JK Cement Q4 net profit up 77%, revenue increases to RS 3,343 crore

JK Cement Ltd reported a positive set of earnings for the fourth quarter on Saturday, March 24.

 

The company's net profit in the March quarter was up 77% at RS 417.3 crore compared to RS 236 crore in the previous fiscal.

 

Its revenue increased 13.7% to RS 3,343 crore from RS 2,939 crore in the fourth quarter of the last fiscal.

 

 

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) was at RS 736.6 crore in the fourth quarter. This was 34.5% more than the RS 547.5 crore it reported in the same period of the previous fiscal.

 

JK Cement's margin too expanded to 22.03% from 18.63% in the year-ago period.

 

Shares of JK Cement ended 0.26% higher at RS 5,107 apiece on Friday, May 23. The stock has gained 21.15% in the last six months.