JK Cement Q1 Results Review - Good Volumes Growth, Margin Recovery Slower: Centrum Broking

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.JK Cements Ltd. reported results largely in line with our estimate at Ebitda level. The company has restated its financials to factor in the effect of amalgamation of its subsidiary Jaykaycem Central Ltd. (recently commissioned Panna and Hamirpur plants) with the parent and as a result, Q1 FY24 and Q4 FY23 numbers have been restated. On consolidated basis, the company delivered impressive volume growth of 25% for Q1 FY24 on account of ramp-up of Panna and Hamirpur. JK Cement has achieved utilisation of 75% at its new plants within a short span of nine months. It has also commissioned 22 mega watt waste heat recovery system plant at Panna during the quarter which is likely to improve margins for the company going forward. We have marginally tweaked our estimates and maintain our target price of Rs 3,164 for JK Cement. We also maintain our 'Reduce' rating on the stock on account of fair valuations of 12.5 times FY25 enterprise value/Ebitda..Click on the attachment to read the full report:.JK Cement Q1 Results: Net Profit Falls 29%, Misses Estimates.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

JK Cement Q1 Results Review - Good Volumes Growth, Margin Recovery Slower: Centrum Broking

Operating costs to improve further on waste heat recovery system and lower petcoke costs.

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JK Cement Q1 Results Review - Good Volumes Growth, Margin Recovery Slower: Centrum Broking

Operating costs to improve further on waste heat recovery system and lower petcoke costs.

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