{"id":118883,"date":"2024-02-09T15:40:16","date_gmt":"2024-02-09T10:10:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118883"},"modified":"2024-02-09T15:40:18","modified_gmt":"2024-02-09T10:10:18","slug":"cement-stock-jumps-up-to-9-after-its-net-profits-increases-by-95-yoy-announced-2-dividend","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-jumps-up-to-9-after-its-net-profits-increases-by-95-yoy-announced-2-dividend\/","title":{"rendered":"Cement stock jumps up to 9% after its net profits increases by 95% YoY; Announced \u20b9 2 dividend"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3104360971\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of manufacturers and suppliers of cement gained up to 9 percent after the company\u2019s net profit and revenue increased by 95 percent and 9 percent YoY, respectively in the third quarter and announced an interim dividend of Rs 2 per equity share.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3623498844\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 11,246.32 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JKLAKSHMI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">JK Lakshmi Cement Ltd<\/a><\/strong> were trading at Rs 955.75 per share, increasing around 3.94 percent as compared to the previous closing price of Rs 919.55 apiece.\u00a0<\/p><p>Looking into the company&#8217;s Performance, JK Lakshmi Cement Ltd&#8217;s revenue increased by 8 percent on a quarter-on-quarter basis from Rs.1,575 crores in Q2FY24 to Rs. 1,703 crores in Q3FY24. Further, revenue increased by 9 percent year on year from Rs. 1,562 crore in Q3FY23 to Rs. 1,703 crore in Q3FY24.&nbsp;<\/p><p>JK Lakshmi Cement Ltd&#8217;s net profit increased by 56 percent on a quarter-on-quarter basis from Rs. 96 crore in Q2FY24 to Rs. 150 crore in Q3FY24. Further, net profit increased by 95 percent yearly from Rs 77 crore in Q3FY23 to Rs. 150 crore in Q3FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4291809575\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the company&#8217;s board of directors proposes an interim dividend of Rs 2 per equity share for fiscal year 2023-24.&nbsp;<\/p><p>The Revival &amp; Rehabilitation Project of Udaipur Cement Works Ltd., a material subsidiary of the Company (UCWL), was completed for Rs 825 crore by refurbishing the Clinker line and adding another Cement Mill, increasing the cement capacity to 1.6 million tonnes with a clinker capacity of 1.2 million tons.&nbsp;<\/p><p>The company has strategic plan 4 Expanding our capacity to 30 million tons by 2030 and ranking among the top 5 EBIDTA \/ ton-earning cement companies in the Industry.&nbsp;<\/p><p>JK Lakshmi Cement Limited is an Indian firm that manufactures cement. The company manufactures and supplies cement and cementitious products like ready-mix concrete (RMC) and autoclaved aerated concrete (AAC) blocks, having production sites in Rajasthan, Chhattisgarh, Gujarat, Haryana, Uttar Pradesh, and Odisha.&nbsp;<\/p><p><strong>Written by:- Abhishek singh&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3608438042\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-292036546\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of manufacturers and suppliers of cement gained up to 9 percent after the company\u2019s net profit and revenue increased by 95 percent and 9 percent YoY, respectively in the third quarter and announced an interim dividend of Rs 2 per equity share.&nbsp; With a market capitalization of Rs 11,246.32 crore, the shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13983,16553,13982,948,936],"class_list":["post-118883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jk-lakshmi-cement-latest-news","tag-jk-lakshmi-cement-q3-resuts-fy24","tag-jk-lakshmi-cement-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cement stock jumps up to 9% after its net profits increases by 95% YoY; Announced \u20b9 2 dividend - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of manufacturers and suppliers of cement gained up to 9 percent after the company\u2019s net profit and revenue increased by 95 percent and 9 percent YoY, respectively in the third quarter and announced an interim dividend of Rs 2 per equity share.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cement-stock-jumps-up-to-9-after-its-net-profits-increases-by-95-yoy-announced-2-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement stock jumps up to 9% after its net profits increases by 95% YoY; 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