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JK Paper Results: Latest Quarterly Results & Analysis

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JK Paper Ltd. 27 Jul 2026 18:07 PM

Q1FY27 Quarterly Result Announced for JK Paper Ltd.

Paper & Paper Products company JK Paper announced Q1FY27 results

Standalone Financial Highlights:

  • Revenue from operation (Net): The company reported a revenue of Rs 1,699.79 crore in Q1FY27, reflecting a YoY growth of 6.23% from Rs 1,600.17 crore in Q1FY26, and a QoQ decline of 5.93% from Rs 1,807.00 crore in Q4FY26.
  • Total Income: Total income for Q1FY27 stood at Rs 1,723.18 crore, an increase of 6.54% YoY compared to Rs 1,617.45 crore in Q1FY26, but a decrease of 4.95% QoQ from Rs 1,812.96 crore in Q4FY26.
  • EBITDA: Profit before interest, tax, and depreciation (EBITDA) was Rs 258.82 crore in Q1FY27, up 6.58% YoY from Rs 242.83 crore in Q1FY26 and up 11.42% QoQ from Rs 232.30 crore in Q4FY26.
  • Profit Before Tax (PBT): PBT for the quarter stood at Rs 152.00 crore, marking a YoY growth of 41.03% from Rs 107.78 crore in Q1FY26 and a QoQ growth of 40.51% from Rs 108.18 crore in Q4FY26.
  • Net Profit: Net profit for Q1FY27 was Rs 113.00 crore, up 48.26% YoY from Rs 76.22 crore in Q1FY26 and up 36.87% QoQ from Rs 82.56 crore in Q4FY26.
  • Earnings Per Share (EPS): Basic and diluted EPS for Q1FY27 was Rs 6.23, compared to Rs 4.20 in Q1FY26 and Rs 4.55 in Q4FY26.

Consolidated Financial Highlights:

  • Revenue from operation (Net): Consolidated revenue for Q1FY27 was Rs 1,887.17 crore, showing a YoY growth of 13.61% from Rs 1,661.04 crore in Q1FY26 and a QoQ decline of 4.01% from Rs 1,965.95 crore in Q4FY26.
  • Total Income: Total income reached Rs 1,918.31 crore in Q1FY27, up 13.92% YoY from Rs 1,683.92 crore in Q1FY26 and down 2.55% QoQ from Rs 1,968.50 crore in Q4FY26.
  • EBITDA: Consolidated EBITDA stood at Rs 320.90 crore in Q1FY27, reflecting a YoY growth of 17.75% from Rs 272.52 crore in Q1FY26 and a QoQ growth of 14.99% from Rs 279.07 crore in Q4FY26.
  • Profit Before Tax (PBT): PBT for the quarter was Rs 182.28 crore, increasing by 56.64% YoY from Rs 116.37 crore in Q1FY26 and 56.06% QoQ from Rs 116.80 crore in Q4FY26.
  • Net Profit Attributable to Owners: Profit for the period attributable to the owners of the parent was Rs 130.12 crore in Q1FY27, up 64.46% YoY from Rs 79.12 crore in Q1FY26 and 41.47% QoQ from Rs 91.98 crore in Q4FY26.
  • Earnings Per Share (EPS): Basic and diluted EPS for Q1FY27 was Rs 7.18, compared to Rs 4.36 in Q1FY26 and Rs 5.07 in Q4FY26.

Business Highlights:

  • Segment Performance:
    • Paper and Packaging Products: This segment reported a revenue of Rs 1,829.80 crore in Q1FY27, growing 12.35% YoY from Rs 1,628.65 crore in Q1FY26. Segment results (PBIT excluding exceptional items) reached Rs 179.94 crore in Q1FY27.
    • Others: Revenue from this segment grew significantly to Rs 58.98 crore in Q1FY27 from Rs 34.00 crore in Q1FY26. Segment PBIT rose to Rs 11.01 crore in Q1FY27.
  • Stake Increase in BPPL: During Q1FY27, the company acquired an additional 15.40% stake in Borkar Packaging Private Limited (BPPL), increasing its total shareholding to 87.36%.
  • Production Commencement: Production of Hardwood Bleach Chemical Thermo-Mechanical Pulp ("BCTMP") at Unit CPM Gujarat commenced effective June 30, 2026.
  • Scheme of Arrangement: Financial results for Q1FY26 were restated to give effect to the Composite Scheme of Arrangement between the Company and its various subsidiaries, which became effective on March 15, 2026.
  • Listing of Equity Shares: Pursuant to the Scheme, 1,19,16,427 equity shares were issued and listed for trading on BSE and NSE effective June 16, 2026.

