Ruchira Papers soars up by nearly 7 per cent on Q1FY18 results

The company’s stock surged by nearly 7 per cent in the intraday trade as the company posted profits for the first quarter of FY17. At 11:50 hrs IST the stock was trading at Rs 164.65, up by 6.7 per cent, hitting its intraday high on BSE on August 9, 2017.  

Kraft, writing and printing paper manufacturer, Ruchira Papers posted an increase of 9.70 per cent in its profit after tax as the company announced its first quarter results for the fiscal year 2018.
 
The company’s net profit surged to Rs 11.81 crore for Q1FY18, against a net profit of Rs. 7.24 crore in the corresponding quarter of the previous fiscal.  
 
The total revenue of the company stood at Rs 121.75 crore for Q1FY18, up by 23.53 per cent against a Rs 98.55 crore revenue for the same period in the previous fiscal.    
 
The company’s earnings before interest, tax, depreciation and amortization (EBITDA) in Q1FY18 stood at Rs. 22.51 crore, up by 43.78 per cent, while the company’s EBITDA margin improved from 15.88 per cent in Q1FY17 to 18.49 per cent in Q1FY18.
 
The company’s earnings per share (EPS) for the first quarter of FY18 stood at Rs. 5.27, as compared to a Rs. 3.23 for the first quarter of FY17.
 
In the same quarter, the production of the company increased by 11.40 per cent as compared to the corresponding quarter of the previous year. The total production during the quarter was 30232 MT as compared to 27138 in the corresponding quarter last year.