INSUBCONTINENT EXCLUSIVE:
NEW DELHI: JK Lakshmi Cement's standalone net profit more than doubled to Rs 96.45 crore for the fourth quarter ended March 2018, helped by
lower tax expenses.
The company had posted a net profit of Rs 42.57 crore in the same quarter of the previous fiscal.
Its total revenue
during the quarter under review stood at Rs 1,369.25 crore
It was Rs 1,255.27 crore in the year-ago period, JK Lakshmi Cement said in a BSE filing.
During the quarter under review, the company
reported tax expense of Rs 26.53 crore as against Rs 74.58 crore in the corresponding quarter a year ago.
For the fiscal ended March 31,
2018, the company posted a standalone net profit of Rs 341.87 crore
It had posted a net profit of Rs 210.78 crore in 2016-17.
Total revenue for FY18 was at Rs 4,885.82 crore as compared to Rs 4,479.15 crore
in FY17.
The board of directors has recommended a dividend of Rs 10 per equity share for the financial year ended on March 31, 2018.
The
board of the company has also decided to raise up to Rs 500 crore by issue of secured/redeemable non-convertible debentures in one of more
series/tranches on private placement basis.
