Key Points from the discussion:

• The company standalone total income increased 7% to Rs 1,076 crore in Q2FY16, aided largely by volume growth in white cement segment (incl. wall care putty). Its total expenses were higher at Rs 961 crore during the quarter under review from Rs 942 crore a year ago. The company's Q2 net profit increased by 182 percent at Rs 40.9 crore.

• JK Cement's Grey cement revenue de-grew by 0.9% to Rs 600 crore due to decline in south region volume by 2.3% YoY mainly on account of good monsoon and production halt in Karnataka plant (crack in silo Muddapur plant) which offset the benefit from north region. Overall Grey cement sales volumes grew 4%YoY to 16.5 lakh tonnes. Realization declined by 4.3 % (YoY) at Rs 3,643/tonne, due to decline in southern region realization as cement prices remained under pressure in Maharashtra. However volume rose 5.9% in the northern region.

• The Company white cement (including wall putty) revenue grew by 18.5% to Rs 310 crore driven by strong volume growth of 15.6%YoY to 02.7 lakh tonnes, Realization improved by 2.5% (YoY) to Rs 11,392/tonne.

• The Company Power & fuel costs declined by 21.7% to Rs 15.17 crore (Power cost/tonne fell 25.6% to Rs 790) due to reduction in pet coke prices and commencement of fuel efficient new plants. Fuel mix for the company is 70% pet coke; 30% Coal linkage for Grey cement and 100% pet coke for White cement.

• The Company sales volume grew by 2.5% in H1FY17 and expects ~7-8% sales volume growth in H2FY17, which will result in a volume growth of ~5% in FY17.