"There has been a negative demand of 3-4 percent in the North and Gujarat, where we operate. Lower demand then led to lower prices and realisation. These have led to the fall in net profit," company's Whole-time director Shailendra Chouksey said.

JK Lakshmi Cement, which has 5.3 million tonnes per annum capacity now, had clocked Rs 50.88 crore net profit in the corresponding quarter last fiscal. Chouksey said the realization of the company was down by 16 percent during the quarter despite improvement in various efficiency parameters like per unit power usage.

Total income of the company also dipped to Rs 448.87 crore from Rs 491.41 crore a year ago. Expenses, on the other had risen to Rs 426.57 crore from Rs 411 crore a year earlier.


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