Shares of JK Lakshmi Cement settled 5.63 percent higher at Rs 493.40 each on the BSE.Share price of JK Lakshmi Cement rallied more than six per cent on Friday, May 21, a day after the company announced its January-March quarter results for the fiscal year 2020-21.
On Friday, JK Lakshmi Cement opened on the BSE at Rs 5472, swinging to an intra day high of Rs 513.90, and an intra day low of Rs 472.
According to a regulatory filing by the company to the stock market, JK Lakshmi Cement reported a net revenue of Rs 159.13 crore on a consolidated basis in the March quarter of the financial year 2020-21.
JK Lakshmi Cement reported a net revenue of Rs 98.63 crore in the matching quarter in the previous , marking a 61.34 per cent growth in revenue on a year-on-year basis.
The business's revenue from operations grew 25.22 per cent to Rs 1,424.32 crore in the fourth quarter of financial 2020-21, compared to Rs 1,137.47 crore in the year-ago duration.
The total expenditures of the business stood at Rs 1,207.01 crore throughout the March quarter, compared to Rs 1,016.16 crore in the year-ago period.
According to the statement, JK Lakshmi Cement's board suggested a dividend of 75 per cent - Rs 3.75 per cent per equity share of Rs 5 each for the financial year 2020-21.
On the NSE, JK Lakshmi Cement opened at Rs 481, witnessing an intra day high of Rs 513.80, and an intra day low of Rs 481, throughout the trading session on Friday.
It settled 4.98 per cent greater at Rs 489 each on the NSE.Shares of JK Lakshmi Cement settled 5.63 percent greater at Rs 493.40 apiece on the BSE.