JKLC reported Q1FY22 revenue growth of 49%YoY (-6.8%QoQ) supported by volume growth of 39%YoY along with 7% YoY growth in blended realisation and low base (21% in Q1FY21). Value added products including RMC revenue was Rs.78cr (Rs.95cr QoQ/ Rs.29cr YoY) and the company is targeting Rs.500cr from this segment. Given GoI's strong focus on infra & housing, we expect demand to pick up in H2FY22 despite near-term uncertainties due to Covid-19. Factoring better than expected volume...