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
***EBITDA margin change is bps
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.

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