JK Cement Q4 PAT seen up 212.1% YoY to Rs. 197.7 cr: ICICI Direct

JK Cement Ltd. | In the last five trading sessions, the counter has fallen -3 percent from Rs 2,878.25 to Rs 2,788.85 (Jun 8 to Jun 15). As on June 15, its market-cap stood at Rs 21,549 crore.

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ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Cement sector. The brokerage house expects JK Cement to report net profit at Rs. 197.7 crore up 212.1% year-on-year (up 18.2% quarter-on-quarter).

Net Sales are expected to increase by 11.1 percent Y-o-Y (up 17.5 percent Q-o-Q) to Rs. 2,279.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.7 percent Y-o-Y (up 11.6 percent Q-o-Q) to Rs. 413.9 crore.

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