₹346 crore was much better than the ₹290 crore that a Bloomberg poll of analysts had estimated. Ebitda is earnings before interest, taxes, depreciation and amortization.
Analysts from Edelweiss Securities Ltd point out, “For Q4FY20, JK Cement turned in an all-time high Ebitda."True, volumes were lower during the quarter.
Blended volumes declined by 7% year-on-year, owing to the covid-19-induced lockdown. Volumes of grey cement and white cement (including putty) declined by 6.6% and 13%, year-on-year, respectively.