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JK cement shines on reporting 55% rise in Q4 net profit

JK Cement is currently trading at Rs. 986.75, up by 79.85 points or 8.80% from its previous closing of Rs. 906.90 on the BSE.

The scrip opened at Rs. 906.80 and has touched a high and low of Rs. 994.00 and Rs. 906.80 respectively. So far 7094 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 994.00 on 21-May-2018 and a 52 week low of Rs. 650.00 on 29-Oct-2018.

Last one week high and low of the scrip stood at Rs. 994.00 and Rs. 827.10 respectively. The current market cap of the company is Rs. 7315.37 crore.

The promoters holding in the company stood at 58.07%, while Institutions and Non-Institutions held 34.75% and 7.18% respectively.

JK cement has reported a rise of 55.49% in its net profit at Rs 149.97 crore for the quarter ended March 31, 2019 as compared to Rs 96.45 crore for the same quarter in the previous year. Total income of the company increased by 11.51% at Rs 1,526.87 crore for quarter under review as compared to Rs 1,369.26 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a marginal fall of 4.96% in its net profit at Rs 324.90 crore as compared to Rs 341.87 crore for the previous year. However, total income of company increased marginally by 3.59% at Rs 5,061.21 crore for year under review as compared to Rs 4,885.82 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 7.69% in its net profit at Rs 263.63 crore as compared to Rs 285.59 crore for the previous year. However, total income of company increased marginally by 3.70% at Rs 5,339.06 crore for year under review as compared to Rs 5,148.61 crore for year ended March 31, 2018.

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