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JK Paper Q1 profit rises 58% to ₹95.14 crore, sales climb 18%

JK Paper’s improved EBIDTA margin and deleveraging contributed to a rating upgrade by CRISIL

JK Paper’s improved EBIDTA margin and deleveraging contributed to a rating upgrade by CRISIL

New Delhi: JK Paper Ltd on Tuesday posted a 58% rise in profit after tax in the first quarter of 2018-19 at ₹95.14 crore, up from ₹60.11 crore in the same period a year ago.

The company’s gross revenue from operations was ₹852.61 crore and EBITDA ₹206.17 crore compared to ₹720.14 crore and ₹159.53 crore, respectively, rising 18% and 29% over the same quarter of 2017-18.

EBITDA denotes earnings before interest, depreciation and amortisation and indicates the financial health of a company.

JK Paper’s improved EBIDTA margin and deleveraging contributed to a rating upgrade by CRISIL.

[“Source-livemint”]

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