JK Paper Q3 results: Net Profit Doubled YoY, Rs. 4/Share Dividend

JK Paper Ltd. reported Q3 Results on February 06, 2023. The company declared Net Profit Jumped 121% YoY, and an Interim Dividend for the FY23 of Rs. 4/Equity Share.

Record Date for the purpose of eligibility for payment of said Interim Dividend shall be February 17, 2023.

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JK Paper is a leading manufacturer of copier paper, coated paper, and packaging boards in the country.

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JK Paper Ltd. reported Revenue from Operations of Rs.1,643.06 crores in the December quarter of FY23 up 60.5% YoY. It was Rs.1,023.62 crores in Q3 FY23.

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JK Paper reported Profit before Tax of Rs.450.93 crores up 114.7% YoY. It was Rs. 209.99 crores in Q3 FY23.

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JK Paper reported a Net Profit of Rs.333.54 crores up 121% YoY. It was Rs 151.05 crores in Q3 FY23.

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During Q3FY23, the company acquired 85% equity shares of Horizon Packs Private Ltd (HPPL) and Securipax Packaging Private Ltd (SPPL) and both these companies have become subsidiaries of JK Paper Ltd w.e.f. 12th December 2022.

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