JK Lakshmi Cement Q4 Review - Balance Sheet To Strengthen Further: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

JK Lakshmi Cement Ltd. operated at full capacity in Q4 with 101% capacity utilisation led by improved sales volume from both retail and infra segment.

Total sales volume grew 17.6% YoY to 2.9 million tonne.

Realisation was also up 5.9% YoY, 3.0% QoQ to Rs 4,559/tonne (versus our estimate: Rs 4,413/tonne).

This led to revenue growth of 24.6% YoY to Rs 1,322 crore (versus our estimate: 1,226.2 crore).

Ebitda margins came in at 20.3% (versus our estimate: 14.8%) and Ebitda/tonne of Rs 924/tonne, ahead of our estimated Ebitda/tonne of Rs 653/tonne despite 4.3% YoY increase in costs.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.