Strong profitability; announced capacity expansion plan

Company
11 Mar 2024
5 Min read 
  • JK Lakshmi Cement reported strong 3QFY24 results, with higher-than-expected EBITDA and PAT.
  •  The company plans to increase its grinding capacity to 30mtpa by FY30.
  •  EBITDA estimates have been raised for FY24 and FY25-26.
  •  JKLC is a cost-efficient player with a presence in favorable regions.
  •  The stock is trading at attractive valuations with a TP of INR1,030.
  •  Consolidated sales volume grew 8% YoY and realization was up 1% in 3QFY24.
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