JK Cement Posts Historic Quarter, Growth To Continue: Dolat Capital
A concrete mixer unloads freshly mixed concrete onto a table at a warehouse. (Photographer: Carla Gottgens/Bloomberg)

JK Cement Posts Historic Quarter, Growth To Continue: Dolat Capital

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.

JK Cement Ltd.’s revenue was in line and Ebitda, Ebitda/tonne and profit after tax was above estimates. Volumes and realization were in line and cost lower than estimates.

This is the highest ever quarterly revenue, Ebitda, Ebitda/tonne and PAT for the company.

The company posted strong set of numbers with 25.3%/ 61.6%/ 73.2% YoY growth in revenue/ Ebitda/ PAT to Rs 17.6 billion/ Rs 4.5 billion/ Rs 2.4 billion in Q3 FY21 led by 23.9% YoY growth in blended volume coupled with increase in blended realization by up 1.2% YoY (up 0.7 QoQ).

We like The company because of its sizable presence in higher Ebitda margin contributing white cement and putty business and healthy cash generation and return on equity.

Click on the attachment to read the full report:

Dolat Capital JK Cement Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.