JK Lakshmi Cement experienced a significant surge of nearly 7 percent in early trade on November 3, following the company’s stellar financial performance in the July-September quarter of the current financial year.
The company reported a remarkable 55 percent year-on-year growth in consolidated profit, amounting to Rs 96 crore, attributed to higher volumes, improved product and sales mix, and reduced fuel costs, as stated in the filing on November 2.
The revenue also witnessed a substantial increase of 14.6 percent, reaching Rs 1,574.5 crore, driven by a notable rise in sales volume, which grew by 13.8 percent to 28.78 lakh tonnes.
The impressive financial results underscored JK Lakshmi Cement’s ability to leverage operational efficiency and market demand, leading to strong investor confidence.
At 2:56 pm, the company’s stock was actively trading at Rs 717.00 on the National Stock Exchange, reflecting a significant increase of 6.35 percent from the previous close.
