Companies

JK Paper net up 72% on better market conditions

Our Bureau New Delhi | Updated on February 12, 2019 Published on February 12, 2019

JK Paper has reported a 72-per cent increase in net profit for the third quarter ended December 31, 2018 at ₹120.26 crore, against ₹69.81 crore registered during the corresponding quarter last fiscal. Total income for the quarter under review stood at ₹883.94 crore (₹796.01 crore). The net revenue from operations stood at ₹869.5 crore (₹790.06 crore).

For the nine months ended December 31, 2018, the company reported a net profit of ₹324.97 crore as against ₹186.55 crore in the same period previous fiscal.

Omaxe Limited, a realty company, has reported a consolidated net profit of ₹8.50 crore for the quarter ended December 31, 2018. For the same quarter previous fiscal, the company had reported a consolidated net profit of ₹20.67 crore. Total income stood at ₹249.65 crore (₹518.57 crore). The net revenue from operations stood at ₹242.21 crore (₹506.82 crore).

Natco Pharma Ltd’s consolidated net profit declined by 26 per cent at ₹159 crore in the third quarter ended December 2018 compared to ₹217 crore in the corresponding quarter previous fiscal. Total revenue was almost flat at ₹580 crore ( ₹573 crore).

The board recommended an interim dividend of ₹3.50 per equity share of ₹2 each.

Amara Raja Batteries Limited posted a marginally lower profit of ₹130.9 crore for the third quarter ended December 31, 2018 as against a profit of ₹134.45 crore the corresponding quarter of the previous fiscal. Its net revenue rose 9 per cent to ₹1,695 crore (₹1,553 crore). , for the same period of previous year.

Construction and infrastructure major NCC Ltd has reported a profit of ₹160.23 crore for Q3 FY19, up 60 per cent against ₹100.36 crore for Q3 FY18.

Its turnover stood at ₹3,246 crore (including other income), against ₹1,879 crore in the previous year period, marking a growth of 73 per cent. The company reported an EPS of ₹2.67 (₹1.81).

Published on February 12, 2019
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