JK Cement - Growth Mainly Driven By Capex, Higher Sales, Lower Costs: Dolat Capital

Dolat Capital Report

JK Cement Ltd.’s annual report analysis indicates strong financial performance in FY24 with 18.9% growth in consolidated revenue to Rs 115.6 billion against Rs 97.2 billion in FY23.

Ebitda significantly increased by 56.7% to Rs. 20.6 billion against Rs 13.1 billion in FY23 owing to an increase in Ebitda margin from 13.5% in FY23 to 17.8%.

Adjusted profit after tax expanded by 88.5% to Rs 8.0 billion in FY24 against Rs 4.2 billion in FY23 and APAT margins stood at 6.9% in FY24 against 4.4% in FY23.

Growth was mainly driven by capacity expansion, higher sales and lower costs. Further, low fuel and reduced transportation costs led to an increase in margins.

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