Annual Report 2007-2008 of JK Lakshmi Cement Limited

It is a broadly described annual report of JK Lakshmi Cement Limited in the year of 2007-2008. During the financial year, Total assets of the Company stood at Rs. 1350.26 Crore. The Company has achieved a higher turnover of Rs. 1286 Crore, against Rs. 971 Crore in the previous year, an increase of 32%. Company’s profitability has significantly improved with Operating Profit (PBIDT) rising to Rs. 357.97 Crore representing a growth of 38% over the previous year. The Company achieved a profit before tax and depreciation of Rs. 357.97 Crores (Previous year Rs. 259.29 Crores). Net Profit (PAT) for the year is Rs. 223.67 Crore against Rs. 178.11 Crore in the previous year, up by 26%. Earnings per share (EPS) of the Company for the year was at Rs. 53.36. During the year, the Company allotted 41,02,500 fully paid Equity shares of Rs. 10/- each at a price of Rs. 97.50 (including a premium of Rs. 87.50) per share.

The Board of Directors of the Company has recommended a final dividend of @15% (Rs. 1.50 per Equity Share) on Equity Share Capital of Rs. 61.18 Crore (6,11,79,462 fully paid Equity Shares of Rs. 10/- each), thus, making a total dividend of @25% for the year 2007-2008 as against @10% in the previous year.

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