Q4FY21 Result Update - JK Lakshmi Cement - ICICI Direct

JK Lakshmi Cement operated at full capacity in Q4 with 101% capacity utilisation led by improved sales volume from both retail & infra segment. Total sales volume grew 17.6% YoY to 2.9 MT. Realisation was also up 5.9% YoY, 3.0% QoQ to Rs. 4,559/tonne (vs. I-direct estimate: Rs. 4,413/t). This led to revenue growth of 24.6% YoY to Rs. 1,322 crore (vs. I-direct estimate: 1,226.2 crore). EBITDA margins came in at 20.3% (vs. I-direct estimate: 14.8%) and EBITDA/tonne of Rs. 924/tonne, ahead of our estimated EBITDA/t of Rs. 653/t despite 4.3% YoY increase in costs. After accounting for impairment loss of Rs. 30.9 crore, PAT grew 35.5% YoY to Rs. 136.5 crore while adjusted PAT growth was at 66.2% YoY on lower interest costs. The progress on the WHRS Unit III Project at Sirohi is as per schedule and will be commissioned by July 2021. The company's subsidiary Udaipur Cement is expanding its cement capacity by 2.5 MT, which would commissioned by December 2023E. Post this, its consolidated capacity will get enhanced to 16.4 MT.

For details, click on the link below: Link to the report

Shares of JK LAKSHMI CEMENT LTD. was last trading in BSE at Rs.493.4 as compared to the previous close of Rs. 467.1. The total number of shares traded during the day was 436402 in over 15054 trades.

The stock hit an intraday high of Rs. 513.9 and intraday low of 472. The net turnover during the day was Rs. 217384922.

Source : Equity Bulls

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