Today's Top Gainer
| SYMBOL | CMP | Chg (%) |
|---|---|---|
Note:Top Gainer - Nifty 50 More
JK Paper Ltd's Q2FY19 standalone net profit rises 93.5% yoy to Rs110cr
The company’s standalone revenue stood at Rs785.04cr, up 17% yoy but down 1.3% qoq.
Nov 12, 2018 12:11 IST India Infoline Research Team
JK Paper Ltd Q2FY19
Standalone Results Q2FY19: (Rs. in cr)
| Q2FY19 | YoY (%) | |
|---|---|---|
| Revenue | 785.04 | 17.0 |
| EBITDA | 204.79 | 47.5 |
| EBITDA Margin (%) | 26.1 | 539 |
| Net Profit (adjusted) | 109.57 | 93.5 |
----------------------------------------------------------------------------------------------------------------------------------------------------------------
JK Paper reported an excellent set of numbers for Q2FY19. The revenue for the quarter grew 17% yoy and declined by 1.3% qoq to Rs785cr. EBITDA came in at Rs205cr, up 47.5% yoy and 2.7% qoq. EBITDA margins expanded 539bps yoy and 101bps qoq to 26.1%. Reported PAT grew 93.5% yoy and 15.2% qoq to Rs110cr.
- The top-line growth is likely to have been driven by broad based volume growth and higher realisations. The increase in realisation in copier paper segment is expected to be ~5%.
- Dollar appreciation would have marginally aided blended realisation on yoy basis.
- Gross margins improved by 233bps yoy and 155bps qoq, wich we believe is aided by better product mix.
- Power & fuel cost as percentage of sales declined by 118bps yoy while other expenses declined by 159bps yoy.
- Finance cost declined from Rs33cr in Q2FY18 to Rs28cr in the current quarter and other income increased by 63.6% yoy to Rs10cr, aiding overall profitability.
Technical View:
JK Paper Ltd is currently trading at Rs. 180.70, down by 4.7 points or 2.54% from its previous closing of Rs. 185.40 on the BSE.
The scrip opened at Rs. 185.50 and has touched a high and low of Rs. 186.65 and Rs. 179.35 respectively. So far 19,35,885 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
