JK Paper declined 1.14% to Rs 134.60 after consolidated profit before tax (PBT) fell 0.8% to Rs 188.36 crore in Q3 December 2019 over Q3 December 2018.
On a consolidated basis, net profit rose 15.9% to Rs 131.86 crore in Q3 December 2019 as against Rs 113.80 crore in Q3 December 2018. Net sales declined 5.6% to Rs 820.65 crore year-o-year (YoY). Total expenditure fell 5.42% to Rs 590 crore YoY. The result was declared after trading hours yesterday, 27 January 2020.
"During the quarter, the company was able to maintain its performance despite lower sales realisations due to reduction in input costs and continued higher operating efficiencies," the company said in a statement.
JK Paper is a leading paper manufacturing company in India.
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