JK Cement Q4 Results Preview: Net profit likely to more than double
JK Cement Q4 Results Preview: Cement maker JK Cement is estimated to stage a 114.2 per cent year-on-year jump in consolidated net profit to Rs 240 crore for the March quarter, according to Zee Business research. Here's what else you can expect in the cement manufacturer's earnings report.
JK Cement Q4 Results Preview: Cement manufacturer JK Cement is all set to report its financial results for the quarter as well as the year ended March 31, 2024, on Sunday, May 12.
According to Zee Business research, JK Cement is estimated to clock a consolidated net profit of Rs 240 crore for the January-March period, which translates into a year-on-year jump of 114.2 per cent. The analysts peg the cement maker's quarterly revenue at Rs 3,160 crore, up 13.7 per cent over the year-ago period.
The cement maker, which also produces a range of construction materials such as putty, plaster and finishes, is estimated to log Rs 610 crore in fourth-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) as against Rs 350 crore a year ago, according to the research.
Zee Business analysts peg JK Cement's margin, a key measure of profitability, to improve to 19.2 per cent for the March quarter, up 660 basis points (bps) on a year-on-year basis. They expect the cement manufacturer's sales volumes to grow 15 per cent over the year-ago period.
ALSO READ: UltraTech Cement Q4 profit jumps 35%, sales rise 9.5% | UltraTech acquires India Cements grinding unit
JK Cement Q3 Results: A summary
For the third quarter of the financial year 2023-24, JK Cement registered a consolidated net profit of Rs 283.8 crore, marking a 7.6 times increase on a year-on-year basis, while its revenue grew 20.5 per cent to Rs 2,934.8 crore, according to a regulatory filing.
ALSO READ: Orient Cement Q4 profit rises
JK Cement shares: Past performance
As of May 9, JK Cement shares have grown 28 per cent in a year, outperforming a 20 per cent gain in the headline Nifty50 index.
ALSO READ: Dalmia Bharat reports weak January-March results
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