Mid Cap Cement Company Declares 45% Decline In Net Profit, Rs 15/Share Dividend

Mid cap cement sector company, JK Cement Ltd on Saturday announced a fall of 44.81% in its net consolidated profit for the quarter ended March 31, 2023. Board of directors of the company declared dividend of Rs 15 per equity share (i.e. 150%) for the FY 2022-23. Last trading price of JK Cement share is Rs 3027.00 per share with intraday gain of 1.80%. Check details below:

JK Cement Ltd Declares Dividend: According to the BSE filing of JK Cement Ltd, "Recommended Dividend at the rate of Rs.15 per equity share (i.e. 150%) of Rs. 10 each (fully paid up) for the Financial Year 2022-23 for the approval by the Shareholders at the 29th Annual General Meeting of the Company."

JK Cement Stock Performance & Return: Last trading price of JK Cement share is Rs 3027.00 per share on NSE. Its 52-week high price is Rs 3262.20 per share and 52-week low price is Rs 2003.70 per share, respectively. Its market capitalisation is Rs 23,239.97 crore. JK Cement stock gave return of 8% in last 3-months, 27% return in last 1-year, and 157% return in last 3-years.

JK Cement Q4: The company declared its profit after tax at Rs 110.08 crore for q4 of FY 2023 as against Rs 199.44 crore announced in the corresponding quarter of last year, according to its BSE filing. Its net consolidated total income declared at Rs 2815.84 crore for fourth quarter of FY 2023, up 18% from Rs 2392.98 crore reported in the corresponding quarter of last year.

JK Cement About: JK Cement Ltd. is one of India's leading manufacturers of Grey Cement and one of the leading White Cement manufacturer in the World. Over four decades, the Company has partnered India's multi-sectoral infrastructure needs on the strength of its product excellence, customer orientation and technology leadership. JK Cement's operations commenced with commercial production at its flagship grey cement unit at Nimbahera, Rajasthan in May 1975, according to its official website.