 "JK Cement hits record high on Q2 turnaround")
JK Cement has rallied 7% to Rs 643 after reporting a net profit of Rs 32.32 crore in September 2014 quarter (Q2), on back of improved volume and better realization. The company had a loss of Rs 21.45 crore in the same quarter last fiscal.
Net sales of the company grew 33% to Rs 828 crore during the July-September quarter of the current fiscal from Rs 623 crore a year ago.
Operating profit for the quarter jumped more than two-fold to Rs 90.40 crore from Rs 40.56 crore in the corresponding quarter of previous year. EBITDA margin improved to 10.88% from 6.48% a year ago.
The stock opened at Rs 621 and touched a record high of Rs 660 on BSE. A combined 141,295 shares changed hands on the counter till 1020 hours on BSE and NSE.
Net sales of the company grew 33% to Rs 828 crore during the July-September quarter of the current fiscal from Rs 623 crore a year ago.
Operating profit for the quarter jumped more than two-fold to Rs 90.40 crore from Rs 40.56 crore in the corresponding quarter of previous year. EBITDA margin improved to 10.88% from 6.48% a year ago.
The stock opened at Rs 621 and touched a record high of Rs 660 on BSE. A combined 141,295 shares changed hands on the counter till 1020 hours on BSE and NSE.