Lower costs drive beat; capacity expansion on track

Company
28 May 2024
5 Min read 
  • JK Lakshmi Cement reported strong operating performance in 4QFY24.
  •  The company's expansion plans are on track with capacity expansion in progress.
  •  Financial snapshot shows growth in sales, EBITDA, and adjusted PAT.
  •  Cement demand is expected to improve post general election results.
  •  The company's focus on cost reduction and capacity expansion is driving growth.
  •  Valuation suggests a buy rating with a target price of INR1,000.
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