1 min read.Updated: 31 Jul 2018, 11:12 PM ISTLivemint
JK Paper today posted a 58% rise in profit after tax in the first quarter of 2018-19 at 95.14 crore, up from 60.11 crore in the same period a year ago
New Delhi: JK Paper Ltd on Tuesday posted a 58% rise in profit after tax in the first quarter of 2018-19 at ₹ 95.14 crore, up from ₹ 60.11 crore in the same period a year ago.
The company’s gross revenue from operations was ₹ 852.61 crore and EBITDA ₹ 206.17 crore compared to ₹ 720.14 crore and ₹ 159.53 crore, respectively, rising 18% and 29% over the same quarter of 2017-18.
EBITDA denotes earnings before interest, depreciation and amortisation and indicates the financial health of a company.
JK Paper’s improved EBIDTA margin and deleveraging contributed to a rating upgrade by CRISIL.