 "JK Lakshmi Cement hits record high as Q2 profit trebles")
JK Lakshmi Cement has rallied 5% to Rs 378 on National Stock Exchange (NSE) after reporting nearly three-fold jump in net profit at Rs 30.61 crore in September 2014 quarter (Q2), on back of improved volume and better realization. The company had profit of Rs 10.30 crore in the same quarter last fiscal.
Net sales of the company grew 13% to Rs 638 crore during the July-September quarter of the current fiscal from Rs 501 crore a year ago.
"These improved volumes and better realisation aided the company's operating profit to rise to Rs 90.34 crore in the July-September quarter against Rs 64.84 in the corresponding quarter of the previous year," the company said.
The stock opened at Rs 371 and touched a record high of Rs 383 on NSE. A combined 501,003 shares changed hands on the counter till 1220 hours on NSE and BSE.
Net sales of the company grew 13% to Rs 638 crore during the July-September quarter of the current fiscal from Rs 501 crore a year ago.
"These improved volumes and better realisation aided the company's operating profit to rise to Rs 90.34 crore in the July-September quarter against Rs 64.84 in the corresponding quarter of the previous year," the company said.
The stock opened at Rs 371 and touched a record high of Rs 383 on NSE. A combined 501,003 shares changed hands on the counter till 1220 hours on NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%