JK Lakshmi Cement, Force Motors Declare Strong Q2 Results

JK Lakshmi Cement, Force Motors Declare Strong Q2 ResultsJK Lakshmi Cement reported strong performance during second quarter of current financial year. The stock was trading 5 per cent higher and touched 52-week high in today's trade. The company reported Q2 net profit at Rs 50 crore compared to Rs 6.5 crore during same quarter last year. Sales were higher at Rs 491 crore compared to Rs 354 crore. ACC and UltraTechCement were marginally higher while Ambuja Cements was trading lower.

Force Motors reported marginally lower Q2 sales at Rs 489 crore compared to Rs 504 crore during same period last year. The company reported higher net profit at Rs 19 crore compared to Rs 4 crore. The stock was up by 6.5% on BSE at Rs 448 and touched intraday high of Rs 458.

L&T Finance declared Rs 143 second quarter profit compared to Rs 124 crore. The income from operations went up to Rs 935 crore compared to Rs 725 crore during Q2.

South Indian Bank reported marginal rise in net profit at Rs 97 crore compared to Rs 95 crore. The stock was down by 5% on NSE on back of high volumes.

Bajaj Auto reported Q2 net profit of Rs 741 crore compared to Rs 726 crore. Rajiv Bajaj, MD Bajaj Auto expressed positive sentiments over the sales during festive season. The company reported lower sales during Q2 of current financial year compared to previous year quarter. The stock was trading higher.