Revenue grew 31.4 percent to Rs 600.4 crore in the quarter ended June 2014 from Rs 456.9 crore in corresponding quarter of last fiscal.
JK Lakshmi Cement has reported a 157.3 percent growth in net profit at Rs 40.4 crore in April-June quarter (Q1FY15), which was slightly lower than analysts' expectations but the rest of numbers were higher than forecast. Net profit in the year-ago period was Rs 15.7 crore. The growth in bottomline was led by strong revenue and operating performance.
According to CNBC-TV18 poll estimates, analysts had expected the cement company to report net profit of Rs 44.9 crore on revenue of Rs 580 crore for the quarter.
Revenue grew 31.4 percent to Rs 600.4 crore in the quarter ended June 2014 from Rs 456.9 crore in corresponding quarter of last fiscal.
Operating profit jumped 61.4 percent on yearly basis to Rs 113 crore and margin expanded by 350 basis points year-on-year to 18.9 percent during April-June quarter, which both were higher than analysts' expectations of Rs 105 crore and 18.1 percent, respectively.
The share price of JK Lakshmi Cement, which announced earnings after market hours, closed at Rs 220.55, down 1.58 percent on the Bombay Stock Exchange.
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