JK PAPER Announces Quarterly Results (2QFY20); Net Profit Up 21.3%

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JK PAPER Announces Quarterly Results (2QFY20); Net Profit Up 21.3%
Wed, 6 Nov

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

JK PAPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,8507,1257,90310.9%0.7%
Other incomeRs m1042082237.2%114.4%
TurnoverRs m7,9557,3348,12610.8%2.2%
ExpensesRs m5,8034,6675,51618.2%-4.9%
Gross profitRs m2,0482,4592,387-2.9%16.6%
DepreciationRs m3123513540.7%13.3%
InterestRs m280315313-0.5%11.8%
Profit before taxRs m1,5602,0011,944-2.8%24.6%
TaxRs m464640615-3.9%32.5%
Profit after taxRs m1,0961,3621,329-2.4%21.3%
Gross profit margin%26.134.530.2
Effective tax rate%29.832.031.6
Net profit margin%13.818.616.4
* 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 grew 0.7% on a year-on-year (YoY) basis. The expenses were down by 4.9% YoY during the same period.
  • The company's operating profit increased by 16.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.2% in 2QFY20 as against 26.1% in 2QFY19.
  • Depreciation charges increased by 13.3% and finance costs increased by 11.8% YoY, respectively.
  • Other income increased by 114.4% YoY during the quarter.
  • Net profit for the quarter increased by 21.3% YoY. Net profit margins during the quarter increased from 13.8% in 2QFY19 to 16.4% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.2% QoQ during the same period.
  • The company's operating profit declined by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.2% in 2QFY20 as against 34.5% in 1QFY19.
  • Net profit for the quarter declined by 2.4% QoQ, while net profit margins declined from 18.6% in 1QFY19 to 16.4% in 2QFY20.

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

Free Report: The Biggest Wealth Creating Opportunity in India. Download Now...

JK PAPER Share Price Performance

Over the last one year,JK PAPER share price has moved down from Rs 178.7 to Rs 118.4, registering a Loss of Rs 60.3 or around 33.7%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 118.4, the price to earnings (P/E) ratio of JK PAPER stands at 4.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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JK PAPER Announces Quarterly Results (3QFY20); Net Profit Up 10.0% (Quarterly Result Update)

Jan 29, 2020 | Updated on Jan 29, 2020

For the quarter ended December 2019, JK PAPER has posted a net profit of Rs 1 bn (up 10.0% YoY). Sales on the other hand came in at Rs 8 bn (down 5.5% YoY). Read on for a complete analysis of JK PAPER's quarterly results.

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

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For the quarter ended June 2019, JK PAPER has posted a net profit of Rs 1 bn (up 43.1% YoY). Sales on the other hand came in at Rs 7 bn (down 10.4% YoY). Read on for a complete analysis of JK PAPER's quarterly results.

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