In the corresponding quarter of the previous fiscal, JK Paper posted a net profit of ₹305.7 crore, the company said in a regulatory filing. The company’s revenue from operations increased 2% to ₹1,683 crore as against ₹1,650 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA dropped 35.3% to ₹263.6 crore in the second quarter of this fiscal over ₹407.3 crore in the corresponding period in the previous fiscal.
EBITDA margin stood at 15.7% in the reporting quarter as compared to 24.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
For the half year ended September 2024, the consolidated turnover was ₹3,582 crore, EBITDA ₹605 crore and Profit After Tax ₹268 crore.
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Harsh Pati Singhania, Chairman and Managing Director, said, “The results have been primarily affected due to continuing high wood cost. Sizeable increase in imports at much lower prices have significantly impacted volume and realisation in the Printing & Writing and Packaging Board Segment.”
The results came after the close of the market hours. Shares of JK Paper Ltd ended at ₹457.00, down by ₹9.80, or 2.10% on the BSE.
