JK Paper Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 21, 2017 at 04:47 pm IST
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JK Paper Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of INR 6,659.7 million against INR 6,272.2 million a year ago. Profit from operations before other income and finance cost was INR 938.1 million against INR 653.7 million a year ago. Profit from ordinary activities before tax was INR 518.4 million against INR 188.2 million a year ago. Net profit for the period was INR 358.9 million against INR 131.4 million a year ago. Diluted earnings per share before and after extraordinary items were INR 2.06 against INR 0.85 a year ago. EBITDA was INR 1,310 million compared to INR 990 million a year ago.
For the nine months, the company reported net sales of INR 20,120.2 million against INR 18,571.6 million a year ago. Profit from operations before other income and finance cost was INR 2,808.7 million against INR 2,087.5 million a year ago. Profit from ordinary activities before tax was INR 1,527.9 million against INR 659.7 million a year ago. Net profit for the period was INR 1,065.1 million against INR 459.8 million a year ago. Diluted earnings per share before and after extraordinary items were INR 6.23 against INR 3.05 a year ago. EBITDA was INR 3,890 million compared to INR 3,080 million 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.