JK Paper results disappointed the market

JK Paper reported 17.5 percent fall in net profit for the 2nd quarter due to the higher interest costs inspite of rising demand for the paper. But the company has reported a gross sales of Rs.331.62 cr, this is 49% rise in the 2nd quarter compared to last year for the same quarter. Now the company is planning to increase its capacity. Profit before other income, interest rose to 312.5 million from 251.1 million, helped by falling pulp prices and stronger paper prices. JK paper share price closed today at Rs.20.50. (thebullishtrends)