JK Lakshmi Cement shares rally over 9 per cent after Q4 earnings
PTI
New Delhi |
Updated on
May 21, 2021
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The company posted a 61 per cent increase in consolidated net profit at Rs 159 crore in the fourth quarter Shares of JK Lakshmi Cement on Friday zoomed over 9 per cent after the company reported a 61.34 per cent increase in consolidated net profit for the fourth quarter ended March 2021. The stock gained 9.14 per cent to Rs 509.80 its 52-week high on the BSE. On the NSE, it jumped 9.48 per cent to its 52-week high of Rs 510. JK Lakshmi Cement on Thursday reported a 61.34 per cent increase in consolidated net profit at Rs 159.13 crore for the fourth quarter ended March 2021, helped by higher volumes and improved cost efficiencies.