Paper & Paper Products company JK Paper announced consolidated Q1FY24 results: Turnover of Rs 1,663.97 crore (up 10% YoY), EBITDA of Rs 532.03 crore (up 16% YoY) Profit after Tax (PAT) of Rs 308.67 crore (up 18 % YoY) Commenting on the results, Shri Harsh Pati Singhania, Vice-Chairman & Managing Director, said, "On a consolidated basis, the results have improved due to the acquisition of corrugation business during last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation. However, the packaging board business witnessed a drop in volume and sales realization and was impacted by higher pulp carrying cost." Result PDF
JK Paper announced Q4FY23 & FY23 results: Consolidated FY23: Highest ever Consolidated Turnover of Rs, 6,772.17 crore (up 60%) EBITDA of Rs 2,184.45 crore (up 95%) Profit after Tax (PAT) of Rs 1,195.79 crore (up 120%) Consolidated Q4FY23: Turnover of Rs 1,806.99 crore (up 26%) EBITDA of Rs 524.74 crore (up 47%) Profit after Tax (PAT) of Rs.280.26 Crore (up 65 %) compared to Q4FY22. The Board of Directors has recommended a final Dividend of Rs 4/- per share (40%), on the Equity Share Capital for the Financial Year ended 31st March, 2023. This is in addition to the lnterim Dividend of Rs 4/- (40%) per equity share declared and paid by the Board of Directors during the said financial year. Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said, "Higher volume coupled with increased realisation led to better operating performance during the year. Q4(Jan-Mar'23) however, witnessed reduced selling prices in certain product segments in line with global prices. Correspondingly some input costs have also softened. Our new capacity in Packaging Board has helped us to reach out to new customers and develop additional product range." Result PDF
JK Paper announced Q3FY23 results: Consolidated Q3FY23 & 9MFY23: Turnover of Rs 1,734.50 crore (up 59%), EBITDA of Rs 614.49 crore (up 116%), and Profit after Tax (PAT) of Rs 329.32 crore (up 119 %) for the quarter ended Q3FY23 compared to the corresponding quarter of the previous financial year. the Nine Months period upto 9MFY23, Turnover was Rs 4,965.18 crore (up 76%), EBITDA Rs 1,659.71 crore (up 117%) and Profit after Tax (PAT) Rs 915.53 crore (up 146 %). Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said, “Higher capacity utilization and growth in sales volume across all segments helped the company to improve it’s market share and deliver better performance. While there has been a sharp increase in major input costs , higher realization from the market has helped in its mitigation.“ He added, “The Sirpur Paper Mills Ltd., also contributed significantly to the Company’s overall profitable growth.” Result PDF
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