On a consolidated basis, the net profit of JK Paper gained 1.06 per cent to Rs 414.25 after the company the  net profit of Rs 324.23 crore in the second quarter of FY23, over Rs 118.39 crore posted in the second quarter of FY22.

In the second quarter of FY23, Revenue from operations soared 74.1 per cent to Rs 1,644.10 crore as compared to Rs 944.37 crore reported in the second quarter of FY22.

The  profit before tax (PBT) surged to Rs 484.36 crore in Q2FY23 from Rs 172.61 crore posted in Q2FY22. The company reported an exceptional item of Rs 33.64 crore in the second quarter of FY23. EBITDA zoomed 130.21 per cent to Rs 587.13 crore in the second quarter of FY23 from Rs 255.04 crore reported in the second quarter of FY22.

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JK Paper said, “it continues to focus on social farm forestry initiatives at all the plant locations in order to procure adequate raw material at economical cost besides improving green cover in the states of Odisha, Gujarat, Andhra Pradesh, Telangana and Maharashtra.”

This paper brand is India’s largest producer of branded papers and a leading player in coated papers and High-end packaging boards.