NEW DELHI: JK Lakshmi Cement Ltd on Wednesday reported a 5.80 for every cent decline in consolidated net profit for the June quarter at Rs 50.63 crore as sales ended up muted owing to the coronavirus lockdown.
The corporation had posted a profit of Rs 53.75 crore in the April-June time period a yr ago, JK Lakshmi Cement mentioned in a regulatory filing.
Revenue from operations dropped 19.78 for every cent to Rs 911.54 crore during the quarter beneath evaluation, as from Rs 1,136.32 crore before.
“Sales volume was seriously impacted by lockdown constraints throughout most component of the quarter…resulting into sales volume plunging by 18 per cent in Apr-June 2020 more than Apr-June 19. As a final result, sales declined to Rs 825.15 crore by 21 for every cent in Apr-June 2020 from Rs 1,041.88 crore in Apr-June 19,” it mentioned.
Total expenses have been at Rs 846.55 crore, as towards Rs 1,037.23 crore earlier, down 18.38 per cent.
Having said that, on a standalone basis, net profit was up 12.74 per cent to Rs 44.42 crore as in opposition to Rs 39.40 crore.
Share of JK Lakshmi Cement Ltd settled at Rs 297.80 on BSE, down .30 for each cent.