JK Lakshmi Cement (JKLC) is part of JK group mainly focused in North, West and Eastern regions of India with a consolidated capacity of 12.5MT. Q1FY19 revenue grew mere 2.5%YoY due to flat growth in volumes and 2.5% YoY growth in realisation. Low realisation was due to pricing pressure witnessed in North in the nontrade segment and the competition impacted volumes also. Further, surge in fuel and freight cost caused EBITDA margin to decline 320bps YoY. Pet coke price is at all-time high, Rs.8,100/ton Vs Rs.6,700 YoY. Commissioning of 20MW thermal power plant by 4QFY19 will provide...