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IDBI Capital Report
JK Paper Ltd.’s Q4 FY21 result was beat to our estimates on key parameters.
The company reported another quarter of an all-round performance aided by higher volume as well as improved net sales realisation.
Net sales increased by 22.1% YoY to Rs 8,982 million, while Ebitda came in at Rs 2,284 million, up by 29.4% YoY.
It reported net profit of Rs 1,361 million, a healthy growth of 46.8% over Q4 FY20.
The management’s prudent strategies on price hike and focus on increasing sales volume led to outperformance despite challenging business environment.
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