JK Lakshmi Cement's net profit up 93.94% in Q3 FY24
Thu, Feb 8, 2024 9:47 PM

JK Lakshmi Cement's net profit up 93.94% in Q3 FY24

A Flip by Shubhangi Gupta
Get it on Google Play
JK Lakshmi Cement reported a 93.94% increase in net consolidated profit in the quarter ending in Dec 2023. Company's total income also saw a growth of 9.10%. The board declared an interim dividend of Rs 21 per share and approved raising funds up to Rs 2,500 crore for expansion and growth opportunities. The company achieved high capacity utilization and a subsidiary commissioned a new clinker line.

More great flips

JSW MG Motor inks strategic partnership with HSBC India

JSW MG Motor inks strategic partnership with HSBC India

JSW MG Motor India said on Monday that it has struck a strategic agreement with HSBC India to deliver comprehensive and tailored finance solutions at competitive terms to the carmaker’s dealer partners.  JSW MG Motor India said that by using HSBC India’s experience, the company’s dealer network will have easier access to operating capital.

Open Flip
Power Grid Q2 Preview: Firm likely to see 2% rise in revenue amid slowdown

Power Grid Q2 Preview: Firm likely to see 2% rise in revenue amid slowdown

Power Grid is expected to announce its Q2FY24 earnings on November 6. According to an average of three brokerages, Power Grid is expected to see its net profit for the quarter remain flat, gaining around 0.6% YoY to Rs 3,749 crore. Revenue is expected to increase marginally by around 2 percent to Rs 11,185 crore, and EBITDA margin is also expected to see a marginal increase from 86.9% to 87.4%.

Open Flip
Rupee hits all-time low; check out key factors leading to INR depreciation

Rupee hits all-time low; check out key factors leading to INR depreciation

The rupee declined by 2 paise to reach a historic low of 84.13 against the US dollar during early trading on Tuesday, in anticipation of the US presidential election. Forex traders indicated that the markets are preparing for possible fluctuations in the coming days, particularly with the Federal Reserve’s monetary policy announcement set for later this week.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon