J K Cement shares surge nearly 4% on strong Q1 results

By Aditya Bhagchandani Published on July 22, 2024, 11:10 IST

J K Cement shares surged nearly 4% after the company announced strong financial results for the first quarter of FY25.

Key Financial Results

– Revenue: ₹28.5 billion, up 3.2% from Q1 FY24.
– Net Income: ₹1.85 billion, up 62% from Q1 FY24.
– Profit Margin: 6.5%, up from 4.2% in Q1 FY24.
– EPS: ₹23.98, up from ₹14.84 in Q1 FY24.

J K Cement reported a consolidated net profit of ₹184.82 crore for the quarter ended June 2024, a 67% increase from ₹110.73 crore in the same period last year. The company’s revenue from operations slightly increased to ₹2,807.57 crore from ₹2,762.63 crore.

Total expenses remained flat at ₹2,579.14 crore. The total income for the quarter rose to ₹2,852.31 crore, up 2.07%.

As of 11:05 AM, J K Cement shares were trading 3.63% higher at ₹4,440.05 on NSE.

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Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.