Moneycontrol PRO
Loans
Loans
HomeNewsBusinessEarningsJK Paper Q1 net rises 29.7% to Rs 123.45 crore

JK Paper Q1 net rises 29.7% to Rs 123.45 crore

The company had posted a net profit of Rs 95.19 crore in April-June quarter a year ago, JK Paper said in a BSE filing.

July 23, 2019 / 20:34 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    JK Paper Ltd July 23 reported 29.68 per cent rise in its consolidated net profit to Rs 123.45 crore for the first quarter ended June 30.

    The company had posted a net profit of Rs 95.19 crore in April-June quarter a year ago, JK Paper said in a BSE filing.

    Its total income during the quarter under review fell 8.57 per cent to Rs 732.32 crore, from Rs 801.03 crore in the corresponding quarter last fiscal.

    "Lower input costs, better operating parameters and higher realisations coupled with enriched product mix have helped the Company post improved results during the quarter. Higher procurement from areas closer to the mill has contributed to reduction in raw material costs," JK Paper Vice Chairman & MD H P Singhania said.

    Its total expenses stood at Rs 544.25 crore as against Rs 653.76 crore, down 16.75 per cent. Shares of JK Paper Ltd on Tuesday settled at Rs 114.05 apiece on the BSE, up 1.47 per cent from previous close.

    PTI
    first published: Jul 23, 2019 08:24 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347