JK Paper has announced its first quarter financial result for the financial year 2010-11. It has informed that there has been a significant rise in the net profit of the company in this period of time. The company has registered a net profit of Rs 29.11 crore in the Q1 of the fiscal. It was reported to be Rs 20.16 crore in the corresponding period last fiscal.

Hence there has been a 44.39% jump in net profit in these three months. As per the company officials there has been better sales realization which has propelled the performances of all segments during this quarter.

The hiking in product prices is another reason of this robust performance of the company. So far as the total income of the company is concerned, it has reported to be Rs 291.18 crore in the quarter under review against Rs 260.80 crore in the corresponding quarter last year.

There has been a hike of 11.65% in the total income of the company in this quarter. JK Paper has informed this in a filing at BSE.