Thursday, May 15, 2008

JK Lakshmi Cement builds on good Q4 results

JK Lakshmi Cement rose 2.14% to Rs 109.70 at 11:23 IST on BSE after it reported 11.18% growth in net profit to Rs 67.63 crore on 10.68% growth in net sales to Rs 291.35 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 113 and a low of Rs 108.60 so far during the day. The stock had a 52-week high of Rs 221 on 17 December 2007 and the stock hit a 52-week low of Rs 99.50 on 24 March 2008.

The company’s current equity is Rs 57.08 crore. Face value per share is Rs 10.

The current market price of Rs 109.7 discounts its Q3 December 2007 annualised EPS of Rs 42.81 by a PE multiple of 2.56.

The net profit rose 25.58% to Rs 223.67 crore on 31.27% growth in sales to Rs 1107.66 crore in the year ended March 2008 over the year ended March 2007.

JK Lakshmi Cement, formerly known as JK Corporation, manufactures and markets cement in India

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