JK Paper Limited Records Strong Q1 Performance with 18% YoY Rise in Net Profit

25 Jul 2023 , 12:02 PM

JK Paper Limited, a leading paper manufacturer specializing in copier paper, packaging boards, and specialty papers, reported a notable financial performance for the April-June quarter of the current financial year.

The net profit for Q1FY24 reached Rs 313 crore, reflecting an impressive 18 % YoY increase from Rs 264 crore in the same quarter of the previous fiscal.

On a sequential basis, the net profit showed a 10 % rise from Rs 284 crore in the previous quarter (Q4FY23). Revenue from operations witnessed significant growth of 16 % YoY, reaching Rs 1,664 crore compared to Rs 1,430 crore in Q1FY23.

However, sequentially, revenue experienced a 3.2 % dip from Rs 1,719 crore in the March quarter of FY23. The earnings before interest, tax, depreciation, and amortization (EBITDA) surged to Rs 532.03 crore, surpassing the Rs 458 crore reported in the year-ago period.

JK Paper Limited operates multiple units across India, catering to various industries such as packaging, printing, publishing, and stationery. With a 30 % market share in the branded copier segment, the company boasts an installed production capacity of 7,61,000 tonnes per annum.

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