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JK Lakshmi Cement has gained over 2% at Rs 396 on the BSE after the company reported 31.15% rise in net profit to Rs 18.48 crore on 10.15% rise in total income to Rs 562.63 crore in Q3 December 2014 over Q3 December 2013.
The stock hit a high of Rs 400 and a low of Rs 394.10 so far during the day. The stock hit a record high of Rs 430 on 21 January 2015.
JK Lakshmi Cement's operating profit rose 15% to Rs 82.1 crore in Q3 December 2014 over Q3 December 2013. The company could achieve this through volume growth of 6% in its production and sales.
After providing for interest and depreciation, the company's profit before tax (PBT) before exceptional item surged 81.35% to Rs 32.1 crore in Q3 December 2014 over Q3 December 2013.
The company as a matter of abundant caution provided Rs 10 crore as an exceptional item towards the demand notice of sales tax department. The company believes it has strong case and matter would be decided in its favour, JK Lakshmi Cement said.
