JK Lakshmi Q1 Results Review - Mixed Operating Performance; Retain Buy: Axis Securities

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.

Axis Securities Report

JK Lakshmi Cement Ltd. reported a mixed set of results for the period. Revenue and volume decreased by 12% and 8% respectively, falling below expectations.

However, Ebitda and profit after tax exceeded expectations, growing by 10% and 109% YoY, respectively, due to lower costs and increased other income. Ebitda margins improved to 12.8%, up from 10.3% YoY, and slightly above our estimate of 12.4%.

The company reported a profit of Rs 156 crore, marking a 109% increase YoY and a 10% increase QoQ. In the quarter, JK Lakshmi Cement volume was 2.33 million tonnes per annum, reflecting an 8% YoY decrease.

The company's Ebitda per tonne was Rs 793, up 20% YoY. Blended realization per tonne was Rs 6,210, down 4% both QoQ and YoY. Additionally, the cost per tonne decreased by 6% YoY to Rs 5,417.

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.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.