JK Lakshmi Cement Net Profit Jumps 61% In March Quarter, Stock Edged Higher

Share value of JK Lakshmi Cement rallied greater than six per cent on Friday, May 21, a day after the corporate introduced its January-March quarter outcomes for the fiscal 12 months 2020-21. On Friday, JK Lakshmi Cement opened on the BSE at Rs 5472, swinging to an intra day excessive of Rs 513.90, and an intra day low of Rs 472. According to a regulatory submitting by the agency to the inventory exchanges, JK Lakshmi Cement reported a web revenue of Rs 159.13 crore on a consolidated foundation within the March quarter of the monetary 12 months 2020-21.

JK Lakshmi Cement reported a web revenue of Rs 98.63 crore within the corresponding quarter within the earlier fiscal 12 months, marking a 61.34 per cent progress in revenue on a year-on-year foundation. The firm’s income from operations grew 25.22 per cent to Rs 1,424.32 crore within the fourth quarter of fiscal 2020-21, in comparison with Rs 1,137.47 crore within the year-ago interval. 

The whole bills of the corporate stood at Rs 1,207.01 crore throughout the March quarter, in comparison with Rs 1,016.16 crore within the year-ago interval. According to the assertion, JK Lakshmi Cement’s board really useful a dividend of 75 per cent – Rs 3.75 per cent per fairness share of Rs 5 every for the monetary 12 months 2020-21.

On the NSE, JK Lakshmi Cement opened at Rs 481, witnessing an intra day excessive of Rs 513.80, and an intra day low of Rs 481, all through the buying and selling session on Friday. It settled 4.98 per cent larger at Rs 489 apiece on the NSE.

Shares of JK Lakshmi Cement settled 5.63 per cent larger at Rs 493.40 apiece on the BSE.