India's JK Lakshmi Cement Q1 profit doubles on lower expenses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
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Source: Reuters
Profit Increase: JK Lakshmi Cement reported a net profit of 1.56 billion rupees for the first quarter, doubling from 748.8 million rupees a year ago, primarily due to a 13% reduction in total expenses.
Sales Decline Amid Challenges: Despite the profit increase, the company's sales volumes fell by 8% to 2.3 million tonnes, impacted by restricted construction activities during India's general elections and an extreme summer season.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
