JK Lakshmi Cement Q2 Results Review - Performance Lower Than Expectation: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We have cut our estimates for FY25 by 3.9%/10%/17.5% for revenue/Ebitda/PAT due to a miss in our estimates for Q2 FY25. An enhanced H2 is expected to yield results that may align more closely with our earlier consolidated forecast. We have adjusted our FY26 estimates, decreasing Revenue, Ebitda and PAT by 3.4%, 10.8% and 20.4%, respectively. We contend that FY25 represents a temporary setback for the industry, with the company poised for recovery through capacity expansions (~14 million tonnes per annum from FY19-23, projected to reach 24.1 mtpa by FY27E) and an anticipated increase in demand within the company’s primary markets, alongside operational efficiencies resulting from cost-saving initiatives. The company is trading at 7.4 times FY27E EV/Ebitda, lower than the five-year average of 8.5 times. We maintain our "Buy" recommendation, valuing the business at nine times September FY26E EV/Ebitda with a revised target price of Rs 887 based on strategic positioning in the key North, West and East markets..Click on the attachment to read the full report:.Endurance Technologies Q2 Results Review - Inline; Europe Performance Has Been Impressive: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JK Lakshmi Cement Q2 Results Review - Performance Lower Than Expectation: Nirmal Bang

An enhanced H2 is expected to yield results that may align more closely with the brokerage's earlier consolidated forecast.

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JK Lakshmi Cement Q2 Results Review - Performance Lower Than Expectation: Nirmal Bang

An enhanced H2 is expected to yield results that may align more closely with the brokerage's earlier consolidated forecast.

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