JK Lakshmi Cement - In-Line Q3 Performance; Balance Sheet Strengthens Further: Prabhudas Lilladher 
Workers unload sacks of cement from a freight train in Mumbai, India. (Photographer: Kuni Takahashi/Bloomberg)

JK Lakshmi Cement - In-Line Q3 Performance; Balance Sheet Strengthens Further: Prabhudas Lilladher 

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Prabhudas Lilladher Report

JK Lakshmi Cement Ltd. reported Q3 FY21 Ebitda in line with our estimates. While, it beat consensus estimates by 15%.

Strong profitability in North and Gujarat region helped to contain the weakness in Eastern region (30% of total volumes).

Tight demand-supply market conditions would help sustain margins in North and Gujarat regions. East region would witness flooding of capacity addition over next couple of years.

However, we do not expect further deterioration in region’s margins due to unsustainable return on equities and industry consolidation.

Click on the attachment to read the full report:

Prabhudas Lilladher JK Lakshmi Cement Q3FY21 Result Update.pdf

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