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The cement manufacturer’s profit declined 29.5% to Rs 114.7 crore in the June quarter, as against Rs 162.7 crore in the year-ago period, according to an exchange filing. That compares with the Rs 129.4-crore consensus estimate of analysts tracked by Bloomberg.
JK Cement’s shares closed 2.47% lower at Rs 3253.80 apiece, compared to 0.59% decline in the NSE Nifty 50 on Friday at 3:30 p.m.
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