Result PDF

Paper & Paper Products company JK Paper announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations (Net): For Q4FY26, consolidated revenue was Rs 1,965.95 crore, up 17.23% YoY from Rs 1,677.05 crore and up 14.50% QoQ from Rs 1,716.95 crore. Annual consolidated revenue for FY26 reached Rs 7,076.03 crore, up 6.21% compared to Rs 6,662.49 crore in FY25.
  • Total Income: Consolidated total income for Q4FY26 stood at Rs 1,968.50 crore, up 16.57% YoY and 13.53% QoQ. Annual total income for FY26 was Rs 7,136.09 crore, up 5.57% over Rs 6,759.53 crore in FY25.
  • EBITDA: Consolidated EBITDA for Q4FY26 was Rs 279.07 crore, up 21.81% YoY and 44.46% QoQ. For the full year FY26, it reached Rs 984.11 crore compared to Rs 1,026.31 crore in FY25.
  • Profit Before Tax (PBT): Consolidated PBT for Q4FY26 was Rs 116.80 crore, a YoY growth of 26.20% and a QoQ growth of 239.44%. Annual PBT for FY26 stood at Rs 364.48 crore, a decline of 29.49% from Rs 516.96 crore in FY25.
  • Net Profit (attributable to owners): The consolidated net profit for Q4FY26 stood at Rs 91.98 crore, up 35.76% YoY and 336.75% QoQ. For the full year FY26, it was Rs 265.84 crore, representing a 34.97% decrease compared to Rs 408.79 crore in FY25.

Standalone Financial Highlights

  • Revenue from Operations (Net): For Q4FY26, revenue stood at Rs 1,807.00 crore, reflecting a YoY growth of 9.35% compared to Rs 1,652.49 crore in Q4FY25 and a QoQ growth of 15.80% compared to Rs 1,560.48 crore in Q3FY26. For the full year FY26, revenue reached Rs 6,631.70 crore, showing a marginal increase of 0.34% over Rs 6,609.44 crore in FY25.
  • Total Income: Standalone total income for Q4FY26 was Rs 1,812.96 crore, up 8.58% YoY and up 15.22% QoQ. Annual total income for FY26 stood at Rs 6,685.68 crore compared to Rs 6,702.53 crore in FY25.
  • EBITDA: EBITDA for Q4FY26 was Rs 232.30 crore, showing a YoY growth of 7.56% and a QoQ growth of 58.88%. For the full year FY26, EBITDA stood at Rs 828.76 crore, a decrease of 9.37% from Rs 914.42 crore in FY25.
  • Profit Before Tax (PBT): PBT for Q4FY26 was Rs 108.18 crore, increasing by 12.76% YoY and 489.86% QoQ. For the full year FY26, PBT stood at Rs 320.41 crore, down 31.05% compared to Rs 464.67 crore in FY25.
  • Net Profit: The company reported a standalone net profit of Rs 82.56 crore for Q4FY26, up 11.60% YoY and 460.87% QoQ. Annual net profit for FY26 reached Rs 241.02 crore, a decrease of 34.84% from Rs 369.89 crore in FY25.

Business Highlights

  • Segment Performance (Consolidated):
    • Paper and Packaging Products: This segment contributed revenue of Rs 1,885.56 crore in Q4FY26 and Rs 6,890.28 crore for the full year FY26.
    • Others: This segment contributed revenue of Rs 81.99 crore in Q4FY26 and Rs 192.17 crore for the full year FY26.
  • Dividend: The Board of Directors has recommended a dividend of Rs 4.00 per Equity Share (40%) on 18,13,18,771 Equity shares of Rs 10/- each for the financial year ended March 31, 2026.
  • BCTMP Plant: The commissioning of the Hardwood Bleach Chemical Thermo-Mechanical Pulp ("BCTMP") Plant is currently at an advanced stage with commercial production expected from the 1st quarter of FY26-27.
  • Exceptional Item: The company recognised an incremental impact towards retirement obligations following the notification of four New Labour Codes, amounting to a consolidated Rs 16.30 crore for the year ended March 31, 2026.
  • Corporate Structure: Pursuant to a Composite Scheme of Arrangement, The Sirpur Paper Mills Ltd has become a Wholly Owned Subsidiary of JK Paper Ltd, effective March 15, 2026.

