JK Cement Q3 profits rises 9.7% to ? 73 crore

JK Cement has reported a 9.76% growth in net profit at ? 72.93 crore for the October-December quarter compared to ? 66.44 crore in the same quarter of last year. Total income was ? 1,151 crore during the three-month period as against ? 1,083 crore in the same period of previous fiscal, JK Cement said in a filing to the BSE. The board of the company also approved brownfield expansion at Mangrol in Rajasthan with split grinding unit in UP having total cement production capacity of 42 million tonne per annum at estimated cost outlay of ? 2,000 crore, it added.