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.
Dolat Capital Report
JK Cement Ltd.'s reported Ebitda, profit after tax, Ebitda/tonne and realisation above estimates however revenue and volume in line.
The company posted strong set of numbers with 69.3%/ 85.6%/ 168.1% YoY growth in revenue/ Ebitda/adjusted profit after tax to Rs 16.3 billion/ Rs 4.0 billion/ Rs 2.1 billion in Q1 FY22 led by 71.0% YoY growth in blended volume which was partially offset by fall in blended realisation by down 1.0% YoY (up 2.6% QoQ).
We like JK Cement because of its sizable presence in higher Ebitda margin contributing white cement and putty business and healthy cash generation and return on equity.
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