ICICI Securities: JK Lakshmi Cement Logs Strong Operating Show, Valuation Looks Attractive
A worker transports cement in a wheel-barrow along a road in Ooty, Tamil Nadu, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: JK Lakshmi Cement Logs Strong Operating Show, Valuation Looks Attractive

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ICICI Securities Report

JK Lakshmi Cement Ltd.’s Q2 FY21 standalone Ebitda at Rs 1.9 billion (up 26% YoY) was significantly better than our/consensus estimates owing to higher than expected realisation and volumes.

Blended realisation increased 1% QoQ (declined 3.5% YoY), while volumes were up 16% YoY.

Consolidated net debt reduced by Rs 3 billion to Rs 12 billion as at September 2020-end aided by Rs 1 billion working capital release post capex of Rs 0.5 billion in H1 FY21.

Click on the attachment to read the full report:

ICICI Securities JK Lakshmi Cement Q2FY21 Results Update.pdf

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