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JK Paper Results: Latest Quarterly Results & Analysis

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JK Paper Ltd. 04 Nov 2025 12:05 PM

Q2FY26 Quarterly Result Announced for JK Paper Ltd.

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.”

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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.”

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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

JK Paper announced Q3FY24 & 9MFY24 results:

Financial Performance Highlights:

  • Consolidated Quarterly Turnover: JK Paper reported a turnover of Rs 1,781.65 crore for Q3FY24.
  • EBITDA: The EBITDA for the quarter stood at Rs 428.34 crore.
  • Profit After Tax (PAT): The company's PAT for the quarter was Rs 235.11 crore.
  • Nine-Month Performance: For the nine months period ended December 2023, the company recorded consolidated turnover of Rs 5,195.39 crore, EBITDA of Rs 1,426.42 crore, and PAT of Rs 846.13 crore.
  • Interim Dividend: An interim dividend of Rs 3.50 per equity share has been declared by the board, with a record date of February 16, 2024.

Operational Highlights:

  • Acquisitions: The acquisition of 100% Equity shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL), which has been renamed to JKPL Utility Packaging Solutions Private Limited, was completed, making it a wholly owned subsidiary as of November 21, 2023.
  • Plantation Activities: The focus on plantation activities remains strong, with 10.29 crore saplings planted till December 2023 in the current financial year.

Credit Ratings:

  • CRISIL Ratings: CRISIL Ratings Limited reaffirmed its "AA/Stable" rating for various funding facilities of the company in November 2023.
  • India Ratings and Research: In January 2024, India Ratings and Research (Ind-Ra) reaffirmed the "AA/Stable" rating for the company's funding facilities and reaffirmed 'IND A1 ' rating for commercial papers.

Shri Harsh Pati Singhania, Vice Chairman & Managing Director, shared his insights on the quarter's performance: "The results have been impacted due to overall drop in sales realisation and 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."

He added, “pursuant to approval of the Board of Directors at its meeting held on 16th October 2023, the Company has acquired 100% Equity shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL) as per terms of Share Purchase Agreement. Post this, MUPSPL has become wholly owned subsidiary of the Company w.e.f. 21st November 2023. Subsequently, name of MUPSPL has been changed to JKPL Utility Packaging Solutions Private Limited. The Company continued its focus on plantation activities to procure adequate raw materials by planting a total of 10.29 crore saplings till December 2023 in the current financial year.”

Result PDF

Paper & Paper Products company JK Paper announced consolidated Q1FY24 results:

  • Turnover of Rs 1,663.97 crore (up 10% YoY),
  • EBITDA of Rs 532.03 crore (up 16% YoY)
  • Profit after Tax (PAT) of Rs 308.67 crore (up 18 % YoY) 

Commenting on the results, Shri Harsh Pati Singhania, Vice-Chairman & Managing Director, said, "On a consolidated basis, the results have improved due to the acquisition of corrugation business during last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation. However, the packaging board business witnessed a drop in volume and sales realization and was impacted by higher pulp carrying cost."

 

 

Result PDF

JK Paper announced Q4FY23 & FY23 results:

Consolidated FY23:

  • Highest ever Consolidated Turnover of Rs, 6,772.17 crore (up 60%)
  • EBITDA of Rs 2,184.45 crore (up 95%)
  • Profit after Tax (PAT) of Rs 1,195.79 crore (up 120%)

Consolidated Q4FY23:

  • Turnover of Rs 1,806.99 crore (up 26%)
  • EBITDA of Rs 524.74 crore (up 47%)
  • Profit after Tax (PAT) of Rs.280.26 Crore (up 65 %) compared to Q4FY22.

The Board of Directors has recommended a final Dividend of Rs 4/- per share (40%), on the Equity Share Capital for the Financial Year ended 31st March, 2023. This is in addition to the lnterim Dividend of Rs 4/- (40%) per equity share declared and paid by the Board of Directors during the said financial year.

Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director, said, "Higher volume coupled with increased realisation led to better operating performance during the year. Q4(Jan-Mar'23) however, witnessed reduced selling prices in certain product segments in line with global prices. Correspondingly some input costs have also softened. Our new capacity in Packaging Board has helped us to reach out to new customers and develop additional product range."

 

 

 

 

 

 

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