JK Paper

The paper and packaging board maker's consolidated net profit tumbled 73 per cent year-on-year to Rs 65.39 crore ($7.6 million) for the quarter ended Dec 31

JK Paper logged consolidated total income in the second quarter stood at Rs 1,714.88 crore as compared to Rs 1,708.81 crore in the year-ago period

JK Paper Ltd on Monday reported a 57.84 per cent decline in consolidated net profit to Rs 128.85 crore in the second quarter ended September 30, 2024, impacted by higher expenses. The company had posted a consolidated net profit of Rs 305.68 crore in the same quarter last fiscal, JK Paper Ltd said in a regulatory filing. Consolidated total income in the second quarter stood at Rs 1,714.88 crore as against Rs 1,708.81 crore in the year-ago period, it added. Total expenses were higher at Rs 1,569.63 crore as against Rs 1,368.23 crore in the same period a year ago, the company said.

Since the March swing lows, prices of JK Paper saw a strong rally, doubling from Rs 320 to Rs 640. However, over the last couple of months, prices entered a correction phase

Indian Paper Manufacturer Association has requested for imposition of anti-dumping duty on the imports from China and Chile

The fall came on the back of weak results in the June quarter of financial year 2025 (Q1FY25).

Harsh Pati Singhania of JK Paper Ltd. has been named First Vice-Chair of the International Chamber of Commerce, representing over 45 million businesses globally

While the paper company posted a weak set of results, the company reportedly said that it expects higher volume growth in the paper and boards segment in the current financial year of 2024-25 (FY25)

At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges

JK Paper Ltd on Thursday reported a 2.44 per cent decline in consolidated net profit to Rs 276.6 crore for the fourth quarter ended March 2024, impacted by higher raw material cost and lower realisation across categories. The company had posted a consolidated net profit of Rs 283.52 crore a year ago, JK Paper said in a regulatory filing. Its consolidated revenue from operations in the quarter under review stood at Rs 1,804.87 crore against Rs 1,806.99 crore in the year-ago period, it added. The total expenses in the fourth quarter were higher at Rs 1,457.63 crore compared to Rs 1,379.42 crore in the same period of the preceding fiscal. The board of directors has recommended a final dividend of Rs 5 per share for the year ended March 2024. This is in addition to the interim dividend of Rs 3.5 per equity share declared and paid during the said financial year, the filing said. For the fiscal ended March 2024, its consolidated net profit was Rs 1,133.2 crore compared to Rs 1,208.22 cr

JK Paper Ltd on Thursday reported a 29.13 per cent decline in its consolidated net profit to Rs 236.36 crore for the third quarter ended December 2023, impacted by the rise in raw material cost and weak demand scenario. The company had posted a net profit of Rs 333.54 crore in the October-December quarter a year ago, according to a regulatory filing from JK Paper. The company is engaged in branded copier paper, coated paper and packaging boards. Its total income rose 4.15 per cent to Rs 1,762.32 crore during the quarter under review. It was Rs 1,692.06 crore in the corresponding quarter a year ago. "The results have been impacted due to an overall drop in sales realisation and a substantial increase in wood cost. The selling prices have been under pressure for some time due to rising trend in imports, coupled with weaker demand scenario," said Vice Chairman and Managing Director Harsh Pati Singhania. The total expenses surged 20.66 per cent to Rs 1,497.55 crore in the December 202

Profit fell on lower sales realization of coated paper and packaging board, the company said, indicating lower prices

JK Paper Ltd on Monday said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of Manipal Utility Packaging Solutions Pvt Ltd (MUPSPL), JK Paper said in a regulatory filing. Under the SPA, JK Paper will acquire 4.07 crore equity shares representing 100 per cent of capital of MUPSPL at Rs 21.80 per equity share of Rs 10 each, subject to adjustments as per terms of agreement, it added. The acquisition is expected to be completed within six weeks of execution of the SPA with the target entity and its promoters/shareholders, subject to fulfilment of conditions mentioned in the SPA, the company said. JK Paper Vice Chairman and Managing Director Harsh Pati Singhania said, "This acquisition is in line with the long-term strategic objective of the company in the packaging business and gives us an opportunity to offer combined solution to the custom

A strong and robust domestic demand, coupled with strategic exports of both paper and converted paper products, augers well for the Indian paper industry

JK Paper on Monday reported an 18.3 per cent increase in its net profit to Rs 312.56 crore in the June quarter. The company had posted a net profit of Rs 264.23 crore during the same quarter a year ago, JK Paper Ltd said in a regulatory filing. Its revenue from operations was up 10.77 per cent to Rs 1,584.36 crore during the period as against Rs 1,430.23 crore in the year-ago period, the company said. In the first quarter of the current fiscal (Q1), the total expenses of JK Paper manufacturer of fine paper, coated paper, and packaging boards were at Rs 1,238.34 crore, up 12.43 per cent. JK Paper Vice Chairman & Managing Director Harsh Pati Singhania said, "On a consolidated basis, the results have improved due to the acquisition of corrugation business in the last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation." However, the packaging board business saw a drop in volume and sales realisation and was hit by higher ...

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The company's consolidated total income rises by 29.22 per cent to Rs 1,760 crore for the March quarter as compared to Rs 1,362 crore in the year-ago period

West Coast Paper Mills, JK Paper, Tamil Nadu Newsprint & Papers may see up to 25 per cent upside in 2023.

In the past one year, the stock price of the paper maker has more-than-doubled or zoomed 129 per cent, as against 10 per cent gain on the S&P BSE Sensex.

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