JK Cement Q4 Review - Market Share Gains To Continue: ICICI Securities

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..ICICI Securities Report.JK Cement Ltd.’s Q4 FY22 Ebitda of Rs 3.83 billion, down 20% YoY, was in line with our/consensus estimates. Blended realisation declined 1.3% QoQ (rose 8.6% YoY) while total cost/tonne increased 1.5% QoQ (19% YoY). This resulted in blended Ebitda/tonne shrinking 13% QoQ (21% YoY) to Rs 973/tonne (our estimate: Rs 993/tonne). Panna greenfield expansion (four million tonne) is on track and likely to be commissioned in Q3 FY23. This would drive strong ~13% volume compound annual growth rate over FY21-FY24E for JK Cement leading to market share gains. Factoring-in higher cost escalations, we reduce our FY23E-FY24E Ebitda by 8-18%. .Click on the attachment to read the full report:.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 Q4 Review - Market Share Gains To Continue: ICICI Securities

JK Cement Q4 Review - Market Share Gains To Continue: ICICI Securities

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