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JK Paper pens a healthy story in Q3 FY23

Khushboo Rai   •

Robust earnings traction in Q3, aided by a strong jump in volumes and realisations

JK Paper: JK Paper Q3 profit surges 119% YoY to Rs 329 crore as revenue grows 60%, operating margin jumps 985 bps. The paper manufacturer has recorded a 119% year-on-year increase in consolidated profit at Rs 329.3 crore for three-month period ended December FY23, as revenue grew by 60.5% YoY to Rs 1,643 crore for the quarter. On the operating front, EBITDA surged 125% YoY to Rs 565.5 crore and margin expanded by 985 bps to 34.4% in Q3FY23.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More