Page 3 - Jk Paper

Uncertainity around Q2 performance of businesses: Harsh Pati Singhania

The return to normalcy will also depend largely on how quickly the consumers also recover from the overall impact of the coronavirus outbreak and the lockdown, he said

A brand of many firsts, the JK Group trying to live up to its legacy

The British-era company, which started as textiles business, has diversified significantly into other businesses to become the conglomerate it is today

JK Paper Q2 net up 14.3% to Rs 120.39 cr, total income rises 2.78%

JK Paper Ltd on Wednesday reported a 14.27 per cent increase in consolidated net profit at Rs 120.39 crore for the second quarter ended September 2019. The company had posted a net profit of Rs 105.35 crore in July-September quarter a year ago, JK Paper said in a BSE filing. Its total income rose 2.78 per cent to Rs 815.81 crore during the quarter under review as against Rs 793.67 crore in the corresponding quarter last year. "The growth in operating profit (EBITDA) was possible due to higher volume, lower input costs and better operating parameters despite declining trend in paper prices and higher imports," JK Paper Vice Chairman & Managing Director H P Singhania said. "Increased procurement from areas closer to the mill arising from the company's plantation activities has been contributing to reduction in raw material cost on a continuous basis," he added. JK Paper's total expenses fell 1.40 per cent to Rs 632.85 crore during July-September as against Rs 641.87 crore in the ..

JK Paper consolidated net profit rises 29.7% to Rs 123.45 crore in Q1

JK Paper Ltd Tuesday reported 29.68 per cent rise in its consolidated net profit to Rs 123.45 crore for the first quarter ended June 30. The company had posted a net profit of Rs 95.19 crore in April-June quarter a year ago, JK Paper said in a BSE filing. Its total income during the quarter under review fell 8.57 per cent to Rs 732.32 crore, from Rs 801.03 crore in the corresponding quarter last fiscal. "Lower input costs, better operating parameters and higher realisations coupled with enriched product mix have helped the Company post improved results during the quarter. Higher procurement from areas closer to the mill has contributed to reduction in raw material costs," JK Paper Vice Chairman & MD H P Singhania said. Its total expenses stood at Rs 544.25 crore as against Rs 653.76 crore, down 16.75 per cent. Shares of JK Paper Ltd on Tuesday settled at Rs 114.05 apiece on the BSE, up 1.47 per cent from previous close.

Paper stocks rally: JK Paper surges 13% on strong Q1 results

Star Paper Mills, West Coast Paper, NR Agarwal Industries, Ruchira Papers, Tamil Nadu Newsprint & Papers and Seshasayee Paper & Boards were up in the range of 3% to 8% on the BSE.

JK Paper: A bright spot in a forgotten industry

Leading Indian paper firms posted an annualised Ebitda of around Rs 520 cr in Q3 of FY17

JK Paper Q3 profit doubles to Rs 35.89 crore

It had posted a net profit of Rs 13.14 cr for Oct-Dec quarter of previous fiscal, JK Paper said

JK Paper net jumps 51%

Gross sales up 17% to Rs 786 cr; firm says new plant in Odisha, improved market share helped deliver better numbers