Centrum Broking: JK Cement Q2 FY21 Update- Earnings Momentum To Continue; Upgrade To ADD 
Workers unload sacks of cement from a freight train in Mumbai, India. (Photographer: Kuni Takahashi/Bloomberg)

Centrum Broking: JK Cement Q2 FY21 Update- Earnings Momentum To Continue; Upgrade To ADD 

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.

Centrum Broking Report

JK Cement Ltd. Q2 FY21 performance was driven by healthy volume and strong earnings growth aided by cost savings.

Grey cement volume for JK Cement rose by 28% YoY aided by new capacity addition in FY20 (~ 0.7 million tonnes new unit contribution).

Grey cement realisation was flat at Rs 4,514/tonne YoY however white cement realisation fell by 1% YoY on the back of 9% YoY volume rise.

JK Cement’s revenues effectively increased by 24% to ~Rs 15.5 billion (Rs 12.5 billion in Q2 FY20).

Click on the attachment to read the full report:

Centrum Broking- JK Cement Q2 FY21 Result Update.pdf

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