JK Lakshmi Cement soars on reporting eight-fold jump in Q2 net profit

23 Oct 2012

JK Lakshmi Cement is currently trading at Rs. 127.60, up by 2.85 points or 2.28% from its previous closing of Rs. 124.75 on the BSE.

The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 131.00 and Rs. 123.80 respectively. So far 185088 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 131.00 on 23-Oct-2012 and a 52 week low of Rs. 36.60 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 131.00 and Rs. 114.15 respectively. The current market cap of the company is Rs. 1500.29 crore.

The promoters holding in the company stood at 45.95% while Institutions and Non-Institutions held 17.80% and 35.62% respectively. 

JK Lakshmi Cement has reported results for second quarter ended September 30, 2012. 

The company has registered about eight fold jump in its net profit at Rs 50.88 crore for the quarter ended September 30, 2012 as compared to Rs 6.49 crore for the same quarter in the previous year. Total income has increased by 38.76% at Rs 491.41 crore for quarter under review as compared to Rs 354.14 crore for the quarter ended September 30, 2011.

The company is engaged in the manufacturing of grey cement at its plants located at Sirohi, Rajasthan, with an installed capacity of 4.2 million tonnes per annum (mtpa), and at Kalol, Gujarat, with an installed capacity of 0.55 mtpa as on March 31, 2012.

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