JK Cement shares surge as new grinding unit boosts capacity

In the morning trade on November 28, JK Cement witnessed a modest half-percent gain in its shares following the operationalization of a new 1.5-million-tonne-per-year grinding capacity. This development took place at JK Cement’s unit, JK Cement Works, Ujjain, as part of its expansion strategy in Madhya Pradesh.

The newly established grinding unit contributes to the company’s enhanced manufacturing capabilities, reflecting JK Cement’s commitment to strengthening its foothold in the cement industry.

Advertisement

Noteworthy financial strides accompanied this operational advancement, with JK Cement posting a consolidated profit of Rs 178.1 crore, marking a substantial 58.5 percent increase compared to the previous year. The company’s robust operating performance contributed to a commendable 23 percent year-on-year growth in consolidated revenue from operations, reaching Rs 2,753 crore for the corresponding quarter in the previous fiscal year.

As of 10:14 am, JK Cement’s shares sustained a positive trajectory, trading 0.45% higher at ₹3,544.10, aligning with the market’s acknowledgment of the company’s strategic expansion and impressive financial performance.