How did you find the quarterly results of JK Cements for the Dec-20 quarter?
Answer
Answer
JK Cements reported a growth of 74.8% in consolidated net profit after tax to Rs.217 crore for the Dec-20 quarter. It had earlier posted a profit of Rs.124 crore in the Dec-19 quarter. The company reported revenue from operations up 24.5% at Rs.1833 crore as compared to Rs.1472 crore in the year-ago period.
JK Cement in its AGM also approved the setting up of an integrated green-field grey cement plant with a capacity of 4 MTPA through its wholly-owned subsidiary Jaykaycem Central Ltd based out of Panna in the state of Madhya Pradesh. The project in Madhya Pradesh has an estimated cost outlay of Rs.2970 crore.