JK Cement, Birla Corp Are Dolat Capital's Top Stock Picks In The Sector; Cement Q1 Results Review
JK Cement has delivered the leading industry volume CAGR of >16% over FY20-25, which is likely to grow at a higher than industry volume CAGR of 10.3% over FY25- 27E.
(Photo Source: Vijay Sartape/ NDTV Profit)
In FY25, Dolat Capital's coverage companies’ revenue/Ebitda/adjusted profit after tax grew by +1.5%/-7.9%/- 29.6% to Rs 1,970.2 billion/Rs 324.4 bn/Rs 112.3 bn resp. Revenue growth was primarily driven by +7.1% volume growth to 367.5 mt, partially offset by -5.2% decline in blended realization/tn to Rs 5,361. Ebitda/tn decreased by 14.0% to Rs 883 due to -5.2% in blended realization/tn to Rs 5,361, partially offset by -3.3% reduction in opex/tn to Rs 4,478.
NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
The cement sector (in our coverage) reported revenue increase of 12.3% YoY (-6.2% QoQ) at Rs 548.2 billion in Q1 FY26, led by +7.8% YoY growth (+3.5% YoY like to like growth/-9.2% QoQ) in volume to 98.1 mt coupled with +4.2% YoY (+3.4% QoQ) increase in blended realization/tn to Rs 5,590.
Ebitda reported +44.3% YoY/-3.4% QoQ to Rs 111.8 billion and blended Ebitda/tonne increased by +6.5% QoQ (+33.8% YoY) to Rs 1,140, primarily led by +3.4% QoQ (+4.2% YoY) in blended realization/tonne which was offset by +2.6% QoQ (-1.4% YoY) in opex/tn. Adjusted profit after tax increased by 56.6% YoY to Rs 49.4 billion.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
