JK Paper Q4 net profit jumps 40.96% at Rs 128.78 cr
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The company reported standalone net profit of Rs 128.78 crore for the quarter ended March 31, 2021 as compared to Rs 91.36 crore in the same period last year, registering a year-on-year growth of 40.96 per cent. Net revenue of the company rose substantially by 22.89 per cent at Rs 897.37 crore in January-March quarter of this fiscal as against Rs 730.20 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 21.95 per cent to Rs 668.96 crore from Rs 548.55 crore in year ago period. Other Income dipped by 13.40 per cent at Rs 16.09 crore versus (Mar'20 Rs 18.58 crore).
Operating Profit surged by 25.74 per cent to Rs 228.41 crore as against Rs 181.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.29 per cent in March quarter. Interest declined by 34.95 per cent y-o-y to Rs 20.14 crore, while Taxation increased by 31.86 per cent at Rs 57.07 crore (Mar'20 Rs 43.28 crore).
