JK Cement posts strong Q2FY17
DSIJ Intelligence / 31 Oct 2016
JK Cement has declared its Q2FY17 results on Friday after market hours. The company’s revenue has increased by 6.8 per cent to Rs 1076 crore in Q2FY17 on a yearly basis.
JK Cement has declared its Q2FY17 results on Friday after market hours. The company’s revenue has increased by 6.8 per cent to Rs 1076 crore in Q2FY17 on a yearly basis. Its EBITDA too has risen by 50 per cent to Rs 159 crore in Q2FY17 as compared to same period in previous fiscal. JK Cement’s EBITDA margin has expanded by 430 basis points to 14.8 per cent in Q2FY17 on a yearly basis. The company's net profit also has increased by more than two times to Rs 40.9 crore in Q2FY17 as compared to same period in previous financial year.
On the half yearly front, JK Cement’s top line has increased by 8.31 per cent to Rs 2118 crore in H1FY17 as compared to same period in previous financial year. The company’s EBITDA too has risen by 72.31 per cent to Rs 336 crore in H1FY17 on a yearly basis. Its net profit has increased by six folds to Rs 103 crore in H1FY17 as compared to same period in previous financial year.
JK Cement produces 8.4 million tonnes annually and its capacity is scheduled to go up to 12 million tonnes per annum in near term. The company is also planning to raise up to Rs 500 crore through a private placement basis.
The share price of JK Cement increased by 0.89 per cent on bourses; and closed at Rs 955.15 on muhurat trading on Sunday.
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