JK Lakshmi Cement Q1 Review - Overhang On Margins: Dolat Capital
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Dolat Capital Report
JK Lakshmi Cement Ltd. reported results above estimates on all fronts led by higher volume however realisation in line.
The company posted 49.2%/ 50.7%/167.2% YoY growth in revenue/Ebitda/ adjusted profit after tax to Rs 12.3 billion/Rs 2.2 billion/Rs 1.2 billion in Q1 FY22 led by 39.5% YoY growth in volumes coupled with rise in realisation by 7.0% YoY (up 1.8% QoQ).
JK Lakshmi Cement has announced 2.5 million tonnes per annum including 1.5 mtpa clinker (to be commissioned in next three years) greenfield expansion with a capex of Rs 14 billion to be done at its subsidiary Udaipur Cement Works Ltd. to capture growth in demand.
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