JK Lakshmi Cement Q4 Review - Balance Sheet To Strengthen Further: ICICI Direct
A cement brick and trowel sit on a wall of home under construction. (Photographer: Chris Ratcliffe/Bloomberg)

JK Lakshmi Cement Q4 Review - Balance Sheet To Strengthen Further: ICICI Direct

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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.

ICICI Direct Report

JK Lakshmi Cement Ltd. operated at full capacity in Q4 with 101% capacity utilisation led by improved sales volume from both retail and infra segment.

Total sales volume grew 17.6% YoY to 2.9 million tonne.

Realisation was also up 5.9% YoY, 3.0% QoQ to Rs 4,559/tonne (versus our estimate: Rs 4,413/tonne).

This led to revenue growth of 24.6% YoY to Rs 1,322 crore (versus our estimate: 1,226.2 crore).

Ebitda margins came in at 20.3% (versus our estimate: 14.8%) and Ebitda/tonne of Rs 924/tonne, ahead of our estimated Ebitda/tonne of Rs 653/tonne despite 4.3% YoY increase in costs.

Click on the attachment to read the full report:

ICICI Direct JK Lakshmi Cement Q4FY21 Result Update.pdf

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