JK Cement Q2 Review - Muted Quarter, Fair Valuation: 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..Dolat Capital Report.JK Cement Ltd.'s reported revenue and volume in-line, realisation marginally above estimate however Ebitda/tonne and adjusted profit after tax below estimates.JK Cement posted muted set of numbers with 18.4%/ down 19.9%/ down 24.5% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 18.4 billion/ Rs 3.3 billion/ Rs 1.7 billion in Q2 FY22 led by 18.5% YoY growth in blended volume which was partially offset by fall in blended realisation by down 0.1% YoY (up 1.9% QoQ). We expect 15.8%/ 14.5%/ 15.7% revenue/ Ebitda/adjusted profit after tax compound annual growth rate over FY21-24E led by 14.8%/ 12.7%/ 15.1% blended volume growth and 3.3%/ 0.9%/ 0.0% blended cement realisation growth in FY22E/ FY23E/ FY24E..Click on the attachment to read the full report:.DISCLAIMERThis 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.

JK Cement Q2 Review - Muted Quarter, Fair Valuation: Dolat Capital

JK Cement Q2 Review - Muted Quarter, Fair Valuation: Dolat Capital

Choose a plan