JK Lakshmi Cement has reported a growth of 133 per cent in its consolidated net profit during the third quarter of FY21. Its profit after tax (PAT) stood at Rs 118.43 crore in Q3 FY21, as against Rs 50.84 crore it recorded in the corresponding quarter previous fiscal, the company said in a BSE filing.
The company’s net consolidated income stood at Rs 1,280.22 crore, a growth of 17 per cent from Rs 1,092.91 crore it registered in the similar quarter last year.
The company has brought down Power consumption to 69 kwh/ton in Oct-Dec 2020 from 70 kwh/ton in Oct-Dec 2019, the company said in a media release.
The company has maintained hundred percent asset cover in respect of its Listed, Secured, Non-Convertible Debentures aggregating to Rs 225 crore, outstanding as on December 31, 2020, and such Debentures are secured by way of first charge on the company’s properties, it said in the regulatory filing.