Mirae Asset Sharekhan's research report on JK Lakshmi Cement
Standalone revenue rose 11.3% y-o-y to Rs. 1,740.9 crore, supported by a rise in volumes and realisations. Operating profit increased 39.1% y-o-y to Rs. 311.2 crore. The company is adding 1.35 mtpa grinding capacity in Surat, expected to be commissioned in Q2FY26, and a 2.3 mt clinker unit along with 4 grinding units (total 4.6 mtpa) in Durg, Chhattisgarh, to be commissioned in phases from FY27–FY28. Management expects to outperform industry growth in FY26, supported by strong infrastructure activity and housing demand.
Outlook
We retain a Buy rating with a revised PT of Rs. 1,047, factoring better profitability lead by expected cost efficiencies.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
