JK Lakshmi Cement Share Price Rises 7% Post Q4 Results

- JK Lakshmi Cement shares gained more than 7% following Q4 results announcement after market hours on Thursday. - Share price opened at ₹830 & reached high of ₹852.85 on Friday morning.

[{"selector":"#anim-dc3c4e02-91b6-4d09-89db-b78aa8d18f43","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7bc7508-087d-49c0-bb51-33a2f4ad08c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- Consolidated net profit rose 41% year-on-year to ₹159.85 crore, surpassing analysts' estimates. - Motilal Oswal Financial Services (MOFSL) had estimated net profit of ₹140 crore, while Axis Securities expected ₹132 crore.

[{"selector":"#anim-de4c2f95-d5e8-4e28-a2ec-7a791aa78d3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bce9b6bb-4a61-4041-8711-a5d44ebbac6f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- Strong net profit was driven by impressive operating performance. - EBITDA per tonne increased 43% YoY to ₹1,032, above MOFSL's estimate of ₹852 & Axis Securities' estimate of ₹893. - Consolidated EBITDA rose 45% YoY to around ₹340 crore.

[{"selector":"#anim-f23a9cf4-8dc0-428a-a200-c3b5de67dfbf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-239db78d-8f2e-4c8d-9be4-dfb7ab432135","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- Sales volume rose 1% YoY to 3.26 million tonnes. - Consolidated revenue from operations was ₹1,780.85 crore, slightly lower than ₹1,862 crore reported in same quarter last year.

[{"selector":"#anim-e3e145f9-54bc-438d-b58d-7468bac5286d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd2e4a52-f5b4-4b47-ac41-059f4594a48e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- JK Lakshmi Cement announced final dividend of ₹4.50 per equity share for financial year ended March 31, 2024. - This is in addition to interim dividend of ₹2 per share, bringing total dividend payout to ₹6.50 per share.

[{"selector":"#anim-b0557f21-6947-42a0-aeb5-e177938c22f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-810474fa-c944-4139-a131-a8e99ff08cdc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- Analysts maintain positive outlook on cement demand for FY25 but remain cautious about near-term price increases. - Cement price hikes in April have not been sustainable, & monsoon season may keep prices range-bound. - Easing input prices & rising volumes are expected to support earnings.

[{"selector":"#anim-cbe0ac56-80e2-4b0d-8693-d12b440e5b2f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d7f739e-1702-4d65-97d9-12e7c3d587b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- JK Lakshmi Cement plans to expand clinker & cement capacity by 2.3 mn tonnes per annum (mtpa) & 6.0 mtpa, respectively, over next two to three years. - Company aims to increase grinding capacity to 30 mtpa by FY30 from current 16.5 mtpa.

[{"selector":"#anim-7db35737-717d-407c-a348-171292733e98","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e09e980-2509-413e-97b8-5a313a5c8bd2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

- MOFSL has 'BUY' rating on JK Lakshmi Cement & plans to review their estimates after concall on May 27, 2024.

[{"selector":"#anim-05443c68-b727-4d15-8e24-e9edd952894a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ebb929bb-c5cf-4d28-aed1-a185d464baaa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-b2ae763c-51b8-45ba-9f90-169294f1e00b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8cffc063-c122-415f-9bb2-62249ecc9a38","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba2eecf1-67fc-4966-9c96-da89b75176f6","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Open Demat Account

Check out more 5paisa webstories

[{"selector":"#anim-eb890eb7-4e12-40e8-a8f7-15119d2f1a44","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d47f899-6fab-4d7d-8944-b288dddafa11","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49101372-5f9a-441d-9cc5-fa89d77df1b0","keyframes":{"transform":["translate3d(0px, 561.27896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

JK Lakshmi Cement Share Price Rises 7% Post Q4 Results

- JK Lakshmi Cement shares gained more than 7% following Q4 results announcement after market hours on Thursday. - Share price opened at ₹830 & reached high of ₹852.85 on Friday morning.

Strong Market Response

- Consolidated net profit rose 41% year-on-year to ₹159.85 crore, surpassing analysts' estimates. - Motilal Oswal Financial Services (MOFSL) had estimated net profit of ₹140 crore, while Axis Securities expected ₹132 crore.

Impressive Profit Growth

- Strong net profit was driven by impressive operating performance. - EBITDA per tonne increased 43% YoY to ₹1,032, above MOFSL's estimate of ₹852 & Axis Securities' estimate of ₹893. - Consolidated EBITDA rose 45% YoY to around ₹340 crore.

Operating Performance

- Sales volume rose 1% YoY to 3.26 million tonnes. - Consolidated revenue from operations was ₹1,780.85 crore, slightly lower than ₹1,862 crore reported in same quarter last year.

Sales & Revenue

- JK Lakshmi Cement announced final dividend of ₹4.50 per equity share for financial year ended March 31, 2024. - This is in addition to interim dividend of ₹2 per share, bringing total dividend payout to ₹6.50 per share.

Dividend Announcement

- Analysts maintain positive outlook on cement demand for FY25 but remain cautious about near-term price increases. - Cement price hikes in April have not been sustainable, & monsoon season may keep prices range-bound. - Easing input prices & rising volumes are expected to support earnings.

Analyst Perspectives

- JK Lakshmi Cement plans to expand clinker & cement capacity by 2.3 mn tonnes per annum (mtpa) & 6.0 mtpa, respectively, over next two to three years. - Company aims to increase grinding capacity to 30 mtpa by FY30 from current 16.5 mtpa.

Future Expansion Plans

- MOFSL has 'BUY' rating on JK Lakshmi Cement & plans to review their estimates after concall on May 27, 2024.

Analyst Ratings

Check out more 5paisa webstories

Swipe up