In the third quarter ended December 2015, India-based JK Lakshmi Cement improved its total income year-on-year from INR 5.63 billion (€74.27 million/US$82.89 million) to INR 6.64 billion.
owever, it swung from a net profit of INR 184.8 million to a net loss of INR 36.70 million.
The company reduced its losses at profit after tax (PAT) level from INR 149.5 million recorded in the July-September 2015 quarter to INR 36.7 million in the period under review.
It saw its loss at profit before tax (PBT) level also falling to INR 90 million during the reporting quarter compared to the loss of INR 221 million incurred in the July-September 2015 period and a loss of INR 221.80 million recorded in the corresponding prior-year quarter.
The company's quarterly net loss was attributed to a significant decline in sales realisation and the depreciation and interest costs incurred in commissioning the first phase of its greenfield cement facility in Durg in March 2015.
