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ICICI Securities Report
JK Lakshmi Cement Ltd.'s Q2 FY22 standalone Ebitda at Rs 1.6 billion (down 13% year-on-year) was broadly in line with our and consensus estimates.
Volumes including clinker sales declined 13% quarter-on-quarter and 3% year-on-year impacted by transporters strike in Chhattisgarh, while realisation improved 4% quarter-on-quarter and 10% year-on-year primarily led by strong pricing in North/West, higher non-cement revenues and lower clinker sale quarter-on-quarter.
Total cost/te increased 8% quarter-on-quarter and 15% year-on-year owing to higher input prices.
Accordingly, Ebitda/te declined 14% quarter-on-quarter and 10% year-on-year to Rs702/te.
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