JK Cement reports sequential expansion in margins in Q3FY22JKCEMENT - 2449 Change: 126.20 (5.43 %)
News:JK Cement’s revenue for Q3FY22 increased 10.2% YoY to Rs.1940.4 crore. Though margins were down 639 bps YoY, they improved 118 bps QoQ to 19.1%. PAT declined 23.4% YoY to Rs.182.5 crore.
Views: Despite increased cost pressure due to upward trend in fuel prices, the company managed to contain overall costs due to lower freight, RM and other costs that came in as a positive surprise. Further, better demand environment compared to other regions helped the company to improve its realizations by 6% QoQ leading to sequential margin expansion.