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 Lakshmi Cement Ltd.'s Q2 FY22 standalone Ebitda at Rs 1.6 billion (down 13% year-on-year) was broadly in line with our and consensus estimates.
Volumes including clinker sales declined 13% quarter-on-quarter and 3% year-on-year impacted by transporters strike in Chhattisgarh, while realisation improved 4% quarter-on-quarter and 10% year-on-year primarily led by strong pricing in North/West, higher non-cement revenues and lower clinker sale quarter-on-quarter.
Total cost/te increased 8% quarter-on-quarter and 15% year-on-year owing to higher input prices.
Accordingly, Ebitda/te declined 14% quarter-on-quarter and 10% year-on-year to Rs702/te.
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