JK PAPER Announces Quarterly Results (1QFY21); Net Profit Down 81.6%

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JK PAPER Announces Quarterly Results (1QFY21); Net Profit Down 81.6%
Mon, 24 Aug

JK PAPER has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

JK PAPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m7,1257,3024,636-36.5%-34.9%
Other incomeRs m2081861913.0%-8.2%
TurnoverRs m7,3347,4884,827-35.5%-34.2%
ExpensesRs m4,6675,4863,852-29.8%-17.5%
Gross profitRs m2,4591,817784-56.8%-68.1%
DepreciationRs m3513463675.9%4.4%
InterestRs m315310264-14.7%-16.1%
Profit before taxRs m2,0011,346345-74.4%-82.8%
TaxRs m64043395-78.1%-85.2%
Profit after taxRs m1,362914251-72.6%-81.6%
Gross profit margin%34.524.916.9
Effective tax rate%32.032.127.4
Net profit margin%18.612.25.2
* 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 34.9% on a year-on-year (YoY) basis. The expenses were down by 17.5% YoY during the same period.
  • The company's operating profit declined by 68.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.9% in 1QFY21 as against 34.5% in 1QFY20.
  • Depreciation charges increased by 4.4% and finance costs declined by 16.1% YoY, respectively.
  • Other income declined by 8.2% YoY during the quarter.
  • Net profit for the quarter declined by 81.6% YoY. Net profit margins during the quarter declined from 18.6% in 1QFY20 to 5.2% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 36.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 29.8% QoQ during the same period.
  • The company's operating profit declined by 56.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.9% in 1QFY21 as against 24.9% in 4QFY20.
  • Net profit for the quarter declined by 72.6% QoQ, while net profit margins declined from 12.2% in 4QFY20 to 5.2% in 1QFY21.

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

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JK PAPER Share Price Performance

Over the last one year,JK PAPER share price has moved up from Rs 96.3 to Rs 101.1, registering a Gain of Rs 4.8 or around 5.0%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 101.1, the price to earnings (P/E) ratio of JK PAPER stands at 4.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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JK PAPER 2020-21 Annual Report Analysis (Annual Result Update)

Sep 6, 2021 | Updated on Sep 6, 2021

Here's an analysis of the annual report of JK PAPER for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of JK PAPER. Also includes updates on the valuation of JK PAPER.

JK PAPER Announces Quarterly Results (1QFY22); Net Profit Up 3818.0% (Quarterly Result Update)

Aug 3, 2021 | Updated on Aug 3, 2021

For the quarter ended June 2021, JK PAPER has posted a net profit of Rs 1 bn (up 3818.0% YoY). Sales on the other hand came in at Rs 7 bn (up 40.8% YoY). Read on for a complete analysis of JK PAPER's quarterly results.

JK PAPER 2019-20 Annual Report Analysis (Annual Result Update)

Dec 3, 2020 | Updated on Dec 3, 2020

Here's an analysis of the annual report of JK PAPER for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of JK PAPER. Also includes updates on the valuation of JK PAPER.

JK PAPER Announces Quarterly Results (4QFY20); Net Profit Down 18.6% (Quarterly Result Update)

May 14, 2020 | Updated on May 14, 2020

For the quarter ended March 2020, JK PAPER has posted a net profit of Rs 914 m (down 18.6% YoY). Sales on the other hand came in at Rs 7 bn (down 9.5% YoY). Read on for a complete analysis of JK PAPER's quarterly results.

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