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11-Feb2019

JK Lakshmi Cement gains on reporting 72% rise in Q3 net profit

JK Lakshmi Cement is currently trading at Rs. 303.65, up by 3.55 points or 1.18% from its previous closing of Rs. 300.10 on the BSE.

The scrip opened at Rs. 309.90 and has touched a high and low of Rs. 309.90 and Rs. 302.45 respectively. So far 3602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 484.00 on 28-Mar-2018 and a 52 week low of Rs. 249.55 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 310.50 and Rs. 298.00 respectively. The current market cap of the company is Rs. 3578.35 crore.

The promoters holding in the company stood at 45.94%, while Institutions and Non-Institutions held 28.74% and 25.32% respectively.

JK Lakshmi Cement has reported a rise of 71.71% in its net profit at Rs 14.75 crore for the quarter ended December 31, 2018 as compared to Rs 8.59 crore for the same quarter in the previous year. Total income of the company increased by 11.35% at Rs 948.70 crore for Q3FY19 as compared Rs 852.03 crore for the corresponding quarter previous year.

JK Lakshmi Cement, part of the $4 billion JK Group, operates integrated cement facilities at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat (Gujarat) and Jharli (Haryana).


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