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.
JK Paper announced Q4FY22 results: Q4FY22: Turnover at Rs.1,430.87 Crore (up 46%) EBITDA of Rs.357.97 Crore (up 35%) Profit after Tax (PAT) of Rs.170.17 Crore (up 25%) FY22: Consolidated Turnover touched Rs. 4,244.33 Crore (up 41%) EBITDA Rs. 1,121.63 Crore (up 67%) PAT Rs. 543.82 Crore (up 130%) The Board recommended an enhanced Dividend of Rs.5.50 per share (55%), amounting to Rs. 93.17 Crore Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said “the Company turned in a strong performance in Q4 on the back of robust demand leading to higher sales volume and better realisation, inspite of substantial increase in major input costs in the last few months. The Year as a whole (FY 21-22) has been quite satisfactory, with the Company recording its highest ever Turnover and Profits. The Sirpur Paper Mills Ltd., a step down subsidiary, continued to contribute in improved performance and overall growth.” Result PDF