Somewhat aggravated by shortage of RMC in Mumbai - fallout of the mining ban - JKIL's income from operations plunged 7.2% last quarter nosedived 12% (y-o-y) in Q4 too. Consequently OPMs fell to the lowest level in five quarters. To accommodate robust order flows, JKIL's has been sprucing its rank and file for its employee benefits expenses has inexorably surged in last three quarters (up 89.6% y-o-y in Q4 and 13.9% q-o-q). Higher other income (up 18%) and nearly 17% decline in finance costs could not prevent double digit falls in both pre and post tax earnings (10.1% & -12.6% respectively). After floundering for several months, billing for three JNPT gathered pace...