JK Lakshmi Cement reports loss of Rs 19.24 cr in Q2, revenue down 2.2%

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JK Lakshmi Cement reports loss of Rs 19.24 cr in Q2, revenue down 2.2% - Business Standard

Quick Summary:

JK Lakshmi Cement has reported a consolidated net loss of Rs 19.24 crore for the second quarter ended September 30, 2024 on account of drop in sales realisation.

The company had posted a profit of Rs 95.87 crore in the July-September period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL), a flagship company of JK Organization.

Total expenses of JKCL were at Rs 1,263.01 crore, down 1.27 per cent in the September quarter of FY25.