JK Paper Ltd's Q3FY19 standalone net profit rises 72.3% yoy to Rs120.26cr: In-line with Estimates
The company’s standalone revenue stood at Rs869.49cr, up 10.1% yoy and 10.76% qoq.
Feb 12, 2019 06:02 IST India Infoline Research Team
JK Paper Ltd Q3FY19
Standalone Results Q3FY19: (in Rs cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 869.49 | 10.1 |
| EBITDA | 247.61 | 60.9 |
| EBITDA Margin (%) | 28.5 | 900 |
| Net Profit (adjusted) | 120.26 | 72.3 |
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JK Paper Ltd's standalone revenue for Q3FY19 came in at Rs869.49cr, up 10.1% yoy. The operating profit in the quarter increased significantly, up 60.9% yoy, to Rs247.61cr. The EBITDA margin expanded ~900bps yoy and ~239bps qoq to 28.5% in Q3FY19. Net profit for the quarter stood at ~Rs120.26cr, up 72.3% yoy. The revenue and net profit are in-line with the consensus estimates. However, the EBITDA beats the consensus estimates of Rs225cr by 10%.
Technical View:
JK Paper Ltd ended at Rs134.30, down 1.6 points, or 1.18%, from its previous close of Rs135.90 on the BSE. The scrip opened at Rs136.20 and touched a high and low of Rs138.80 and Rs134, respectively. A total of 8,11,753 (NSE+BSE) shares were traded on the counter. The stock traded above its 100-DMA.
