JK Lakshmi Cement reported that its net profit was down 16 per cent in the December quarter at Rs 41 crore (Rs 49 crore) due to a sharp increase in the operational cost and lower demand. Income was up marginally at Rs 494 crore (Rs 440 crore).
The operating profit (PBIDT) was up six per cent at Rs 98 crore. The PBIDT would have been higher but for higher expenditure on the freight to the tune of Rs 22 crore due to increase in both the railway and road freight on account of increase in the diesel prices, said the company. Higher depreciation was on account of change in the method of computing depreciation for captive power plant from the quarter ending March 2012 onwards, the company said. Shares of the company was unchanged at Rs 68.