JK Paper reports 58.27 percent rise in net profit at Rs 95.14 crore for Q1
The company had posted a net profit of Rs 60.11 crore in April-June quarter a year ago, JK Paper said in a BSE filing.
JK Paper today reported 58.27 percent rise in standalone net profit at Rs 95.14 crore for the June quarter on better-operating margins and improved performance.
Total income in the said quarter stood at Rs 801.79 crore. It was Rs 671.02 crore in the year-ago period.
The company said revenue for the June quarter is not comparable as it is reported net of GST revenue.
Total expenses of the company were at Rs 654.62 crore.
"Market for the company’s products remains strong. This along with better-operating efficiencies, enriched product mix, and lower finance cost has resulted in improved performance," JK Paper Vice-Chairman & MD Harsh Pati Singhania said.
"Effective steps are being taken for implementation of the same. Post-acquisition, the company’s total capacity will increase to 6 lakh tonne per annum," said JK Paper.
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