Business & Investment

JK Lakshmi Cement Fourth Quarter Results: Net Profit Up 61% Rs 159

New Delhi: Thursday reported a 61.34 percent increase on a consolidated basis Net income Until the fourth quarter of 159.13 rupees, which ended in March 2021 More volume Improved cost efficiency.

JK Lakshmi Cement (JKLC) said in a regulatory filing that the company posted a profit of Rs 98.63 between January and March a year ago.

Operating revenue increased by 25.22 percent from Rs 1,137.47 in the year-ago quarter to Rs 1,424.32.

“Despite the rise in the price of inputs such as: Petroleum coke, diesel, Fly ash, plaster, JKLC has improved profitability by significantly increasing sales volume, improving realization rates, improving efficiency and improving product mix, “the company said in a post-closing statement.

Total expenses for the fourth quarter of 2020-21 were Rs 1,207.01, an increase of 18.78 percent from the previous Rs 1,016.16.

Net profit of JK Lakshmi Cement for the 2020-21 fiscal year increased 66.49% to Rs 421.12. The previous year was 252.94 rupees.

Operating revenue was Rs 4,727.44, an increase of 8.32 percent compared to Rs 4,364.07 in 2019-20.

“This performance was achieved during a pandemic period when we lost nearly 55 days of production and 40-45 days of sales. This is very satisfying and is a great testament to Team JKLC’s passion and commitment. “Masu,” said Vinita Singhania, vice chairman and managing director of the company. Said.

The board recommends a dividend of 75%. This is Rs 3.75 per share of Rs 5 each for the fiscal year ended March 31, 2021.

Thursday’s share of JK Lakshmi Cement settled at Rs 467.10 BSE, Up 5.10% from the previous closing price.

JK Lakshmi Cement Fourth Quarter Results: Net Profit Up 61% Rs 159

https://economictimes.indiatimes.com/markets/stocks/earnings/jk-lakshmi-cement-q4-results-net-profit-jumps-61-to-rs-159-cr/articleshow/82805325.cms JK Lakshmi Cement Fourth Quarter Results: Net Profit Up 61% Rs 159

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