JK Cement surges on reporting over 7-fold jump in Q3 consolidated net profit
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JK Cement is currently trading at Rs. 4083.75, up by 99.30 points or 2.49% from its previous closing of Rs. 3984.45 on the BSE.
The scrip opened at Rs. 4033.05 and has touched a high and low of Rs. 4107.90 and Rs. 3941.00 respectively. So far 4248 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4209.30 on 20-Jan-2024 and a 52 week low of Rs. 2542.65 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 4209.30 and Rs. 3869.80 respectively. The current market cap of the company is Rs. 30736.54 crore.
The promoters holding in the company stood at 45.70%, while Institutions and Non-Institutions held 39.29% and 15.01% respectively.
JK Cement has reported 5- fold jump in net profit at Rs 289.46 crore for third quarter ended December 31, 2023 as compared to Rs 57.65 crore for the same quarter in the previous year. Total income of the company increased by 19.58% at Rs 2819.99 crore for Q3FY24 as compared Rs 2358.19 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported over 7- fold jump in its net profit at Rs 283.81 crore for third quarter ended December 31, 2023 as compared to Rs 37.15 crore for the same quarter in the previous year. Total income of the company increased by 21.12% at Rs 2973.29 crore for Q3FY24 as compared Rs 2454.81 crore for corresponding quarter of the previous year.
