JK Cement Posts Historic Quarter, Growth To Continue: Dolat Capital

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JK Cement Ltd.’s revenue was in line and Ebitda, Ebitda/tonne and profit after tax was above estimates. Volumes and realization were in line and cost lower than estimates.

This is the highest ever quarterly revenue, Ebitda, Ebitda/tonne and PAT for the company.

The company posted strong set of numbers with 25.3%/ 61.6%/ 73.2% YoY growth in revenue/ Ebitda/ PAT to Rs 17.6 billion/ Rs 4.5 billion/ Rs 2.4 billion in Q3 FY21 led by 23.9% YoY growth in blended volume coupled with increase in blended realization by up 1.2% YoY (up 0.7 QoQ).

We like The company because of its sizable presence in higher Ebitda margin contributing white cement and putty business and healthy cash generation and return on equity.

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