The management said the company's concerted efforts in improving product mix, market optimisation, enhancing the premium products sales, reduction in logistic costs and improvement in plant efficiency parameters enabled Company to post better returns. The softening of pet coke prices also helped it to improve its margins, it added.
The company’s sales at Rs 1,061 crore in the quarter were lower as compared to Rs 1,172 crore in the corresponding quarter of previous year because of the lockdown in the last 10 days of the month.
At 11:01 am, JK Lakshmi Cement
was trading 6 per cent higher at Rs 212 on the BSE, as compared to a 0.76 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 1.5 million equity shares changing hands on the NSE and BSE.