J K Cements Ltd (JKCEMENT)

Brokerages Raise Target Prices on JK Cement Stock - 23 Jul, 2024

JK Cement's Q1FY25 consolidated net profit rose by 67%, leading brokerages to raise their target prices on the stock. Jefferies maintained its buy rating and hiked the target price to Rs 4950 from Rs 4610. ICICI Securities issued an add call with a target price of Rs 4818. Citi maintained its sell call but raised the target price to Rs 4400 from Rs 3550.

JK Cement Reports Strong Q1 Results - 22 Jul, 2024

JK Cement reports a surge in Q1FY25 net profit and revenue, leading to a 3.91% increase in share prices. The company also reported positive results for June 2024.

JK Cement Reports Strong Q1 Results - 20 Jul, 2024

JK Cement reported a 67% YoY increase in consolidated net profit for Q1 FY25, reaching Rs 184.82 crore. The company's revenue from operations edged up 1.62% to Rs 2,807.57 crore.

J K Cements CEO's Pay 111% Above Industry Average - 13 Jul, 2024

J.K. Cement Limited's CEO Madhavkrishna Singhania receives a total pay of ₹39.7m, which is 111% above the industry average. The company has seen a 40% total shareholder return over the past three years and an EPS increase of 3.7% per year over the same period. In the last year, its revenue increased by 19%.

J K Cements to Pay Rs 20 Dividend - 04 Jul, 2024

J.K. Cement Limited is set to pay a dividend of Rs 20 per share on August 15, with an ex-dividend date of July 9. The company has a trailing yield of 0.3% and paid out just 15% of its profit last year, leaving plenty of margin for unexpected circumstances. J.K. Cement's earnings have been growing at 22% annually for the past five years.

J K Cements Reports Strong FY 2024 Results - 01 Jul, 2024

J.K. Cement reported a 19% YoY increase in revenues for FY 2024, with net income up by 87%. The profit margin also increased to 6.8%, driven by higher revenue. While revenue exceeded analyst estimates, EPS missed estimates. Looking ahead, the company is forecasted to grow at an average rate of 9.7% p.a. over the next three years.

JK Cement Opens New Grinding Unit at Prayagraj Plant - 27 Jun, 2024

JK Cement has opened a new grinding unit at its Prayagraj plant in Uttar Pradesh, increasing the company's total capacity from 22 MTPA to 24 MTPA. The move will help meet growing demand for cement in Eastern Uttar Pradesh and create job opportunities while promoting regional development. The modern German technology used in the plant lowers input and fixed costs and ensures excellent energy efficiency.

JK Cement Expands Capacity with New Grinding Unit - 26 Jun, 2024

JK Cement has inaugurated a new grinding unit at its Prayagraj Plant, elevating the company's total capacity from 22 MTPA to 24 MTPA. The Prayagraj unit has commenced cement grinding capacity of 2MnTPA, increasing total grey cement installed capacity to 24.34 MnTPA. JK Cement reported strong financial results for Q4 FY24, with consolidated PAT rising 105% YoY and EBITDA up 60% YoY.