JK Lakshmi Cement soars 11% on strong March quarter results

The company's profit before tax more than doubled to Rs 131 crore in Q4, against Rs 57.4 crore in the previous year quarter.

Shares of JK Lakshmi Cement soared 11 per cent to Rs 221 on the BSE on Thursday on the back of heavy volumes after it reported a more-than-double profit before tax (PBT) at Rs 131 crore for March quarter (Q4FY20), on the back of strong operational performance. It had PBT of Rs 57.40 crore in the same quarter last fiscal.

The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) during the quarter rose 51.6 per cent to Rs 224.5 crore against Rs 148.1 crore in the year-ago quarter. EBITDA margin improved to 21.1 per cent from 12.63 per