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