JK Paper Ltd. Reports Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2016
May 06, 2016 at 09:18 am EDT
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JK Paper Ltd. reported unaudited standalone earnings results for the fourth quarter and audited standalone and consolidated earnings results for the year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales (net of excise duty) of INR 6,577.3 million against INR 5,750.6 million for the same period a year ago. Profit before interest and depreciation (EBITDA) was INR 1,141.0 million against INR 926.3 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 827.0 million against INR 623.2 million for the same period a year ago. Profit from ordinary activities before tax was INR 400.4 million against INR 86.0 million for the same period a year ago. Net profit for the period was INR 272.8 million against net loss of INR 180.7 million for the same period a year ago. Earnings per diluted share (before and after extraordinary items) was INR 1.62 against INR 1.19 for the same period a year ago.
For the year, on standalone basis, the company reported net sales (net of excise duty) of INR 24,216.8 million against INR 21,385.5 million for the same period a year ago. Profit before interest and depreciation (EBITDA) was INR 4,208.3 million against INR 2,664.9 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,987.7 million against INR 1,407.5 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,151.2 million against loss from ordinary activities before of INR 510.3 million for the same period a year ago. Net profit for the period was INR 795.6 million against net loss for the period INR 127.4 million for the same period a year ago. Earnings per diluted share (before and after extraordinary items) was INR 5.03 against loss per diluted share (before and after extraordinary items) of INR 0.93 for the same period a year ago.
For the year, on consolidated basis, the company reported net sales (net of excise duty) of INR 24,277.4 million against INR 21,398.3 million for the same period a year ago. Profit before interest and depreciation (EBITDA) was INR 4,194.8 million against INR 2,673.5 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,984.0 million against INR 1,426.3 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,098.8 million against loss from ordinary activities before tax of INR 595.8 million for the same period a year ago. Net profit for the period was INR 729.2 million against net loss for the period of INR 184.2 million for the same period a year ago. Earnings per diluted share (before and after extraordinary items) was INR 4.67 against loss per diluted share (before and after extraordinary items) of INR 1.35 for the same period a year ago.
JK Paper Limited is an India-based producer of papers and paper boards. The Company offers various products office documentation papers, uncoated paper & board, coated paper & board, and packaging board. It offers a range of office documentation papers from economy to premium grades. The product includes photocopy and multi-purpose papers for use in desktop, inkjet and laser printers, fax machines, photocopiers and multi-functional devices. It offers a range of such uncoated writing & printing paper for varied needs, including the super bright JK Maplitho. Its Uncoated Paper & Board products include JK Bond, JK MICR Cheque Paper, JK Parchment Paper, JK SS Pulpboard, JK ELEKTRA, JK FINESSE, JK LUMINA and JK SHB. Its Coated Paper & Board products include JK Cote (Matt/Gloss), JK Superkote / JK Cote Premium (Gloss) and JK Cote Chromo (Matt/Gloss). Its Packaging Board products include JK Ultima, JK TuffCote, JK TuffPac, JK Endura, JK IV Board, JK Club Card, JK FBL, JK FBU and other.
JK Paper Ltd. Reports Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2016