JK Cement has lost 30.5% in the same period of 2018, compared to the July-September quarter of 2017.
The net profit of the company declined from Rs 93.1 crore to Rs 64.7 crore. During this period, net income of JK Cement declined marginally by 0.6% to Rs 1,100.6 crore from Rs 1,107.7 crore. ICICI Securities has commented on the results of JK Cement, that the company’s earnings were in line with the estimates, but despite the Ebitda and the decline, the profits were higher than the estimates.
According to ICICI Securities, the decline in Junk Cement profits due to a decline of 47.7% in other income on a year-on-year basis. Due to high prices of pet coke, its energy and fuel cost increased by 17.1%, resulting in the company’s quarter Ebitda decreased 18.1% to Rs 169.8 crores and Ebitda margin dropped by 328 basis points to 15.4%.
JK Cement’s quarterly interest cost dropped 8% on year-to-year basis to Rs 58.3 crore.
On the other hand, JK Cement’s shares in the BSE opened at Rs 669.00 against the last close of Rs 700.25, which is still the lowest level in the business. At around 10:30, it is running at Rs 692.95 with a weakness of 7.30 rupees or 1.04%.
Indian Stock Market- Get profitable Equity, MCX Service, HNI & Currency Services with good call accuracy. BSE Sensex & Nifty50. Our market researchers track the share positions and give best call accuracy to customers.
For 2-Day’s Free Trial>>Free Trial
Check Our Call Accuracy>>Past Performance
Contact Us: – 9644405056