J K Lakshmi Cement, JK Paper & KEC Q3 results

CORPORATE SCORECARD

J K Lakshmi Cement net up

J K Lakshmi Cement net profit rose to Rs 11.33 crore for the quarter ended December 2005 as against Rs 16 lakh in the corresponding quarter of the previous year.

Net sales recorded growth of 29 per cent at Rs 152.86 crore as against Rs 118.23 crore in the year-ago period.

JK Paper net dips 11%

JK Paper posted net profit fell 11.15 per cent at Rs 9.48 crore for the quarter ended December 2005 as compared with Rs 10.67 cr in the corresponding quarter last year.

Operating profit, however, rose 18 per cent to Rs 33.7 crore over the last corresponding quarter's figures. Profit before tax increased by 30 per cent to Rs 14.6 crore against the corresponding period last year. Sales were higher by 14 per cent at Rs 203 crore for the quarter.

Profit before tax for the half year was up by 46 per cent at Rs 27 crore over the last corresponding period. EPS for the half year stood at Rs 2.95. The company, under its growth plans, will raise Rs 100 crore by preferential issue of equity shares amounting to Rs 50 crore each to International Finance Corporation, Washington, and the promoter group at a price of Rs 65 per share.

KEC net up 80% to Rs 17.67 cr

Infrastructure company KEC International reported net profit of Rs 17.67 crore for the quarter ended December 2005, up 80.12 per cent compared with Rs 9.81 in the corresponding quarter of the previous year.

Net sales stood at Rs 457.53 for the quarter, a growth of 69.43 per cent compared with Rs 270.03 crore reported in the previous corresponding period.