JK Lakshmi Cement - Q2FY14 Result Review - Angel Broking

For 2QFY2014 JK Lakshmi Cement's top-line fell by 8.7% yoy to Rs. 449cr impacted by poor demand in the company's key markets in Gujarat and North India. OPM stood at 12.5% down 1045bp on yoy basis. The company's bottom-line fell by 80% yoy to Rs. 10.3cr impacted by poor operating performance.

We recommend a buy on the stock with a target price of Rs. 79.

Source : Equity Bulls

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