J.K. Cement Ltd Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 25, 2014 at 09:04 am
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J.K. Cement Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations of INR 6,771.537 million against INR 6,880.810 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 427.786 million against INR 1,030.988 million a year ago. Profit form ordinary activities before tax was INR 163.329 million against INR 775.599 million a year ago. Net profit was INR 121.169 million or INR 1.60 per basic and diluted share against INR 543.830 million or INR 7.78 per basic and diluted share a year ago.
For the nine months, total income from operations of INR 19,631.322 million against INR 21,404.176 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 1,122.321 million against INR 3,299.001 million a year ago. Profit form ordinary activities before tax was INR 305.626 million against INR 2,625.270 million a year ago. Net profit was INR 206.466 million or INR 2.95 per basic and diluted share against INR 1,773.501 million or INR 25.36 per basic and diluted share a year ago.
J.K. Cement Ltd. is an India-based company cement and building products manufacturer company. The Company's product portfolio includes grey cement, white cement, wall putty, gypsum plaster, tile adhesives & grouts, and wood finishes. Grey cement offers JK Super Protect Weather Shield Cement; JK Super Strong Concrete Special; JK Super Cement Portland Pozzolana Cement (PPC); JK Super Ordinary Portland Cement (OPC) 43, JK Super OPC 53, and JK Super Portland Slag Cement (PSC). The White cement portfolio includes JKC WhiteMaxX and JKC RepairMaxX. The Wall Putty portfolio provides JKC WallMaxX, JKC WallMaxX Advanced, JKC ShieldMaxX, JKC LevelMaxX, and JKC LevelMaxX Plus. The Gypsum Plaster portfolio provides JKC GypsoMaxX, JKC PlastoMaxX, and JKC BondMaxX. It operates seven grey cement manufacturing plants and two white cement and wall Putty manufacturing plants. The Company's subsidiaries include J.K. Cement (Fujairah) FZC, JK Maxx Paints Limited, and Toshali Cements Pvt Ltd., among others.