Higher input costs and subdued sales pulled down JK Cement s April to June standalone net profit to INR 30.88 crore, down 55% over the same period last fiscal.
The Kanpur based company, which has an installed 75 lakh tonnes per annum cement making capacity, had clocked INR 68.87 crore net profit in the April to June quarter of last fiscal.
JK Cement s net income also dipped to INR 661.14 crore during the quarter from INR 737.46 crore in corresponding period of previous fiscal.
Expenditure also fell slightly to INR 599.16 crore as against INR 610.45 crore in the corresponding quarter.