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JK Paper reports Q4 net profit at Rs 18.07 crore

Press Trust of India  |  New Delhi 

JK Paper Ltd today reported a standalone net profit of Rs 18.07 crore for the fourth quarter ended March 31, 2015.

The company had posted a net loss of Rs 14.35 crore for the corresponding period of the previous fiscal, JK Paper said in a statement.

The company's total income on a standalone basis also increased by 13.40 per cent to Rs 581.91 crore during the January-March quarter as against Rs 513.13 crore for the same period a year ago.

Commenting on the results, JK Paper Managing Director Harsh Pati Singhania said:" The improvement in performance is all round, emanating from higher production and sales, better product mix and improved operating efficiencies.

"The company, with its leadership position in paper industry in India, is confident of capitalising on the upcoming economic growth in the country."

For the financial year ended March 2015, JK Paper has narrowed down its consolidated net loss to Rs 18.39 crore as against Rs 74.72 crore in the previous fiscal.

JK Paper' consolidated net sales increased by 24.29 per cent to Rs 2,160.11 crore in 2014-15 as against Rs 1,737.93 crore in 2013-14.

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First Published: Sat, May 16 2015. 20:22 IST