J K Cements spurts 4% after consolidated net profit rises in Q2

The sales of the company also rose 24% to Rs1,634.40cr in the quarter ended September 2020 as against Rs1,317.63cr during the previous quarter ended September 2019.

Nov 10, 2020 09:11 IST India Infoline News Service

Cement
J K Cements posted a net profit of Rs221.15cr, which was up by 170% in the quarter ended September 2020 as against Rs81.90cr during the previous quarter ended September 2019.

The sales of the company also rose 24% to Rs1,634.40cr in the quarter ended September 2020 as against Rs1,317.63cr during the previous quarter ended September 2019.

The progress on the Waste Heat Recovery Unit III Project at Sirohi is as per the schedule and will be commissioned by Jul. 21 company's subsidiary Udaipur Cement Works Limited is expanding its cement capacity by 2. 5 million tonnes which are likely to be commissioned in Oct-Dec. 23. On completion of this expansion, the consolidated capacity of JKLC and UCWL will enhance to 16.4 million tonnes.

J K Cements Ltd is currently trading at Rs1,896.85, down by Rs9.35 or 0.49% from its previous closing of Rs1,906.20 on the BSE.

The scrip opened at Rs1,974 and has touched a high and low of Rs2,001.40 and Rs1,845 respectively.

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