JK Paper Q1 profit rises 58% to ₹95.14 crore, sales climb 18%

1 min read 31 Jul 2018, 07:20 PM IST Livemint

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

JK Paper’s improved EBIDTA margin and deleveraging contributed to a rating upgrade by CRISIL

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.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!