JK Paper Ltd

Net profit of JK Paper declined 72.36% to Rs 76.20 crore in the quarter ended March 2025 as against Rs 275.64 crore during the previous quarter ended March 2024. Sales declined 1.69% to Rs 1689.50 crore in the quarter ended March 2025 as against Rs 1718.61 crore during the previous quarter ended March 2024. For the full year,net profit declined 63.47% to Rs 409.82 crore in the year ended March 2025 as against Rs 1121.77 crore during the previous year ended March 2024. Sales rose 0.88% to Rs 6718.07 crore in the year ended March 2025 as against Rs 6659.23 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1689.501718.61 -2 6718.076659.23 1 OPM %12.8220.89 -13.8224.26 - PBDT191.50381.82 -50 858.551634.78 -47 PBT105.04318.47 -67 526.861324.68 -60 NP76.20275.64 -72 409.821121.77 -63 Powered by Capital Market - Live

JK Paper announced that the Board of Directors of the Company at its meeting held on 19 May 2025, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

JK Paper will hold a meeting of the Board of Directors of the Company on 19 May 2025.Powered by Capital Market - Live

JK Paper has acquired 37,28,400 equity shares representing 62.14% of paid-up share capital of Quadragen Vethealth (QVPL) within the said timelines, in accordance with the terms of the SPSHA. Post said acquisition, QVPL has become subsidiary of the Company. The acquisition of balance 1,71,600 equity shares representing 2.86% of total paid-up share capital is expected to be completed by 31 May 2025, subject to the fulfillment of conditions as stipulated in the SPSHA.Powered by Capital Market - Live

Net profit of JK Paper declined 72.19% to Rs 65.39 crore in the quarter ended December 2024 as against Rs 235.11 crore during the previous quarter ended December 2023. Sales declined 4.35% to Rs 1631.99 crore in the quarter ended December 2024 as against Rs 1706.22 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1631.991706.22 -4 OPM %10.2621.82 - PBDT165.79348.11 -52 PBT83.13264.77 -69 NP65.39235.11 -72 Powered by Capital Market - Live

JK Paper will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

JK Paper has received affirmation in credit ratings for debt facilities of the company at IND AA; Stable/ IND A1+. Powered by Capital Market - Live

The agency has also affirmed the company's short-term rating at 'IND A1+'. India Ratings and Research stated that the affirmation reflects JKPL's continued strong market position in FY24, with a diversified presence in writing and printing paper, packaging board and corrugated boxes. The company also benefits from operating efficiencies, leading to strong EBITDA margins and cash flows through the cycle. In FY24, the EBITDA margins moderated from the supernormal level of FY23 but remained high due to strong realisations. The EBITDA margins are likely to decline in FY25 owing to high wood prices coupled with a decline in realisations. However, the increase in farm forestry plantation is likely to result in a moderation in wood costs by FY26, and hence, India Ratings expects the margins to remain strong on a sustained basis. Furthermore, notwithstanding the decline in margins, JKPL's financial profile remained strong in FY24, with low balance sheet leverage. The leverage is likely to remain at comfortable levels in FY25, given the limited capex and healthy cash flows. In addition, the company's liquidity position remains strong, with cash and cash equivalents exceeding Rs 10 billion at end-September 2024. JK Paper has an annual capacity of 761,000 MT of paper and paper boards located in Gujarat, Odisha and Telangana. It is also present in the corrugated boxes segment. Sirpur has a capacity to manufacture 136,000 MT of paper. The scrip rose 0.28% to currently trade at Rs 391 on the BSE. Powered by Capital Market - Live

The Board of Directors of JK Paper (JKPL) in it's meeting held today approved a Composite Scheme of Arrangement (Scheme) of, inter alia, JK Paper Ltd and Horizon Packs, Securipax Packaging, JKPL Utility Packaging Solutions which are wholly owned subsidiaries (WOS) of JKPL and Enviro Tech Ventures. As a part of the Scheme, the three WOS of JKPL engaged in manufacturing of packaging products and solutions will be merged with JKPL to create a consolidated paper and packaging company. Further, pursuant to the Scheme, The Sirpur Paper Mills will become a direct subsidiary of JKPL. Separately, the Board also approved the acquisition of majority stake in Radhesham Wellpack (RWPL) in today's meeting. JKPL entered into a Share Purchase and Shareholders' Agreement (SPSHA) for the acquisition of 60% shares of RWPL upfront and the balance 40% to be acquired within a period of two years as per the SPSHA. RWPL is engaged in the business of manufacture of corrugated boxes, corrugated sheets, and other corrugated packaging related work/ products. Corrugated Packaging is a rapidly growing segment in the Indian Paper & Packaging industry driven by growth in end-use industries.Powered by Capital Market - Live

The key equity indices continued to trade with moderate losses in early afternoon trade. The Nifty traded below the 23,900 level. Consumer Durables shares extended losses for the two consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE, Sensex declined 374.05 points or 0.48% to 78,404.97. The Nifty 50 index fell 111.10 points or 0.46% to 23,884.25. In the broader market, the S&P BSE Mid-Cap index fell 0.62% and the S&P BSE Small-Cap index shed 0.84%. The market breadth was positive. On the BSE, 1,986 shares rose and 1,817 shares fell. A total of 134 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.21% to 17.05. The Nifty 31 October 2024 futures were trading at 23,997.05, at a premium of 112.8 points as compared with the spot at 23,884.25. The Nifty option chain for the 28 November 2024 expiry showed maximum Call OI of 27.8 lakh contracts at the 25,000 strike price. Maximum Put OI of 40 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Consumer Durables index fell 0.99% to 38,748.65. The index declined 2.03% in two trading sessions. Kalyan Jewellers India (down 3.25%), V-Guard Industries (down 2.13%), Havells India (down 1.76%), Crompton Greaves Consumer Electricals (down 1.65%), Dixon Technologies (India) (down 1.42%), Voltas (down 0.78%), Titan Company (down 0.55%), Cera Sanitaryware (down 0.4%), Bata India (down 0.12%) declined. On the other hand, Whirlpool of India (up 2.28%), Rajesh Exports (up 1.36%) and Amber Enterprises India (up 1.29%) edged higher. Stocks in Spotlight : JK Paper fell 0.54% after its consolidated net profit tumbled 57.84% to Rs 128.85 crore in Q2 FY25 as against Rs 305.68 crore posted in same quarter last year. Revenue from operations rose 1.99% year on year (YoY) to Rs 1,682.93 crore in the quarter ended 30 September 2024. Indian Railway Catering and Tourism Corporation's (IRCTC) rose 0.46%. The company's consolidated net profit rose 4.47% to Rs 307.87 crore in Q2 FY25 as compared with Rs 294.68 crore posted in Q2 FY24. Revenue from operations grew by 7.21% to Rs 1,064 crore in Q2 FY25 as compared with Rs 992.40 crore reported in Q2 FY24. Meanwhile, the company's board declared an interim dividend of Rs 4 per share for financial year 2024-25 and has set the record date on 17 November 2024. Powered by Capital Market - Live