Robust performance; new capacities to drive growth

Company
24 Jan 2024
5 Min read 
  • JK Cement reported a strong performance in 3QFY24, with higher-than-estimated EBITDA and PAT.
  •  The company announced a capacity expansion of 6mtpa, which is expected to be commissioned by FY26.
  •  Cost savings and improved performance in 9MFY24 led to an increase in EBITDA estimates for FY24-FY26.
  •  JK Cement is well-positioned among regional players due to its expansion plans and strong execution strategy.
  •  The stock is rated as a "Buy" with a revised target price of INR4,700.
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