JK Lakshmi Cement has posted a net profit of INR 227.5 million for the quarter ended June 30th 2011 as compared to INR 168.1 million for the quarter ended June 30th 2010, representing rise of 35.34%.

The company’s net sales has increased from INR 3,235.9 million for the quarter ended June 30th 2010 to INR 3,917.9 million for the quarter ended June 30th 2011, representing increase of 21.08%.

Ms Vinita Singhania MD of JK Lakshmi Cement said that “The company’s marketing zone showed almost a flat growth as against 5.3% growth registered in FY-11. Company could, however, increase its dispatches by 10% during the quarter.”

She however added that “Continued lull in the demand is a matter of concern and it is bound to have its repercussion on the prices in the coming quarters. The fuel prices continue to rise unabated. In fact, the company would have registered much better margins had it not been for the increase in the fuel and logistic costs, which also registered substantial increase during the quarter.”