JK Paper zooms despite reporting fall in Q4 consolidated net profit

17 May 2024 Evaluate

JK Paper is currently trading at Rs. 376.15, up by 26.25 points or 7.50% from its previous closing of Rs. 349.90 on the BSE.

The scrip opened at Rs. 350.05 and has touched a high and low of Rs. 380.95 and Rs. 350.05 respectively. So far 112321 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.00 on 30-Jan-2024 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. 380.95 and Rs. 343.20 respectively. The current market cap of the company is Rs. 6386.47 crore.

The promoters holding in the company stood at 49.63%, while Institutions and Non-Institutions held 12.98% and 37.39% respectively.

JK Paper has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 13.62% rise in its net profit at Rs 229.77 crore for the quarter under review as compared to Rs 202.22 crore for the same quarter in the previous year. However, total income of the company decreased by 1.53% at Rs 1,530.19 crore for Q4FY24 as compared Rs 1,554.01 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 1.74% fall in its net profit at Rs 278.60 crore for fourth quarter ended March 31, 2024 as compared to Rs 283.52 crore for the same quarter in the previous year. However, total income of the company increased by 0.89% at Rs 1,776.10 crore for Q4FY24 as compared Rs 1,760.45 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 1.93% rise in its net profit at Rs 902.43 crore as compared to Rs 885.33 crore for the previous year. However, total income of the company decreased by 5.48% at Rs 5,982.80 crore for year under review as compared to Rs 6,329.69 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 6.21% fall in its net profit at Rs 1,133.20 crore as compared to Rs 1,208.22 crore for the previous year. However, total income of the company increased by 4.19% at Rs 6,886.43 crore for year under review as compared to Rs 6,609.46 crore for year ended March 31, 2023. 

JK Paper Share Price

385.10 5.65 (1.49%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
JK Paper 385.10
TN Newsprints 246.20
West Coast Paper 595.10
Emami Paper Mills 110.00
Andhra Paper 499.00
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