JK Lakshmi Cement share price rises 7% post Q4 results, dividend announcement
₹830 , rose to highs of ₹852.85 on the NSE, on Friday , marking gains of more than 7%JK Lakshmi Cement consolidated Net profit came in at ₹159.85 Crore rising 41% year-on-year and was ahead of analysts estimates. Analysts at Motilal Oswal Financial Services estimated Net profit at around ₹140 Crore.The beat in net profit that helped drive JK Lakshmi Cement share price, was driven by strong operating performance.
The per tonne profitability or Ebitda per tonne rose 43% YoY to ₹1,032 much above ₹852 estimated by MOFSL. Ebitda stands for Earnings before interest tax depreciation and amortisation.
This beat was led by strong improvement in operating performance as sales volume at 3.26 million tonne just rose 1% year-on-year. (more to come) Milestone Alert!
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