ECONOMY

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

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Anand Rathi JK Lakshmi Cement Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
dutifulnews Governmental News Finance News

Source link

Back to top button