JK Paper has reported 51.90% drop in its net profit at Rs 11.12 crore for the fourth quarter ended March 31, 2012 on account of increase in raw material costs. The company had posted net profit of Rs 23.12 crore for the quarter ended March 31, 2011.
The company’s net sales, however, increased by 15.42% to Rs 419.33 crore for the quarter ended March 31, 2012, from Rs 363.32 crore for the Q4 of 2010-11 fiscal.
For the full year, net profit of the company stood at Rs 49.32 crore for 2011-12, as against Rs 106.42 crore for the year ago period, down by 53.66%.
Profit for the year has been significantly impacted due to lower receipt of link age coal and increase in raw material costs without commensurate increase in selling price. However, the situation has improved during the last quarter of the year.
The company has recommended dividend at the rate of Rs 1.50 per share on 13,66,20,625 equity shares of Rs 10 each for the financial year ended March 31, 2012.
| Company Name | CMP |
|---|---|
| JK Paper | 375.20 |
| TN Newsprints | 140.05 |
| West Coast Paper | 492.00 |
| Emami Paper Mills | 75.24 |
| Seshasayee Paper | 270.95 |
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