JK Cement inches up despite reporting 38% fall in Q1 net profit

31 Jul 2018

JK Cement is currently trading at Rs. 771.80, up by 0.10 points or 0.01% from its previous closing of Rs. 771.70 on the BSE.

The scrip opened at Rs. 771.50 and has touched a high and low of Rs. 776.55 and Rs. 770.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1193.95 on 22-Jan-2018 and a 52 week low of Rs. 750.00 on 23-Jul-2018.

Last one week high and low of the scrip stood at Rs. 810.00 and Rs. 755.00 respectively. The current market cap of the company is Rs. 5419.36 crore.

The promoters holding in the company stood at 64.16%, while Institutions and Non-Institutions held 27.12% and 8.71% respectively.

JK Cement has reported fall of 37.84% in its net profit at Rs 49.32 crore for first quarter ended June 30, 2018, as compared to Rs 79.34 crore for the same quarter in the previous year. Total income of the company decreased by 7.80% at Rs 1,131.36 crore for Q1FY19 as compared Rs 1,227.07 crore for the corresponding quarter previous year.

JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.

Related JK Cement Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323