JK PAPER

JK Paper, maker of branded paper and the largest producer of photocopier paper, posted superlative numbers for Q3FY17, mainly on the back of a lower base effect and higher other income.

Though net sales grew by just 6% (YoY) at Rs.666 crore, net profit showed a whopping rise of 177% at Rs.36 crore. Other income showed a good 45% jump at Rs.94 crore. EBITDA was up 30% at Rs.124 crore and margins jumped up from 15% to 18.5%.

The company’s equity stands at Rs.156 crore and annualized EPS is at Rs.9.5 (FV of Rs.10). its 9MFY17 net profit of Rs.106 crore has already surpassed Fy16 net profit of Rs.79 crore; with one more quarter to go, it holds the promise a very good ending.