JK Paper Q1 net profit zooms 109.64% at Rs 204.84 cr
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The company reported standalone net profit of Rs 204.84 crore for the quarter ended June 30, 2022 as compared to Rs 97.71 crore in the same period last year, registering a year-on-year growth of 109.64 per cent. Net revenue of the company rose triple digit by 117.25 per cent at Rs 1,437.12 crore in April-June quarter of this fiscal as against Rs 661.52 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 123.76 per cent to Rs 1,070.56 crore from Rs 478.44 crore in year ago period. Other Income dipped by 22.30 per cent at Rs 15.71 crore versus (Jun'21 Rs 20.22 crore). Operating Profit surged by 100.22 per cent to Rs 366.56 crore as against Rs 183.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.84 per cent in June quarter. Interest declined by 20.03 per cent y-o-y to Rs 19.52 crore, while Taxation increased by 128.51 per cent at Rs 99.24 crore (Jun'21 Rs 43.43 crore).
