NEW DELHI : JK Lakshmi Cement Wednesday reported a 27.80% increase in standalone net profit at 43.25 crore for the quarter ended March 2019.

The company had reported a net profit of 33.84 crore in January-March quarter last year, JK Lakshmi Cement said in a BSE filing.

Total income during the quarter under review rose 28.78% to 1,189.06 crore from 923.32 crore in the corresponding period last year. Total expenses during March quarter rose 27.21% to 1,131.66 crore from 889.57 crore last year.

For the entire 2018-19, JK Lakshmi Cement's net profit stood at 79.56 crore, down 5.24% from 83.96 crore last year. Total income rose 9.94% to 3,938.60 crore in 2018-19 from 3,582.29 crore last year.

Meanwhile, in a separate filing, the company informed the BSE that its board has recommended a dividend of 0.75 per equity share of 5 each for 2018-19.

Shares of JK Lakshmi Cement Wednesday closed at 371.80 on the BSE, up 1.65% from its previous close.