Commenting on the results, Shri Harsh Pati Singhania said, “Higher volume with improved operational efficiencies have contributed to better performance during the current quarter compared to the corresponding period as well as sequentially. High wood costs and low-priced imports have severely eroded industry margins. Despite this, the Company achieved its highest ever Paper and Board sales of 8.19 Lac MT during F.Y. 2025-26 and maintained its leadership position across its product categories. The performance of the Company’s packaging conversion business also improved during the year. Sharp rupee depreciation against the Euro resulted in restatement losses, adversely impacting net profit”

He further added, “The Composite Scheme of Arrangement, as approved by the Board of Directors of the Company, has been sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench (“NCLT”) vide its Order dated 3rd February 2026 (“Order”) and has become effective from 15th March 2026. Consequent to the Scheme, The Sirpur Paper Mills Ltd, a Step-down Subsidiary of the Company, has become a Wholly Owned Subsidiary of JK Paper Ltd. and three of the packaging conversion companies have been amalgamated.

The commissioning of the Hardwood Bleach Chemical Thermo-Mechanical Pulp (“BCTMP”) Plant of Unit CPM, Gujarat, is currently at an advanced stage with commercial production expected from the 1st quarter of FY27. This backward integration will enable consistent supply of high-quality BCTMP pulp, eliminating the need for import of costly imported Hardwood BCTMP pulp.”

Result PDF

Paper & Paper Products company JK Paper announced Q3FY26 results

  • Consolidated Turnover of Rs 1,877.62 crore during Q3FY26.
  • EBITDA of Rs 195.87 crore during Q3FY26
  • Profit after Tax (PAT) of Rs 27.40 crore during Q3FY26

Shri Harsh Pati Singhania, said: “The performance has been adversely impacted primarily due to planned annual shut at two major plants of JK Paper Ltd in Odisha and Gujarat leading to lower production. Continued imports at low price have resulted in lower sales realisation, and sharp rupee depreciation against Euro has impacted the finance cost. Some improvement is, however, anticipated in the coming quarter due to improved demand and reduction in input costs.”

“The Board approved a Rs 500 crore during Q3FY26 Hybrid Power Project which will result in power cost economies and increase Company’s sustainable green power output, moving towards its goal of reducing fossil fuel dependence.”

“The Company’s Composite Scheme of Arrangement has been approved on 3rd February,2026 by the Hon'ble National Company Law Tribunal, Ahmedabad (NCLT) which will result in the consolidation of Paper and Packaging businesses and streamline the corporate structure bringing in efficiencies in operations, processes and ease of compliances. This will also help the company to serve its customers better.”

Result PDF

Paper & Paper Products company JK Paper announced Q2FY26 results

  • Turnover of Rs 1,870.34 crore for Q2FY26.
  • EBITDA of Rs 243.66 crore for Q2FY26.
  • Profit after Tax (PAT) of Rs 74.75 crore for Q2FY26.

Harsh Pati Singhania, said: “Paper and Paper Board segment continue to face challenges arising from higher wood cost and lower sales realisation due to cheap imports. This has adversely impacted profitability across the product segments despite increased sales volume over the corresponding period.The performance of the Company’s packaging conversion subsidiaries improved during the quarter.”

“recent changes in GST rates have also had an adverse impact on the Paper & Board Industry. While GST on Paper and Boards has gone up from 12% to 18%, it has been reduced to 5% on converted products (Mono Cartons & Corrugated Boxes), resulting in inverted duty structure. In the case of Notebooks GST has become Nil, resulting in manufacturers in this sector being denied input credit. The disruption caused due to these GST changes has serious implications across the Paper and Board value chain, resulting in more expensive input costs for convertors, blockage of working capital, besides opening up the market to further cheap imports which do not have to bear the embedded taxes in domestic Paper and Board supplies. Representations have been made by Indian Paper Manufacturers Association (IPMA) and the converting industry regarding this anomaly to the Government and GST Council.”

Result PDF

Paper & Paper Products company JK Paper announced Q1FY26 results

  • The Company recorded a Consolidated Turnover of Rs 1,784.88 crore.
  • Company recorded EBITDA of Rs 272.20 crore and Profit after Tax (PAT) of Rs 81.23 crore, during this quarter.

Harsh Pati Singhania said, “The Company’s core business in Paper and Paper Board continued to face headwinds from cheap imports resulting in depressed sales realization and ongoing high domestic wood prices. Despite this, JK Paper improved its profits on a sequential basis.

