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JK Paper Q3 net profit falls 29 per cent to Rs 236 4 crore

JK Paper Q3 net profit falls 29 per cent to Rs 236 4 crore
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jk paper: JK Paper Q1 Results: Net profit rises 18% to Rs 313 crore

JK Paper Vice Chairman & Managing Director Harsh Pati Singhania said, "On a consolidated basis, the results have improved due to the acquisition of corrugation business in the last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation."

JK Paper shares tank 8% after Q3 earnings - The Hindu BusinessLine

JK Paper shares tank 8% after Q3 earnings PTI New Delhi | Updated on January 28, 2021 Shares of JK Paper Ltd on Thursday tanked 8 per cent after the company reported a decline of 51 per cent in its consolidated net profit for the third quarter ended December. The company’s stock opened the day on a lower note and further declined 7.36 per cent to ₹117 on the BSE. At the NSE, it plunged 8 per cent to ₹116. JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at ₹64.59 crore for the December quarter. The company had posted a net profit of ₹131.85 crore in the year-ago period, JK Paper said in a regulatory filing.

JK Paper reports decline of 51% in net profit at Rs 64 59 crore for Q3

JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December. The company had posted a net profit of Rs 131.85 crore in the October-December quarter a year ago, JK Paper said in a regulatory filing. Its total income was down 9.28 per cent to Rs 770.45 crore during the period under review as against Rs 849.25 crore in the corresponding period of the last fiscal, the company said. Total expenses of JK Paper, maker of branded copier paper, coated paper and packaging boards, was at Rs 667.45 crore as against Rs 660.89 crore.

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