JK Paper declares Q3FY22 result: Consolidated Turnover & Profit After Tax (PAT) up by 35% & 134% respectively over Corresponding Quarter JK Paper Ltd., one of India’s largest Paper Companies recorded a Turnover of Rs.1,093.87 Crore (up 35%) and EBITDA of Rs.284.11 Crore (up 57%) on Consolidated basis over corresponding quarter ended December, 2020. Profit After Tax (PAT) improved to Rs. 151.05 Crore (up 134%). For the nine months ended December, 2021, Turnover was at Rs. 2,813.46 Crore (higher by 39%), EBITDA Rs. 763.66 Crore (higher by 87%) and PAT Rs. 373.65 Crore (higher by 271%) over corresponding period Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said “the improvement in Company’s performance is due to recovery in the paper segment and growth in Production and Sales volume coupled with higher realisation. This is despite sharp increase in major input costs in the recent period. JK Paper continued to maintain its leadership position in Cut –size office paper and a strong presence in Coated Paper, Packaging Board and niche products. Sirpur Paper Mills Ltd., a step down subsidiary, turned in strong performance.” He added, “the commercial production of the new Packaging Board Plant at Unit CPM, Gujarat, has commenced from 14th January, 2022. This will increase the Company’s total Paper & Board capacity to 7.61 Lac TPA on Consolidated basis and will enhance market share in fast growing Packaging Board segment. JK Paper continued to focus on developing plantations which helps raw material security as well as creating jobs for farmers in the local community.” Result PDF