JK Lakshmi Cement surges 7%, nears record high on healthy Q4 results

The company said it has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc

Shares of JK Lakshmi Cement surged 7 per cent and hit a fresh 52-week high of Rs 499.70 on the BSE in intra-day trade on Friday after the company reported 37 per cent year-on-year (YoY) jump in March quarter (Q4FY21) standalone net profit at Rs 138.27 crore, on the back of healthy operational performance. It had a profit of Rs 101.21 crore in Q4FY20. The stock was trading close to its record high level of Rs 535, touched on May 17, 2017.

The company’s revenue from operations grew 24.6 per cent YoY at Rs 1,322 crore. Ebitda (earnings before