Comments
Shares of JK Lakshmi Cement on Thursday jumped nearly 11 per cent after the company reported over two-fold jump in consolidated net profit for the fourth quarter ended on March 2020.
The stock advanced 10.75 per cent to Rs 220.80 on BSE, and surged 9.17 per cent to Rs 217.80 on NSE.
The company on Wednesday reported more than two-fold jump in consolidated net profit to Rs 98.63 crore for the fourth quarter ended on March 2020, helped by cost reductions.
The company had posted a profit of Rs 39.38 crore in January-March period a year ago, it said in a regulatory filing.
However, its revenue from operations during the quarter was down 11.08 per cent at Rs 1,137.47 crore as against Rs 1,279.33 crore in the year-ago period.
The company’s concerted efforts in improving product mix, market optimisation, enhancing the premium products sales, reduction in logistic costs and improvement in plant efficiency parameters enabled the company to post better returns, JK Lakshmi Cement said in a statement.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.