JK Paper's Q4 net profit up 51 percent
Mumbai, May 6 (IANS) Branded paper company JK Paper on Friday reported a rise of 51 percent in its net profit for the fourth quarter (Q4) of 2015-16. The company's net profit stood at Rs.27.28 crore for the quarter ended March 31, 2016, from Rs.18.07 crore in the corresponding quarter of 2014-15. According to the branded paper manufacturer, its gross sales for the quarter under review increased by 17 percent to Rs.786.45 crore from Rs.671.81 crore for the quarter ended March 31, 2015. The firm's Q4 EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by 23 percent to Rs.114.10 crore from Rs.92.63 crore in the previous corresponding quarter. For the full financial year 2015-16, the company's net profit stood at Rs.79.56 crore against a net loss of Rs.12.74 crore in 2014-15. The company declared its highest ever annual sales and EBITDA during the year ended March 31, 2016. The branded paper manufacturer 's gross sales for the period und