JK Lakshmi Cement net profit rises 62 percent

Mumbai, May 29 (IANS) JK Lakshmi Cement said Wednesday its net profit rose 62 percent to Rs.175.74 crore for the financial year ended March 31, helped by higher sales volume.

The company’s net sales jumped 20 percent to Rs.2,055 crore in the financial year 2012-13.

JK Lakshmi Cement managing director Vinita Singhania said in a statement that the “healthy improvement” in profit was largely due to higher sales volume growth, improved realisation and all-round improvement in efficiencies.

The company’s board of directors have recommended dividend of Rs.2.50 per equity share of Rs.5.

“The said dividend, if declared by the members at the AGM, will be credited/ dispatched between Aug 7, 2013 and Aug 19, 2013,” a company statement said.

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