JK Paper announced Q2FY23 results: The Consolidated Turnover of Rs.1,722.63 Crore (up 72%), EBITDA of Rs.587.13 Crore (up 130%) and Profit after Tax (PAT) of Rs.324.23 Crore (up 174 %) after providing Rs. 33.64 Crore as Exceptional Item for Q2FY23 as compared to Q2FY22. For H1FY23, the Consolidated Turnover of Rs. 3,230.68 Crore (up 88%), EBITDA of Rs. 1045.22 Crore (up 118%) and Profit after Tax (PAT) of Rs. 586.21 Crore (up 164 %) which exceeds last year full year PAT in the first six months of this year. Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said, “the Company was able to deliver improved performance on a QoQ and YoY basis due to growth in volume driven by the ramp-up of new Packaging Board capacity coupled with overall better realisation despite the adverse impact of higher input costs. The finance cost was also lower on account of effective working capital management and reduction in interest rate through negotiation". Result PDF
JK Paper Announced Q1FY23 Result : JK Paper Ltd., one of India’s largest Paper Companies recorded its best ever quarterly consolidated turnover at Rs.1,508.05 Crore (up 109%), an EBITDA of Rs.458.09 Crore (up 104%) and Profit after Tax (PAT) of Rs.264.23 Crore (up 154 %) for the quarter ended June’22 (Q1) as compared to corresponding quarter of previous financial year. Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said, “the Company was able to deliver strong performance on a quarter to quarter and YoY basis on the strength of higher production and sales volume and enhanced sales realisation coupled with an enriched product mix. This is inspite of adverse impact of substantial increase in major input costs in the recent period. Demand for Paper and Board continues to remain strong. The new Packaging Board Line has stabilised well and achieved high capacity utilisation." Result PDF
Conference Call with JK Paper Management and Analysts on Q4FY22 Performance and Outlook. Watch the full earnings transcript.