JK Lakshmi Cement - Volume Surprises Positively In Q3: Motilal Oswal
A pile of cement lies on builders slab. (Photographer: Chris Ratcliffe/Bloomberg)

JK Lakshmi Cement - Volume Surprises Positively In Q3: Motilal Oswal

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.

Motilal Oswal Report

JK Lakshmi Cement Ltd.’s revenue grew 19% YoY to Rs 11.9 billion on 16% growth in volume at 2.7 million tonne (versus our estimate of 2.51 million tonne) and 2% higher realization at Rs 4,426/tonne (versus our expectation of Rs 4,381/tonne).

Unitary cost was up 1% YoY to Rs 3,714/tonne, led by higher raw material cost (up 16% YoY), increased freight cost at Rs 901/tonne (2% YoY), and larger other expenses (up 1% YoY).

This was partially offset by better fixed cost absorption and low-cost fuel inventory which helped lower power and fuel cost.

Click on the attachment to read the full report:

Motilal Oswal JK Lakshmi Cement Q3FY21 Result Update.pdf


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.