Why JK Cement can’t rest on Q1 laurels
SummaryThe benefit of low-cost inventory, which helped the earnings in the June quarter, would wane soon
The availability of low-cost inventory saved the day for JK Cement Ltd in the June quarter. As a result, standalone Ebitda at ₹400.1 crore in Q1FY23 exceeded the estimates of analysts. Ebitda is short for earnings before interest, tax, depreciation and amortization. At a time when many cement manufacturers are struggling with high input costs, JK Cement’s relatively lower operating expense provided some relief to its investors.