JK PAPER Announces Quarterly Results (1QFY20); Net Profit Up 43.1%

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JK PAPER Announces Quarterly Results (1QFY20); Net Profit Up 43.1%
Thu, 25 Jul

JK PAPER has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

JK PAPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,9508,0687,125-11.7%-10.4%
Other incomeRs m68241208-13.6%207.4%
TurnoverRs m8,0188,3097,334-11.7%-8.5%
ExpensesRs m5,9565,8834,667-20.7%-21.6%
Gross profitRs m1,9942,1852,45912.5%23.3%
DepreciationRs m30831435111.8%14.1%
InterestRs m282348315-9.5%11.5%
Profit before taxRs m1,4721,7642,00113.4%36.0%
TaxRs m520642640-0.4%22.9%
Profit after taxRs m9511,1221,36221.3%43.1%
Gross profit margin%25.127.134.5
Effective tax rate%35.436.432.0
Net profit margin%11.913.518.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 10.4% on a year-on-year (YoY) basis. The expenses were down by 21.6% YoY during the same period.
  • The company's operating profit increased by 23.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.5% in 1QFY20 as against 25.1% in 1QFY19.
  • Depreciation charges increased by 14.1% and finance costs increased by 11.5% YoY, respectively.
  • Other income increased by 207.4% YoY during the quarter.
  • Net profit for the quarter increased by 43.1% YoY. Net profit margins during the quarter increased from 11.9% in 1QFY19 to 18.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.7% QoQ during the same period.
  • The company's operating profit increased by 12.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.5% in 1QFY20 as against 27.1% in 4QFY19.
  • Net profit for the quarter increased by 21.3% QoQ, while net profit margins increased from 13.5% in 4QFY19 to 18.6% in 1QFY20.

To see how JK PAPER has performed over the last eight quarters,please visit here.

JK PAPER Share Price Performance

Over the last one year,JK PAPER share price has moved up from Rs 111.7 to Rs 117.4, registering a Gain of Rs 5.7 or around 5.1%.

Overall, the S&P BSE SENSEX is up 3.4% over the year.

Current Valuations

At the current price of Rs 117.4, the price to earnings (P/E) ratio of JK PAPER stands at 4.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

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JK PAPER Announces Quarterly Results (4QFY19); Net Profit Up 52.5% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, JK PAPER has posted a net profit of Rs 1 bn (up 52.5% YoY). Sales on the other hand came in at Rs 8 bn (up 7.3% YoY). Read on for a complete analysis of JK PAPER's quarterly results.

JK PAPER Announces Quarterly Results (3QFY19); Net Profit Up 72.3% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, JK PAPER has posted a net profit of Rs 1 bn (up 72.3% YoY). Sales on the other hand came in at Rs 9 bn (up 9.9% YoY). Read on for a complete analysis of JK PAPER's quarterly results.

JK PAPER 2017-18 Annual Report Analysis (Annual Result Update)

Dec 31, 2018 | Updated on Dec 31, 2018

Here's an analysis of the annual report of JK PAPER for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JK PAPER. Also includes updates on the valuation of JK PAPER.

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