New Delhi, Feb 9 (PTI) Shares of JK Paper on Wednesday jumped over 4 per cent after the company reported over two-fold increase in consolidated net profit for the third quarter ended December 2021.

The stock gained 4.18 per cent to Rs 245 on the BSE.

Also Read | Samsung Galaxy Unpacked 2022: Galaxy S22 Series, Galaxy Tab S8 Series Launch Expected Tonight; Here's How To Watch Live Stream.

At the NSE, it jumped 4.34 per cent to Rs 245.20.

JK Paper on Tuesday reported over two-fold increase in consolidated net profit to Rs 151.05 crore for the third quarter ended December 2021, helped by growth in volume.

Also Read | Redmi Note 11, Note 11S, Redmi Smart Band Pro & Redmi Smart TV X43 Launching Today in India; Watch LIVE Streaming Here.

The company had logged a net profit of Rs 64.59 crore in the October-December period a year ago, JK Paper said in a regulatory filing.

The total income increased to Rs 1,056.41 crore during the period under review, against Rs 770.45 crore in the year-ago period, the company said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)