JK Cement Q1 PAT decline 38% to Rs49 crore

New Delhi: J K Cement Ltd on Saturday posted 37.8% decline in standalone profit after tax to ₹49.3 crore for the quarter ended 30 June, on the back of lower revenues.

The company had reported standalone profit after tax of ₹79.3 crore in the year-ago period, J K Cement said in a filing to BSE.

The revenue of the company during April-June quarter declined to ₹1,131 crore, compared to ₹1,227 crore in the corresponding quarter previous fiscal.

The total expenses dropped to ₹1,067.3 crore, from ₹1,123.7 crore in the year-ago period, the filing said.