India: JK Lakshmi Cement’s profit in the first three months of 2020, the fourth quarter of the Indian fiscal year 2020, was US$13.0m, up by 150% year-on-year from US$5.21m in the corresponding period of 2019. Sales were US$151m, down by 11% year-on-year from US$169m. The Press Trust of India has reported that the coronavirus outbreak had a ‘marginal impact’ on the results.
JK Lakshmi Cement said, “The company's concerted efforts in improving product mix, market optimisation, enhancing the premium products sales, reducing logistic costs and improving plant efficiency parameters enabled the company to post better returns. Softening of petcoke prices also helped the company to improve its margins.”
