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Dolat Capital: JK Lakshmi Cement’s Q2 Results Above Estimates On All Fronts  

Dolat Capital: JK Lakshmi Cement’s Q2 Results Above Estimates On All Fronts

A worker carries a sack of cement from a truck in a warehouse  (Photographer: Udit Kulshrestha/Bloomberg)
A worker carries a sack of cement from a truck in a warehouse (Photographer: Udit Kulshrestha/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 Lakshmi Cement Ltd. reported results above estimates on all fronts.

The company posted 11.7%/ 25.6%/ 75.4% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 10.4 billion/ Rs 1.9 billion/ Rs 806 million in Q2 FY21 led by 15.8% YoY growth in volumes partially offset by decline in realization by 3.5% YoY (up 1.1% QoQ).

Demand was strong led by rural market and infra is witnessing pick up. The company guided for volume growth of 6-7% for FY21E.

Click on the attachment to read the full report:

Dolat Capital JK Lakshmi Cement Q2FY21 Result Update.pdf

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