JKCEMENT

share price falls more than 3% after Q2 results; BUY, SELL or HOLD?

According to Citi, the near-term margin pressures faced by JK Cement stem from an increase in input costs and subdued realisations during the quarter. However, the brokerage continues to remain optimistic about the company’s overall growth trajectory, citing robust medium-term visibility supported by capacity expansion and stable demand outlook in the domestic market. JK Cement, one of India’s leading building material companies, reported a 17 per cent rise in consolidated net profit to Rs 159.25 crore for the July–September quarter of the current financial year. In the same quarter last year, the company had posted a profit of Rs 136.15 crore, according to a regulatory filing.