JK Lakshmi Cement’s revenue rose to Rs. 1,599.83 crore during its quarter operations, it is an increase of 12.32 per cent as against Rs 1,424.32 crore in the year-ago period.
Official sources from JK Lakshmi Cement on Wednesday reported a profit of Rs. 188.36 crore which is an increase of 18.36 per cent for the fourth quarter ended in March 2022. The company clocked high profit due to improvement in operational efficiencies and higher volume. In January-March quarter last year, the company had posted a profit of Rs 159.13 crore.
JK Lakshmi Cement’s revenue rose to Rs. 1,599.83 crore during its quarter operations, it is an increase of 12.32 per cent as against Rs 1,424.32 crore in the year-ago period.
“Despite unabated increase in Petcoke and diesel prices which are hovering at all-time high, JKLC could achieve healthy profitability by continuous improvement in operational efficiencies, energy cost, better product mix and higher volume,” Official statement.
Total expenses for JK Lakshmi Cement stood at Rs 1,367.69 crore as against Rs 1,207.01 crore in Q4/FY 2021-22 up by 13.31 per cent.
For the fiscal year ended March 2022, JK Lakshmi Cement has reported an increase of 13.40 per cent in its consolidated net profit of Rs 477.58 crore. It had reported a net profit of Rs 421.12 crore in the previous year.
Its revenue from operations was Rs 5,419.89 crore in 2021-22. This is 14.64 per cent higher than Rs 4,727.44 crore in the same period a year ago.
Meanwhile, in a separate filing JK Lakshmi Cement said its board in a meeting held on Wednesday recommended a 100 per cent dividend of Rs 5/- per Equity Share of Rs 5 each for the Financial Year ended on March 21, 2022.
Share of JK Lakshmi Cement Ltd on Wednesday settled at Rs 393.80 on BSE, down 0.29 per cent from the previous close.
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