ago period, it said in a BSE filing.

Total standalone income of the firm rose to Rs 903.28 crore in the October-December quarter of the current fiscal as against Rs 798.63 crore during the same quarter of 2014-15.

The company’s total expenses were higher at Rs 816.48 crore during the quarter as against Rs 738.83 crore during the year-ago period.

J K Cement has an installed grey cement capacity of 10.5 million tonnes per annum (MTPA) making it one of the leading manufacturers in the country.

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The company is the second-largest manufacturer of white cement in India with an annual capacity of 600,000 tonnes. It also claims to be the second largest producer of wall putty in the country with an annual installed capacity of 500,000 tonnes.

On Friday, the stock of J K Cement closed down 1.03% or Rs 4.85 at Rs 465.00 on the BSE.