External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>JKCL reported robust operating performance during the quarter owing to higher volume improvement in realization and lower operating costs.</li><li>Its Volume/Revenue/EBITDA/PAT grew by 14%/21%/156%/626% YoY(above expectations). Interest and depreciation costs were up 45%/19% YoY.</li><li>The company reported an APAT of Rs 283 Cr, up 626%/59% YoY/QoQ. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JKCL reported robust operating performance during the quarter owing to higher volume improvement in realization and lower operating costs.Its Volume/Revenue/EBITDA/PAT grew by 14%/21%/156%/626% YoY(above expectations). Interest and depreciation costs were up 45%/19% YoY.The company reported an APAT of Rs 283 Cr, up 626%/59% YoY/QoQ. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Cements Limited - Strong Operating Performance; Volume Growth Visibility Intact

<ul><li>A leading cement manufacturer in the country, JK Cements Ltd is an affiliate of the multi-disciplinary industrial conglomerate JK Organization, which was founded by Lala Kamlapat Singhania.</li><li>The Company has over four decades of experience in cement manufacturing.</li><li>Today, JK Cements has an installed Grey Cement capacity of 20.7 mtpa and White Cement and Wall Putty capacity of 2.8mtpa, making it one of the leading cement manufacturers in the country. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

A leading cement manufacturer in the country, JK Cements Ltd is an affiliate of the multi-disciplinary industrial conglomerate JK Organization, which was founded by Lala Kamlapat Singhania.The Company has over four decades of experience in cement manufacturing.Today, JK Cements has an installed Grey Cement capacity of 20.7 mtpa and White Cement and Wall Putty capacity of 2.8mtpa, making it one of the leading cement manufacturers in the country. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week : JK Cements Ltd - 18th November, 2023

<ul><li>JKCL reported robust operating performance during the quarter owing to higher volume improvement in realization and lower operating costs.</li><li>Its Volume/Revenue/EBITDA/PAT grew by 22%/24%/53%/58% YoY (above expectation). Interest and depreciation costs were up 72%/29% YoY.</li><li>The company reported a profit of Rs 178 Cr up 58% each YoY/QoQ. The company recorded an EBITDA margin of 17% (expectation of 16.4%) against 13.7% YoY.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JKCL reported robust operating performance during the quarter owing to higher volume improvement in realization and lower operating costs.Its Volume/Revenue/EBITDA/PAT grew by 22%/24%/53%/58% YoY (above expectation). Interest and depreciation costs were up 72%/29% YoY.The company reported a profit of Rs 178 Cr up 58% each YoY/QoQ. The company recorded an EBITDA margin of 17% (expectation of 16.4%) against 13.7% YoY.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Cements Limited - Beat On All Fronts; Prices Trending Higher. Retain BUY

<ul><li>In FY23, JK Cement registered a robustcement sales volume of 16.24 million tones per annum (mtpa), up 16% YoY from 14.02 mtpa in FY22.</li><li>Grey and White Cement volume grew by 17% and 8% respectively.</li><li>The growth was driven by a superior demand environment in both trade as well as non-trade segments and new capacity addition during the year.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In FY23, JK Cement registered a robustcement sales volume of 16.24 million tones per annum (mtpa), up 16% YoY from 14.02 mtpa in FY22.Grey and White Cement volume grew by 17% and 8% respectively.The growth was driven by a superior demand environment in both trade as well as non-trade segments and new capacity addition during the year.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Axis Annual Analysis - JK Cements Ltd - 28th Aug, 2023

<ul><li>JKCL reported better operating performance during the quarter owing to higher volume and stable realization.</li><li>Its Volume/Revenue grew by 25%/22%YoY (above expectation).</li><li>However, its EBITDA (above expectation), was flattish YoY and APAT (above expectation) de-grew by 30% YoY on the back of higher interest and depreciation costs which were up 67%/28% YoY. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JKCL reported better operating performance during the quarter owing to higher volume and stable realization.Its Volume/Revenue grew by 25%/22%YoY (above expectation).However, its EBITDA (above expectation), was flattish YoY and APAT (above expectation) de-grew by 30% YoY on the back of higher interest and depreciation costs which were up 67%/28% YoY. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JK Cements Limited - Robust Volume Growth; Retain BUY

India

JK Cement Limited produces and manufactures Portland and White cement products.

JK Cement Ltd (JKCE IN)

JK Cements Limited - Strong Operating Performance; Volume Growth Visibility Intact

JKCL reported robust operating performance during the quarter owing to higher volume improvement in realization and lower operating costs.

Axis Direct

Pick of the Week : JK Cements Ltd - 18th November, 2023

A leading cement manufacturer in the country, JK Cements Ltd is an affiliate of the multi-disciplinary industrial conglomerate JK Organization,...

Axis Direct

Axis Annual Analysis - JK Cements Ltd - 28th Aug, 2023

In FY23, JK Cement registered a robustcement sales volume of 16.24 million tones per annum (mtpa), up 16% YoY from 14.02 mtpa in FY22.

Axis Direct

JK Cements Limited - Robust Volume Growth; Retain BUY

JKCL reported better operating performance during the quarter owing to higher volume and stable realization. Its Volume/Revenue grew by 25%/22%YoY...

Axis Direct