Result PDF

Paper & Paper Products company JK Paper announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • JK Paper recorded a consolidated turnover of Rs 1,805.28 crore
  • The company achieved EBITDA of Rs 241.63 crore
  • The PAT stood for Q4FY25 is at Rs 76.20 crore

FY25 Financial Highlights:

  • JK Paper recorded a consolidated turnover of Rs 7,120.20 crore
  • The company achieved EBITDA of Rs 1,036.28 crore
  • The PAT stood for FY25 is at Rs 409.82 crore.

Commenting on the results, Shri Harsh Pati Singhania, Chairman & Managing Director, said, “Profits have been significantly impacted due to surge in imports at low prices and high wood cost. Despite adverse market scenario, the Company achieved highest ever sale of 8.06 LMT during the year and maintained its leadership position across its product categories.”

Result PDF

Paper & Paper Products company JK Paper announced Q3FY25 results

  • Q3 Turnover Rs 1732.97 crore, Net Profit declines due to sharp rise in imports at low price.
  • During the quarter recorded EBITDA of Rs 189.77 crore
  • Recorded Profit after Tax (PAT) of Rs 65.39 crore for the Quarter

Shri Harsh Pati Singhania, Chairman & Managing Director, said, “Sharp rise in imports at low price adversely affected sales volumes and realisation in Paper & Board. This coupled with continuing high wood costs has resulted in significant fall in profits”.

“This is a strategic acquisition in a promising and rapidly developing industry segment and provides a new opportunity for the Company to grow. QVPL is a profitable export-oriented enterprise and a leader in its category.”

Result PDF

Paper & Paper Products company JK Paper announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Consolidated Turnover at Rs.1,777 crore.
  • EBITDA: Rs.295 crore.
  • Profit after Tax (PAT): Rs.128 crore.

H1FY25 Financial Highlights:

  • Consolidated Turnover was Rs.3,582 crore.
  • EBITDA: Rs.605 crore.
  • PAT: Rs.268 crore.

Shri Harsh Pati Singhania, Chairman & Managing Director, JK Paper, said: “The results have been primarily affected due to continuing high wood cost. Sizeable increase in imports at much lower prices have significantly impacted volume and realisation in the Printing & Writing and Packaging Board Segment.”

Result PDF

Paper & Paper products company JK Paper announced consolidated Q1FY25 results:

  • The company recorded a Turnover of Rs 1,804.47 crore
  • EBITDA: Rs 309.33 crore
  • Profit after Tax (PAT): Rs 139.72 crore 

Commenting on the results, Harsh Pati Singhania, Chairman & Managing Director, said, “The results have been adversely impacted due to significant drop in market prices coupled with surge in wood cost as compared to the corresponding quarter. The Company however increased sales volume driven by higher utilisation in Packaging Board Business.”

He added, “the Company acquired balance 15% Equity shares of its Subsidiary Companies, Horizon Packs Pvt. Ltd (HPPL) and Securipax Packaging Pvt. Ltd (SPPL). Post this, HPPL and SPPL have become Wholly Owned Subsidiaries of the Company.”

In order to mitigate long term raw material availability and cost increase, the Company has further stepped up its social farm forestry initiatives.

The Company continued its CSR activities in the areas of Women empowerment, Education, Healthcare, Sustainable Agriculture, Rural Infrastructure and Natural Resource Management.

 

Result PDF

Paper & Paper Products company JK Paper announced Q4FY24 & FY24 results:

  • JK Paper Ltd., one of lndia's largest Paper & Packaging Solutions Companies, recorded a Turnover of Rs 1,804.87 crore, EBITDA of Rs 416.44 crore and Profit after Tax (PAT) of Rs 275.64 crore on Consolidated basis for the Quarter ended March'24.
  • For FY24, the Consolidated Turnover was Rs 7,000.26 crore, EBITDA Rs 1,842.86 crore and PAT Rs 1,121.77 crore.
  • The Board of Directors has recommended a final Dividend of Rs.5/- per share (50%), on the Equity Share Capital for the financial year ended 31st March, 2024. This is in addition to lnterim Dividend of Rs 3.5/- (35%) per Equity Share declared and paid during the said financial year.

Commenting on the results, Shri Harsh Pati Singhania,Chairman & Managing Director, said, 'Significant increase in raw material cost and lower realisation across all categories have impacted performance during the quarter and year as a whole. The selling prices continued to remain under pressure due to ancrease in imports. However sales volumes grew by 2.3% in Paper & Boards during the year and the Company continues to focus on operational efficiencies."

Result PDF

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