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JK Cement hits record high on good Q4 results, capacity expansion plan

The stock surged 11% to Rs 1,194, also its record high on BSE in early morning trade

Shree Cement: Compelling but expensive growth story

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Last Updated : May 15 2017 | 9:48 AM IST

JK Cement surged 11% to Rs 1,194, also its record high on BSE in early morning trade, after the company reported a strong 30% growth in its standalone net profit at Rs 91 crore for the fourth quarter ended March 2017 (Q4FY17). The company had profit of Rs 70 crore in the same quarter year ago.

Net sales of the company during quarter under review increased 7.7% at Rs 1,019 crore against Rs 946 crore in the corresponding quarter of previous fiscal. Earnings before interest, tax, depreciation and amortization (EBITDA) margin improved to 22.3% from 20.8% in previous year

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