JK Lakshmi Cement – Deleveraging Exercise, Waste Heat Recovery System To Provide A Boost: Anand Rathi

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Lockdown-curbed softer demand and higher input costs hit JK Lakshmi Cement Ltd.’s QoQ performance.

The low base and more clinker sales led to cement sales volumes rising a robust 40% YoY to 2.66 million tonnes.

Non-cement revenue grew 169% YoY to 780 million.

JK Lakshmi Cement’s Ebitda grew 51% YoY to Rs 2.2 billion; per ton Ebitda, 8% YoY to Rs 813 (though QoQ down 12%).

Fuel stocks for three to four months have been built up, where fuel consumption cost is expected to rise 14% QoQ and diesel cost 27% QoQ.

The eight megawatt Sirohi waste heat recovery system is expected to commence by Q3 FY22 offering some respite to high costs.

Debottlenecking was completed at Udaipur Cement Works, expanding clinker/cement capacities to 1.5 million tonnes/2.2 million tonnes.

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Anand Rathi JK Lakshmi Cement Company Update.pdf


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