Shares of JK Cement surged over 3% to ₹5,377.50 in early trade on Monday after the company reported a strong set of Q4 FY25 numbers, beating street expectations on EBITDA performance. At 9:21 AM, the stock was up ₹164.50 or 3.16%, compared to the previous close of ₹5,213.00.
According to Jefferies, which has maintained a Buy rating and raised its target price to ₹5,925, the company delivered another quarterly beat. EBITDA jumped 35% YoY, while volumes rose 15% YoY. EBITDA per tonne improved 17–22% YoY/QoQ.
The brokerage highlighted management’s optimism as it targets 10% volume growth in FY26 and aims for cost savings of ₹150–200/tonne over FY24. The company remains on track to expand its capacity to 30 MTPA by the end of FY26, up from 24 MTPA, and has plans to scale up to 50 MTPA over the medium term to support growth.
Jefferies believes JK Cement’s premium valuation could sustain, backed by consistent outperformance compared to similarly sized peers. The grey cement segment also showed strength, with net sales realisation up 3% QoQ, adding to investor confidence.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult their financial advisors before making any investment decisions.
