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News High costs offset sales growth in JK Lakshmi Cement’s first quarter of 2023 financial year

High costs offset sales growth in JK Lakshmi Cement’s first quarter of 2023 financial year

Written by Global Cement staff 29 July 2022
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India: JK Lakshmi Cement recorded consolidated sales of US$209m in the first quarter of the 2023 financial year, up by 25% year-on-year from US$167m in the first quarter of the 2022 financial year. The group’s net profit was US$14.5m, down by 15% from US$17.2m.

ZeeBiz News has reported that the producer experienced a 29% year-on-year increase in costs to US$188m, which it attributed to rising global fossil fuel prices.

Last modified on 03 August 2022
Published in Global Cement News
Tagged under
  • India
  • JK Lakshmi Cement
  • Results
  • fossil fuels
  • Coal
  • Oil
  • costs
  • trade
  • GCW568
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