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Dolat Capital: JK Cement Logs A Historic Quarter, Growth To Continue

Dolat Capital: JK Cement Logs A Historic Quarter, Growth To Continue

A builder lays brickwork using a trowel and cement on a construction site for residential housing. (Photographer Chris Ratcliffe/Bloomberg)
A builder lays brickwork using a trowel and cement on a construction site for residential housing. (Photographer Chris Ratcliffe/Bloomberg)

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.

Dolat Capital Report

JK Cement Ltd.’s revenue was in line and Ebitda, Ebitda/tonne and profit after tax was above estimates.

Volumes and realisation were in line and cost lower than estimates. This is the highest ever quarterly revenue, Ebitda, Ebitda/tonne and PAT for the company.

JK Cement posted strong set of numbers with 23.6%/61.7%/105.5% YoY growth in revenue/Ebitda/PAT to Rs 15.5 billion/Rs 4.1 billion/Rs 2.2 billion in Q2 FY21 led by 25.5% YoY growth in blended volume, partially offset by decline in blended realisation down by 1.5% YoY (up 1% QoQ).

Click on the attachment to read the full report:

Dolat Capital JK Cement Q2FY21 Result Update.pdf

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