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. 

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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. 

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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.  

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