JK Lakshmi Cement shares rally over 9 per cent after Q4 earnings

PTI Updated - May 21, 2021 at 12:34 PM.

The company posted a 61 per cent increase in consolidated net profit at Rs 159 crore in the fourth quarter

HYDERABAD: (AP): 21-02-2014: Cement bags being unloaded at a constuction site in Hyderabad on Friday on a day when cement stocks rallied by the close to replace financial stocks on the National Stock Exchange. Ambuja Cement, ACC and Ultra Tech surged by over 6 percent at afternoon, on Feb. 21, 2014. Photo:P.V.Sivakumar

Shares of JK Lakshmi Cement on Friday zoomed over 9 per cent after the company reported a 61.34 per cent increase in consolidated net profit for the fourth quarter ended March 2021.

The stock gained 9.14 per cent to Rs 509.80 -- its 52-week high -- on the BSE. On the NSE, it jumped 9.48 per cent to its 52-week high of Rs 510.

JK Lakshmi Cement on Thursday reported a 61.34 per cent increase in consolidated net profit at Rs 159.13 crore for the fourth quarter ended March 2021, helped by higher volumes and improved cost efficiencies.

The company had posted a profit of Rs 98.63 crore in the January-March period a year ago, JK Lakshmi Cement (JKLC) said in a regulatory filing.

Revenue from operations rose 25.22 per cent to Rs 1,424.32 crore from Rs 1,137.47 crore in the year-ago quarter.

Published on May 21, 2021 06:58