JK Paper Q1 Review - Net Sales Improved Despite Challenging Times: IDBI Capital
Rolls of paper sit at the printing facility. (Photographer: Xaume Olleros/Bloomberg)

JK Paper Q1 Review - Net Sales Improved Despite Challenging Times: IDBI Capital

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IDBI Capital Report

JK Paper Ltd. reported a stellar Q1 FY22 result which was ahead of our estimates on key parameters.

Despite state wise lockdown in April and May, JK Paper reported healthy sales volume growth and improvement in net sales realisation.

Net sales increased by 40.8% YoY to Rs 6,608 million, while Ebitda came in at Rs 1,904 million, up by 204% YoY.

It reported net profit of Rs 1,043 million compared to net profit of Rs 26 million in Q1 FY21.

The management guided that as offices are resuming and higher grade of education institutes are opening, demand for copier paper and uncoated paper is poised to bounce back.

Click on the attachment to read the full report:

IDBI Capital JK Paper Q1FY22 Result Update.pdf

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