JK Paper Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
October 27, 2016 at 06:14 am EDT
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JK Paper Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported net sales/income from operations of INR 7,086.8 million against INR 6,203.9 million for the same period a year ago. Profit before interest and depreciation (EBITDA) was INR 1,412.2 million against INR 1069.6 million for the same period a year ago. Profit from operations before other income, finance costs was INR 1,035.5 million against INR 722.4 million for the same period a year ago. Profit from ordinary activities before tax was INR 621.3 million against INR 257.5 million for the same period a year ago. Net profit was INR 439.6 million against INR 179.5 million for the same period a year ago. Earnings per diluted share (before and after extraordinary items) were INR 2.59 against INR 1.18 for the same period a year ago. EBIT was INR 1,110 million against INR 780 million for the same period a year ago.
For the six months ended, the company reported net sales/income from operations (net of excise duty) of INR 13,460.5 million against INR 12,299.4 million for the same period a year ago. Profit before interest and depreciation (EBITDA) was INR 2,579.2 million against INR 2,096.5 million for the same period a year ago. Profit from operations before other income, finance costs was INR 1,870.6 million against INR 1,433.8 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,009.5 million against of INR 471.5 million for the same period a year ago. Net profit was INR 706.2 million against net loss of INR 328.4 million for the same period a year ago. Earnings per diluted share (before and after extraordinary items) were INR 4.22 against INR 2.21 for the same period a year ago. Return on equity was 14.8%. EBIT was INR 1,980 million against INR 1,510 million 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.