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JK Cement achieves 38% growth

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JK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations. In June 2012 quarter, the company reported a robust 38 per cent y-o-y growth in net profits.In the quarter ending June 2012, JK Cement’s revenues grew by 21 per cent y-o-y to Rs 736 crore. This was mainly due to 15 per cent growth in dispatch volumes and 5 per cent increase in realisation per tonne.However, on a sequential basis, dispatch volumes were lower by 11 per cent in comparison to March 2012 quarter. The company was able to achieve higher volumes on y-o-y basis due to a weak monsoon that led to an increase in construction activity.However, it would be difficult for the company to maintain the 7 per cent growth in volumes in the coming quarters.

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