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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...

Paper manufacturing: Gain or loss!

The process of paper manufacturing differs that is the process used in earlier days and that is used in the modern era. Paper is basically used for communicating in a written mode and hence is vastly used all over. It is of great importance and hence the paper manufacturers in India are also working for the same. Paper originates from a tree due to which a large amount of trees are being cut which is loss to the environment. The amount of trees that is being used for paper making is enormous due to which paper manufacturing companies assure about their environmental concern that is the amount of tree they plant is more in numbers than the amount of trees they cut. They also support recycling and say that it is quite effective as used paper helps in various types of paper production. Paper manufacturing includes various types of dyes, inks, bleach etc. that is harmful for the environment when released into water and then that water gets supplied to the lands that are ne...

Paper industry and manufacturing

One of the basic human requirements and the core industries is of paper as it is a source of education and is used for the betterment of the society. Some paper manufacturers in India remark this business as chemical based because of the manufacturing process used whereas some indicate it as agro based because of the materials required to make it. When talking about inkjet paper, firstly one should know about it. It is a type of paper that is specifically designed for inkjet printers and is described on the basis of its weight, lustre and smooth touch and may be in some case from opacity. There are few types of inkjet papers that are designed from a good quality of pulp either chemical or deinked. The qualitative type of inkjet paper needs a good stability of dimension, surface strength etc. The inkjet paper manufacturer indicates that surface smoothness is quite essential for various works. They also tell that inkjet papers are not coated by earlier traditional methods and it is v...

JK Paper Q3 net up 37.63% at Rs 15.69 crore

NEW DELHI: JK Paper today reported a 37.63 per cent increase in net profit at Rs 15.69 crore for the third quarter ended December 31, 2015 The company had posted a net profit of Rs 11.4 crore in the same period last fiscal, it said in a BSE filing. Net sales during the period under review stood at Rs 596.63 crore as against Rs 544.73 crore in the year-ago period, up 9.52 per cent. Commenting on the results, JK Paper Vice Chairman & Managing Director Harsh Pati Singhania said, "The improvement in performance has been achieved through higher sales volume, better product mix and improved efficiencies." He added that the performance has been achieved despite lower production arising from 10 days planned annual shutdown in December 2015 at the company's Odisha unit. During the quarter, cost of materials consumed stood at Rs 308.3 crore as against Rs 344.45 crore in the corresponding period last fiscal, while power and fuel expenses were also lower at Rs 51.06 crore as aga...

JK Paper Mills organized Quiz Competition among the students

To promote educational service to the tribal students of schools in the periphery villages, SPARSH in association with JK Paper Mills organized Quiz Competition  among the students of 12 High Schools & 31 Upper Primary Schools at JK PUR CLUB, Jaykaypur. Sri Premananda Raut, DEO, Rayagada graced this occasion and inaugurated this programme. Internal written competition was conducted among the students in their Schools. The best four students from each school were selected to the cluster level for final round competition which was held at JK Pur Club, Jaykaypur. Students of U K M Vidyapitha, Gopalbadi, U P School, B N Pur & SSD Govt. Girls High School, Revolkona stood 1st, 2nd & 3rd respectively in High School level and in the Junior level PUP  School, Debodala stood 1st, upgraded High School, Penta and UP School, Dunduli stood 2nd & 3rd respectively. The best of three students from each group will be felicitated by Sri P K Suri, CEO of JKPM Ltd...

'Paper' - THE original and the best 'Wireless communicator

PAPEREX, an internationally-renowned series of exhibitions and conferences held around the world, focusing on Pulp and Paper Industry and held biennially in India was a great show that I visited in the month of November, at Pragati Maidan.This platform has a useful role in projecting and showcasing achievements of Indian pulp and paper companies not only within the country but to the world as well. It acts Ike a Global Window, Many deals are cracked, new customers are made..it is a Proud moment to be seen in PAPEREX. I never felt that 'Paper consumption' will ever come down with the spur of digitalization that people hive been talking about after visiting the exhibition that was exuding so much of positivity Amongst the fantastic display of stalls by leading Paper makers from India and other parts of the globe what struck me wa s the stall from JK Paper with a very innovative delign and display communicating to the mass. I must say it was a fantastic   presentation. ...

JK Paper Mills Ltd hosts 23rd Inter Industry Engineering Conference

Rayagada, Dec 4: Inter Company Engineering Conference was inaugurated at S C Jain Auditorium, JK Pur Club, Jaykaypur on Thursday by Shri Harshpatiji Singhania, Vice Chairman & MD, J K Paper Mills Ltd(JKPL), who   graced this occasion as Chief Guest. On this occasion 62 engineers from 19 industries of JK Organization’s Eastern Zone participated conference.The theme was “The Future of Manufacturing belongs to Automation.” This conference continued for three days. The participants discussed about the future manufacturing and automation process of the industries. In this conference, they learnt the best practices of other companies in JK organization, which will be implemented in their respective companies. Action plan was prepared by the participants for the next year. In this conference 18 groups belonging to different companies presented their initiatives taken on the above theme in which JK Tyre & Industry Ltd., Mysore stood first and JK Paper Ltd., Jaykay...