JK Paper rise on reporting 24% rise in Q2 consolidated net profit
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JK Paper is currently trading at Rs. 415.00, up by 5.10 points or 1.24% from its previous closing of Rs. 409.90 on the BSE.
The scrip opened at Rs. 412.00 and has touched a high and low of Rs. 419.00 and Rs. 409.45 respectively. So far 88510 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.95 on 17-Aug-2022 and a 52 week low of Rs. 192.00 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 424.80 and Rs. 401.40 respectively. The current market cap of the company is Rs. 7013.26 crore.
The promoters holding in the company stood at 49.63%, while Institutions and Non-Institutions held 10.51% and 39.85% respectively.
JK Paper has reported results for second quarter ended September 30, 2022. The company has reported rise of 22.88% in its net profit at Rs 251.71 crore for Q2FY23 as compared to Rs 204.84 crore for the corresponding quarter previous year. Total income of the company increased by 15.45% to Rs 1677.28 crore for the quarter under review as compared to Rs 1452.83 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 23.73% in its net profit at Rs 326.93 crore for the quarter under review as compared to Rs 264.23 crore for the same quarter in the previous year. Total income of the company increased by 15.46% to 1691.76 crore for the quarter under review as compared to Rs 1465.19 crore for the same quarter in the previous year.
