JK Lakshmi Cement rose 4.5% to Rs 180.15 at 10:01 IST on BSE after net profit after adjusting for exceptional item and tax surged 59% to Rs 52.91 crore on 21% growth in turnover to Rs 721.55 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced after market hours Thursday, 22 May 2014.
Meanwhile, the S&P BSE Sensex was up 260.28 points or 1.07% at 24,634.68.
On BSE, so far 66,000 shares were traded in the counter as against average daily volume of 1.13 lakh shares in the past two weeks.
The stock hit a high of Rs 188.60 and a low of Rs 177.25 so far during the day.
JK Lakshmi Cement said that the top line in Q4 March 2014 was aided by higher realization and volumes.
JK Lakshmi Cement said it has provided Rs 18.50 crore as exceptional item for old dues under litigation. The profit after tax (PAT) went up almost 4 times in comparison to Q3 December 2013, the company said in a statement.
Smt. Vinita Singhania, Vice Chairman & MD has expressed satisfaction on the substantial improved working in the quarter and satisfactory progress of the expansion plans.
JK Lakshmi Cement manufactures cement, which it sells under the brand name JK Lakshmi.
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