JK Cement on Saturday reported an over two-fold jump in its standalone net profit at Rs 40.91 crore for the quarter ended September 30, 2016. The firm had clocked a net profit of Rs 14.54 crore in the year-ago period, it said in a BSE filing.
Total standalone income of the company also rose by 7 per cent to Rs 1,076.08 crore in July-September quarter this fiscal from Rs 1,007.87 crore during the same quarter in financial year 2015-16. Total expenses were higher at Rs 960.88 crore during the quarter under review from Rs 942.13 crore a year ago.
last week, the firm had said it plans to raise up to Rs 500 crore through private placement. The firm, part of the $4 billion JK Group, operates integrated cement facilities at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat (Gujarat) and Jharli (Haryana).
