JK Cement surged 11% to Rs 1,194, also its tape high on BSE inwards early on morn trade, later on the companionship reported a potent 30% growth inwards its standalone internet turn a profit at Rs 91 crore for the quaternary quarter ended March 2017 (Q4FY17). The companionship had turn a profit of Rs lxx crore inwards the same quarter year ago.
Net sales of the companionship during quarter nether review increased 7.7% at Rs 1,019 crore against Rs 946 crore inwards the corresponding quarter of previous fiscal. Earnings earlier interest, tax, depreciation too amortization (EBITDA) margin improved to 22.3% from 20.8% inwards previous twelvemonth quarter.
The board of directors of the companionship has decided to expand the wall putty production capacity from existing two lakhs M.T. per annum to 4 lakhs MT per annum at J.K.White, Katni.
“The board also took complaint of increment inwards clinker production capacity past times 3.30 lakhs tons per annum inwards Rajasthan grayness cement plants past times cooler modification too de-bottlenecking/up-gradations alongside the full terms of simply about Rs l crore. With this the overall grayness cement clinker capacity of Rajasthan plants stands increases to 54.45 lakh tons per annum,” JK Cement said inwards a statement.
Meanwhile, the board has recommended a dividend of Rs 8 per equity portion for the financial twelvemonth ended on 31.03.2017.
At 9:41 am; the stock was upward 6% at Rs 1,138 on BSE every bit compared to 0.46% rising inwards the S&P BSE Sensex. Influenza A virus subtype H5N1 combined 175,696 shares changed hands on the counter on BSE too NSE too then far.
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