/ Weak Q4 Earnings : JK Lakshmi Cement Tanks Over 7% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 18 May 2017

JK Lakshmi Cement during Thursday’s trading session dipped 7.5% as the company posted its weak fourth quarter earnings on Wednesday’s post market hours.

JK Lakshmi Cement reported a 19.4% decline in standalone net profit at Rs 20.85 crore for the fourth quarter ended March 31, 2017, hurt by an increase in input costs.

The company in its filing to the exchanges also added that the board of directors have recommended a dividend of Rs 0.75 per equity share for the financial year ended March 31, 2017.

The stock has delivered nearly 40% returns in a period of one year and has outperformed the BSE Midcap index over the same time period.

JK Lakshmi Cement is a manufacturer of cement. It offers cement under JK Lakshmi Pro+ Cement, JK Lakshmi Cement, JK Lakshmi Power Mix, JK SmartBlox, JK GypGold and JK Lakshmiplast brands.

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