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.