JK Paper Q4FY22 PAT up 13.17% at Rs170 crore on robust top line sales growth

16 May 2022 , 12:57 AM

JK Paper Ltd reported 30.89% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,339.82 crore. On a sequential basis, revenues were higher for the quarter by 49.17%.

For full year FY22, the revenues were higher by 44.3% at Rs3,969 crore. For Q4FY22, there was a surge in paper sales volumes due to reopening of schools across cities.

This more than compensated for the spike in material costs. The board of directors of JK Paper has recommended a final dividend of Rs.5.50 per share subject to owner approval.

The consolidated net profit for Q4FY22 was up 13.17% at Rs170 crore while it was up on a sequential basis by 25.19%.

For FY22, the net cash from operations increased smartly by 62.9% at Rs774 crore due to higher cash profits and inventory efficiency gains. Company saw improvement in debt service coverage ratios.

Operating margins tapered slightly from 27.76% to 26.72% on a yoy basis on input cost impact. Net margins were 10.04% in Q4FY22 quarter compared to 7.10% in Q4FY21. NPM was higher as compared to 6.36% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	JK Paper
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,339.82	₹ 1,023.62	30.89%	₹ 898.16	49.17%
Net Profit (Rs cr)	₹ 170.00	₹ 150.21	13.17%	₹ 135.79	25.19%
Diluted EPS (Rs)	₹ 10.03	₹ 8.87		₹ 7.89
Net Margins	12.69%	14.67%		15.12%