JK Lakshmi Cement’s share price surged by more than 5% following the release of its Q4 results after market hours on Thursday.
The company reported a consolidated net profit of Rs 157.01 crore for the quarter ending March 31, 2024. This marks a 42.7% increase from Rs 110.03 crore in the same period last year. Sequentially, the profit rose by 9.2% from Rs 143.67 crore in Q3.
However, the company’s consolidated revenue from operations saw a slight decline of 4.4% to Rs 1,780.85 crore in Q4 compared to Rs 1,862.07 crore in the previous year. Sequentially, revenue increased by 4.6% from Rs 1,702.84 crore in Q3.
As of 10:00 am the shares were trading 2.98% higher at ₹818.05 on NSE.
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JK Lakshmi cement