JK Paper Q1 Results: Reports 55% drop in net profit amid high wood prices

By Aditya Bhagchandani Published on July 24, 2024, 18:11 IST

JK Paper Ltd reported a deep dive of 54.8% in net profit for the first quarter ending June 30, 2024. The company reported a net profit of ₹139.7 crore, down from ₹308.7 crore in the same period last year.

Despite the profit decline, revenue from operations rose by 8.2% to ₹1,713.7 crore, compared to ₹1,584.4 crore in the previous year.

The company’s operating earnings before interest, tax, depreciation, and amortization (EBITDA) fell by 41.3% to ₹280.4 crore. The EBITDA margin also decreased to 16.4% from 30.1% a year ago, reflecting the impact of rising wood prices.

JK Paper’s shares ended the trading day at ₹563.90, up by ₹8.50 or 1.53%, on the BSE. The financial results were announced after market hours.

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Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.