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 Securities Report
JK Cement Ltd.’s Q4 FY21 standalone adjusted Ebitda at Rs 4.8 billion (up 38% YoY), was broadly in line with consensus estimates.
Grey cement volumes including clinker sales showed strong growth at 48% YoY and 23% QoQ implying two-year compound annual growth rate of 18%.
However, grey cement realisation declined 1.6% QoQ and, with increasing share of grey cement volumes, blended Ebitda/tonne fell 5% YoY and 13% QoQ to Rs 1,228/tonne.
Ground-breaking ceremony for four million tonne greenfield expansion (capex: Rs 30 billion) at Panna was held on May 05, 2021, and the project is expected to be operational by H1 FY24.
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