The company said improved realisation, better operating parameters and reduced finance cost contributed to increased profitability during the quarter.
JK Paper is well-positioned due to its strong market position, with a presence in high quality paper segments, cost leadership and integrated production capacities
With total investment of roughly Rs 24,000 crore ($3.5 billion) , Asia Pulp and Paper (APP) to set up India’s largest paper mill with a capacity of a staggering five million tonnes per annum
We expect RBI to turn dovish; rate cuts would depend on the trajectory of inflation which seems under control for now
Timely expansion of the existing capacity and relative advantage in sourcing input are the key differentiators that will drive the future profitability of paper companies
Macro factors such as favourable demand–supply dynamics and micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
Its total income rose 17.47 percent to Rs 795.46 crore in the quarter under review, as against Rs 677.11 crore in the same period previous fiscal.
It further said, "The company, due to their continued illegal and unlawful activities of stoppage of work, has declared a lockout with effect from today August 31, 2018, at the said unit and it shall continue till further notice in this regard".
Going forward, integrated player like JK Paper with access to all major inputs and ability to increase capacity will be able to sustain and improve margin
The Hyderabad bench of the National Company Law Tribunal (NCLT) today admitted the resolution plan submitted by JK Paper, the company said in a regulatory filing.
The performance improvement seen in paper companies is on the back of positive change in industry dynamics (i.e. demand-supply equation) and rise in operating margin on reduced raw material costs.
India has initiated an anti-dumping probe into imports of a certain kind of paper from Indonesia, Thailand and Singapore following complaints from some domestic companies.
JK Paper reported a two-fold increase in net profit to Rs 60.11 crore for the first quarter ended June 30 on the back of higher sales.
According to Avinnash Gorakssakar, Market Expert, one can stay invested in JK Paper.
Prakash Gaba of prakashgaba.com advises buying JK Paper between Rs 60-85.
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