JK Paper expects some softening in prices as retreat in the U.S. dollar will weigh on imports, Vice Chairman V Kumaraswami told BloombergQuint in a conversation.
The company's revenue rose 11 percent year-on-year to Rs 870 crore. He said that the current debt to equity levels on gross basis were at around 8.82 with debt equity and debt to Ebitda levels at “historic lows.”
Kumaraswami said the revenue growth in the December-ended quarter was supported by “very good market conditions” along with a good product mix.
Operational margin rose over 20 percent in the quarter. “Raw material supply has been very good,” Kumaraswami said. “Interest cost has been coming down sharply quarter-on-quarter owing to debt repayment and better rating of the company leading to better interest rates for the company.”
Other Highlights:
- Net profit up 9.8 percent to Rs 120.3 crore. The company attributed improved realisation, better operating parameters and reduced finance cost to better profitability.
- Earnings before interest, taxes, depreciation and amortisation rose 21 percent year-on-year to Rs 247.6 crore.
- Margin at 28.5 percent versus 26.1 percent in the year-ago period.
Watch the interview here
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
