JK Lakshmi Cement Share Price Spikes After Q4 Revenue, Profit Up
The company's net profit saw a rise of 17%, amounting to Rs 183.54 crore versus Rs 157.01 crore.
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JK Lakshmi Cement Ltd.'s share price spiked over 2% following the announcement of its fourth quarter results. The company reported a 6.6% increase in revenue, reaching Rs 1,897.62 crore, compared to Rs 1,780.85 crore in the same period last year.
Earnings before interest, taxes, depreciation, and amortisation rose by 4% to Rs 351.20 crore from Rs 336.52 crore. The Ebitda margin slightly decreased to 18.5% from 18.9%.
Meanwhile, net profit saw a rise of 17%, amounting to Rs 183.54 crore versus Rs 157.01 crore.
JK Lakshmi Cement, a prominent player in the Indian cement industry was established in 1982, the company has grown steadily, expanding its production capacity and market presence.
The company's product portfolio includes a range of cement types catering to various construction needs. Headquartered in New Delhi, JK Lakshmi Cement operates several manufacturing plants across India.
JK Lakshmi Cement Share Price
The scrip rose as much as 2.25% to Rs 885 apiece. It pared gains to trade 0.76% higher at Rs 872.10 apiece, as of 09:37 a.m. This compares to a 0.25% decline in the NSE Nifty 50.
It has risen 9.31% in the last 12 months. Total traded volume so far in the day stood at 7.3 times its 30-day average. The relative strength index was at 62.
Out of 21 analysts tracking the company, 12 maintain a 'buy' rating, six recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 0.2%.
