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. Q2FY19 revenue grew 9.6%YoY aided by healthy volumes (12.5%YoY). However, realisation de-grew 2.6%YoY, resulted in 150bps margin decline. Total cost/Ton declined by 0.9%YoY due to reduction in freight (-12%YoY) and other expenses (-3.3%YoY) which has offset by 11% surge in fuel cost. Freight cost declined on account of reduction in lead distance. Full benefit from relaxation in axle load will reduce cost further....