IDBI Capital: JK Paper - Higher Volume Supported Q2 Sales Growth 
A worker checks a roll finished roll of newsprint paper, weighing close to four tons, on the production line (Photographer: James MacDonald/Bloomberg)

IDBI Capital: JK Paper - Higher Volume Supported Q2 Sales Growth 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

JK Paper Ltd.’s Q2 FY21 result was above our estimates on key parameters.

The company’s writing and printing paper demand remained subdued in Q2, while packaging board growth has returned to pre-Covid-19 level.

Net sales declined by 19.2% YoY to Rs 6,383 million.

Ebitda came in at Rs 1,402 million, down by 41.3% YoY, while Ebitda margin declined by 824 basis points to 22% over Q2 FY20.

The company reported net profit of Rs 679 million, lower by 48.9% YoY.

Click on the attachment to read the full report:

IDBI Capital JK Paper Q2FY21 Result Update.pdf

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