J K Cements Ltd's Q2FY19 standalone net profit declines 30.5% yoy to Rs64.7cr : Beats Estimates
The company’s standalone revenue stood at Rs1,100.6cr, flat on yoy basis and down 1.3% qoq.
Nov 03, 2018 05:11 IST India Infoline Research Team
J K Cements Ltd Q2FY19
Standalone Results Q2FY19: (Rs. in cr)
Q2FY19 | YoY (%) | |
---|---|---|
Revenue | 1,100.6 | [0.6] |
EBITDA | 169.8 | [18.1] |
EBITDA Margin (%) | 15.4 | [328] |
Net Profit | 64.7 | [30.5] |
----------------------------------------------------------------------------------------------------------------------------------------------------------------
- Raw material and freight costs were down by 301bps and 108bps yoy respectively as percent of net sales.
- On the other hand, employee, power and other expenses were up by 113bps, 331bps and 293bps yoy respectively as per cent of net sales.
- Interest cost during the quarter was down by 8% yoy to Rs58.3cr.
- Other income declined by 47.7% yoy leading to a sharper fall in the PAT.
Technical View:
J K Cements Ltd ended at Rs. 700.50, up by 22.1 points or 3.26% from its previous closing of Rs. 678.40 on the BSE.
The scrip opened at Rs. 682 and touched a high and low of Rs. 715 and Rs. 682 respectively. A total of 70,030 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.