JK Paper Q3 net up 18% at Rs 132-crore
JK Paper reported 18% increase in consolidated net profit at Rs 131.85 crore in the third quarter ended December 2019, on the back of lower input costs and high operating efficiencies. The company had posted consolidated net profit of Rs 111.44-crore in the same quarter last fiscal, JK Paper said.
03 Feb 2020 | 1964 Views | By Dibyajyoti Sarma
Total income during the period under review stood at Rs 849.25-crore as compared to Rs 883.56-crore in the year-ago period.
Harsh Pati Singhania, managing director, JK Paper, said the company was able to deliver strong EBITDA and net profit despite reduction in selling prices during the quarter, due to lower input costs and continued high operating efficiencies.
“Lower finance cost arising from de-leveraging has also contributed favourably. Increased procurement from areas closer to the mills resulting from the company's plantation activities has led to a steady reduction in raw-material cost,” he added.
Emami Paper Mills net profit rises 222.86%
The net profit of Emami Paper Mills rose 222.86% to Rs 18.50-crore in the quarter ended December 2019 as against Rs 5.73-crore during the previous quarter ended December 2018. Sales rose 7.36% to Rs 400.08-crore in the quarter ended December 2019 as against Rs 372.64-crore during the previous quarter ended December 2018.
Seshasayee Paper & Boards net profit declines 8.78%
The net profit of Seshasayee Paper & Boards declined 8.78% to Rs 45.82-crore in the quarter ended December 2019 as against Rs 50.23-crore during the previous quarter ended December 2018. Sales declined 19.49% to Rs 285.46 crore in the quarter ended December 2019 as against Rs 354.55-crore during the previous quarter ended December 2018.
(Courtesy agencies)