Meanwhile, the BSE Sensex was up 188.72 points, or 0.78%, to 24,527.15.

On BSE, so far 7,972 shares were traded in the counter, compared with an average volume of 6,080 shares in the past one quarter. The stock hit a high of Rs 264 so far during the day. The stock hit a low of Rs 258.35 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 409.80 on 26 June 2015. The stock had underperformed the market over the past one month till 4 February 2016, sliding 18.94% compared with 5.01% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 26.02% as against Sensex's 8.34% fall.

The mid-cap company has an equity capital of Rs 58.84 crore. Face value per share is Rs 5.

JK Lakshmi Cement's net sales rose 16.6% to Rs 648.28 crore in Q3 December 2015 over Q3 December 2014.

JK Lakshmi Cement reported volume growth of 20% in Q3 December 2015 over Q3 December 2014. Gross sales stood at Rs 728.29 crore in Q3 December 2015 as against Rs 723.30 crore in Q2 September 2015 and Rs 617.91 crore in Q3 December 2014. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 82.62 crore, an improvement of about Rs 10 crore over Q2 September 2015 and about same at Rs 82.10 crore in Q3 December 2014.

The company's profitability suffered due to additional burden of interest and depreciation on account of commissioning of first phase of company's greenfield cement plant at Durg in March 2015. However, the company has narrowed down its loss at profit before tax (PBT) level to Rs 9 crore in Q3 December 2015 as against a loss of Rs 22.10 crore in Q2 September 2015 and a profit of Rs 22.18 crore in Q3 December 2014. The company's losses at profit after tax (PAT) level dropped to Rs 3.67 crore in October 15 as against losses of Rs 14.95 crore incurred in the previous quarter.

The company said it continues to improve its efficiency parameters and coal consumption improved to 700K.Cal/Kg of clinker.

The work on the company's two upcoming grinding unit projects in Gujarat and Odisha is progressing satisfactorily. The work at Udaipur Unit, the subsidiary company, is also progressing as per schedule, the company added.

JK Lakshmi Cement manufactures cement, which it sells under the brand name JK Lakshmi.