Paper Jk Paper

JK Paper, TN Newsprint, West Coast Paper rally up to 17% on heavy volumes

Paper stocks in demand amid hopes of some relief for the industry from the extensive plantation initiatives undertaken, which are expected to improve raw material availability and its cost.

JK Paper stock tanks 13% on weak June quarter show; profit plunges 55%

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

JK Paper Q1 results: Net profit declines 55% to Rs 140.79 cr as prices fall

JK Paper Ltd on Wednesday reported a 55 per cent decline in consolidated net profit to Rs 140.79 crore in the June 2024 quarter, hit by a fall in market prices coupled with a surge in wood cost. The company posted a consolidated net profit of Rs 312.56 crore in the corresponding period of the last fiscal, JK Paper said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,804.47 crore against Rs 1,663.97 crore in the year-ago period, it added. During the quarter, total expenses were higher at Rs 1,549.21 crore compared to Rs 1,238.34 crore in the year-ago period. "The results have been adversely impacted due to a significant drop in market prices coupled with a surge in wood cost compared to the corresponding quarter," JK Paper Chairman & Managing Director Harsh Pati Singhania said. The company, however, increased sales volume driven by higher utilisation in the packaging board business, he added. JK Paper said in order to mitigate

Paper stocks on a roll; Andhra, West Coast, TNPL, JK Paper rally up to 15%

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

International Finance Corp to buy 5.6% stake in JK Tyre for $30 million

JK Tyre & Industries Ltd on Wednesday said World Bank Group member IFC will invest USD 30 million (about Rs 240 crore) to pick a 5.6 per cent stake in the company to part-fund expansion of energy-efficient tyre manufacturing. The investment by IFC in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, resource-efficient technologies in the production of commercial and passenger car radial tyres, which have better safety and longevity, the company said in a regulatory filing. Subsequently, International Finance Corporation (IFC) will hold a 5.6 per cent stake in the tyre major through the issue of compulsorily convertible debentures (CCDs) on a preferential basis, it added. "The investment aims to bolster the company's capital structure and increase production of energy-efficient radial tyres by more than 10 per cent -- from 32 million to over 35 million tyres a year by 2025," JK Tyre & Industries said. This aligns with ..

JK Paper Q4 profit rises 25% to Rs 170 cr; logging numbers like in Q3

JK Paper Ltd on Friday reported a 25 per cent increase in consolidated net profit at Rs 170.17 crore for the fourth quarter ended March riding on higher sales volumes. The company had posted a consolidated net profit of Rs 136.07 crore in the corresponding period of previous fiscal, JK Paper Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,430.87 crore as against Rs 979.82 crore in the same quarter a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 543.82 crore as against Rs 236.72 crore in the previous fiscal, JK Paper said. Consolidated revenue from operations in FY22 stood at Rs 4,244.33 crore as against Rs 3,000.49 crore in FY21, it added. The company said its board has recommended an enhanced dividend of Rs 5.50 per share at 55 per cent, amounting to a total of Rs. 93.17 crore for the year ended March 31, 2022. JK Paper Vice Chairman and Managing Director Harsh Pati Sing

Paper, Jute stocks in focus; JK Paper, Seshasayee Paper up over 5%

Orient Paper, Emami Paper Mills, Star Paper Mills, Malu Paper Mills, Seshasayee Paper & Boards, International Paper APPM, JK Paper and Ruchira Papers from the paper sector were up more than 5%.

Paper stocks extend rally; JK Paper zooms 75% in one month

International Paper APPM, Ruchira Papers, Nath Pulp & Papers, West Coast Paper, Emami Paper, Tamil Nadu Newsprint and Seshasayee Paper Boards have rallied in the range of 25% to 50% in past one month.