JK Paper shines on reporting 18% rise in Q1 consolidated net profit
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JK Paper is currently trading at Rs. 327.85, up by 14.60 points or 4.66% from its previous closing of Rs. 313.25 on the BSE.
The scrip opened at Rs. 326.20 and has touched a high and low of Rs. 336.35 and Rs. 322.55 respectively. So far 27166 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.50 on 21-Dec-2022 and a 52 week low of Rs. 306.60 on 10-Jul-2023.
Last one week high and low of the scrip stood at Rs. 336.35 and Rs. 312.55 respectively. The current market cap of the company is Rs. 5306.53 crore.
The promoters holding in the company stood at 49.63%, while Institutions and Non-Institutions held 13.57% and 36.79% respectively.
JK Paper has reported 12.71% rise in its net profit at Rs 230.87 crore for the quarter ended June 30, 2023 as compared to Rs 204.84 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 1.96% at Rs 1424.39 crore for Q1FY24 as compared Rs 1452.83 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 18.29% rise in net profit at Rs 312.56 crore for the quarter ended June 30, 2023 as compared to Rs 264.23 crore for the same quarter in the previous year. Total income of the company increased by 11.88% at Rs 1639.20 crore for Q1FY24 as compared Rs 1465.19 crore for the corresponding quarter previous year.
