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Consolidated net sales stood at Rs 2,432.50 crore in Q3 FY23, rising 19.8% year on year (YoY) from Rs 2,030.49 crore in Q3 FY22.
Profit before tax slumped 70.4% to Rs 69.19 crore in Q3 FY23 from Rs 233.57 crore recorded Q3 FY22.
Total expenditure rose 30.88% YoY to Rs 2,385.54 crore in the quarter ended 31 December 2022. Cost of materials consumed increased by 22.38% YoY to Rs 402.09 crore while power and fuel expense surged 52.2% YoY to Rs 695.99 crore during the period under review.
On the margins front, the company's operating margin declined to 10.03% in Q3 FY23 from 18.28% posted in Q3 FY22. Net profit margin slipped to 1.51% in Q3 FY23 as against 7.09% recorded in Q3 FY22.
Meanwhile, the company's board approved raising of funds through issuance of redeemable secured, listed, non-convertible, taxable debentures having face value of Rs 10 lakh each aggregating upto Rs 100 crore on private placement basis.
JK Cement is engaged in manufacturing cement and cement products.
The scrip rose 0.63% to currently trade at Rs 2,647.60 on the BSE.
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