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JK Paper Q2 net more than doubles to Rs 327 crore, revenue rises 72%

on Wednesday reported greater than two-fold enhance in consolidated web revenue at Rs 326.93 crore within the second quarter of FY23, helped by increased gross sales quantity and enhanced gross sales realisation.

The corporate had logged a web revenue of Rs 118.38 crore within the July-September interval a 12 months in the past, stated in a regulatory submitting.

Its income from operations went up 72.34 per cent to Rs 1,722.63 crore. It stood at Rs 999.51 crore within the corresponding quarter final 12 months.

JK Paper’s complete bills have been at Rs 1,207.40 crore, up 49.6 per cent within the September quarter.

Vice Chairman & Managing Director H P Singhania stated: “The corporate was capable of ship an improved efficiency on a quarter-to-quarter and YoY foundation attributable to development in quantity pushed by the ramp-up of latest packaging board capability coupled with general higher realisation regardless of the hostile impression of upper enter prices.”

The finance price was additionally decrease on account of efficient working capital administration and discount in rate of interest by means of negotiation, he stated.

The Sirpur Paper Mills, a step-down subsidiary, contributed to the corporate’s general worthwhile development with increased quantity, improved efficiencies and better gross sales realisation, Singhania added.

is among the many high makers of copier paper, coated paper and packaging boards within the nation.

Shares of JK Paper Ltd on Wednesday settled at Rs 409.90 apiece on the BSE, down 2.07 per cent from the earlier shut.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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