JK Cement hardens on robust Q4 earnings
EBITDA margins improved strongly from 20.43% to 26.57% during the recently concluded quarter.
JK Cement has soared over 10% at Rs 139 on reporting a healthy 50% year-on-year (y-o-y) surged in net profit at Rs 80.34 crore for the quarter ended March, on back of higher realization and rise in other income.
Net sales grew 21% at Rs 806 crore, while income from other sources jumped over three-fold at Rs 19 crore on y-o-y basis. EBITDA (earnings before interest, taxes, depreciation, and amortization) margins improved strongly from 20.43% to 26.57% during the recently concluded quarter.
Meanwhile, the board of directors of cement maker has recommended a dividend of Rs 5/- per equity share on face value of Rs 10 for the financial year ended on March 31, 2012.
As many as a combined 66,786 shares have already changed hands on the counter till early noon deals, against an average less than 20,000 shares that were traded daily in past two weeks on the NSE and BSE.