JK Paper Ltd

Further, Crisil Ratings has reaffirmed its 'Crisil AA/Stable/Crisil A1+' ratings on the bank facilities, fixed deposits, existing NCDs and commercial paper programmes of the company. Crisil Ratings stated that the ratings continue to reflect JKPL's healthy business risk profile, as indicated by strong market position and operating efficiency. The company is a market leader in the writing and printing paper (WPP) industry and is one of the largest players in the organised packaging board and corrugated box segments. JKPL acquired Radheshyam Wellpack (RWPL) in fiscal 2025 and announced acquisition of Borkar Packaging (BPPL) in the current fiscal to strengthen its market position. JKPL's superior market reach and dealer network enhances the business profile further. Operating efficiency is supported by capacity utilisation of above 100% and industry-leading operating profitability. The ratings also factor in the robust financial risk profile, aided by healthy cash accrual. These strengths are partially offset by susceptibility to cyclicality inherent in the paper industry. The company is planning capital expenditure (capex) of Rs 750-800 crore during fiscal 2026, which includes Rs 600-650 crore capex for a Bleached Chemi-ThermoMechanical Pulp (BCTMP) mill and regular maintenance capex of Rs 100-150 crore. The company is expected to fund the capex with a mixture of debt and equity. However, despite the addition of debt, leverage ratios are expected to remain comfortable. JK Paper has three manufacturing plants (with total capacity of 761,000 tonne per annum), at Songadh, Gujarat; Rayagada, Odisha; and Sirpur Paper Mills plant in Telangana. The Songadh plant produces copier paper and paper boards, the Rayagada unit produces copier and coated paper and the Sirpur plant produces paper and paper boards. For the three months ended June 30, 2025, net profit was Rs 85 crore on sales of Rs 1,674 crore, against Rs 141 crore and Rs 1,714 crore, respectively, for the corresponding period of the previous fiscal. The scrip shed 0.30% to trade at Rs 388.35 on the BSE today. Powered by Capital Market - Live

Action Construction Equipment Ltd, eClerx Services Ltd, Safari Industries (India) Ltd and Newgen Software Technologies Ltd are among the other gainers in the BSE's 'A' group today, 25 August 2025.JK Paper Ltd spiked 13.13% to Rs 394.5 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.2 lakh shares were traded on the counter so far as against the average daily volumes of 14204 shares in the past one month. Action Construction Equipment Ltd soared 11.03% to Rs 1094.2. The stock was the second biggest gainer in 'A' group. On the BSE, 2.06 lakh shares were traded on the counter so far as against the average daily volumes of 34241 shares in the past one month. eClerx Services Ltd surged 8.06% to Rs 4203.55. The stock was the third biggest gainer in 'A' group. On the BSE, 28020 shares were traded on the counter so far as against the average daily volumes of 4643 shares in the past one month. Safari Industries (India) Ltd rose 6.91% to Rs 2154. The stock was the fourth biggest gainer in 'A' group. On the BSE, 12454 shares were traded on the counter so far as against the average daily volumes of 1591 shares in the past one month. Newgen Software Technologies Ltd jumped 6.58% to Rs 922.9. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.57 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month. Powered by Capital Market - Live

Shares of JK Paper surged 13.6%, Emami Paper Mills jumped 13.5%, Tamil Nadu Newsprint & Papers gained 12.4%, West Coast Paper Mills rose 12%, while Andhra Paper and Seshasayee Paper climbed 7% each. NR Agarwal Industries was up 5%. The Directorate General of Foreign Trade (DGFT), through a notification dated 22 August, amended the import policy for certain paper and paperboard categories, fixing the MIP at Rs 67,220 per metric tonne on a cost, insurance, and freight (CIF) basis till 31 March 2026. The MIP applies under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200 and 48109900. Imports will continue to require registration under the Paper Import Monitoring System (PIMS), while stock lot imports remain prohibited. The Indian Paper Manufacturer Association had approached the Directorate General of Trade Remedies (DGTR) in June, seeking an anti-dumping probe into imports of VPB from Indonesia. Analysts noted that raw material prices have been stable for paper companies, while demand is expected to pick up on the back of festive season packaging requirements, education-related consumption, and NCERT textbook changes. With capacity expansions underway and Q3-Q4 being seasonally strong quarters for the sector, the policy change is seen as further strengthening domestic paper makers. Powered by Capital Market - Live

JK Paper announced that the Annual General Meeting(AGM) of the company will be held on 1 September 2025.Powered by Capital Market - Live

However, revenue from operations declined by 0.90% quarter-on-quarter (QoQ) to Rs 1,674.16 crore in the quarter ended 30 June 2025. On a year-on-year (YoY) basis, net profit fell 41.86%, while revenue from operations shed 2.30% in Q1 FY26. In Q1 FY26, profit before tax fell by 40.03% year-on-year to Rs 116 crore, as compared to the same quarter in FY25. Total expenses rose 2.19% year on year to Rs 1,583.23 crore in the quarter ended 30 June 2025. The cost of material consumed stood at Rs 149.58 (up 10.37%YoY), finance cost was at Rs 67.14 crore (up 88.64%) during the period under review. Revenue from paper and packaging segment declined 3.91% to Rs 1,641.82 crore in Q1 FY26 as against Rs 1,708.73 crore in Q1 FY25. Revenue from others segment jumped 192.13% to Rs 34.91 crore in Q1 FY26 from Rs 11.95 crore in Q1 FY25. Shri 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.' The board of directors of JK Paper (JKPL) has approved the acquisition of a majority stake in Borkar Packaging Private (BPPL). Commenting on the acquisition, Shri Harsh Pati Singhania, chairman & managing director, said, 'The Packaging Conversion business is amongst the fastest growing segments in the Indian Paper and Packaging industry driven by growth in end use industries. The acquisition of BPPL is in line with the long term strategic objective of the Company and gives us an opportunity to offer combined solution to customers with respect to secondary and tertiary packaging. BPPL's customers, employees, vendors and partners will benefit from JK Paper's strong knowledge of manufacturing and its high standards in operational excellence, financial management and corporate governance.' With this acquisition, JKPL will further strengthen its top leadership position in the corrugated packaging segment and emerge amongst the top three players in the Folding Cartons space. BPPL is engaged in the manufacturing of packaging products such as folding cartons, corrugated boxes, and labels. The company operates seven plants across India and reported revenue of Rs 393.20 crore for the financial year 2023'24. Furthermore, the company's board approved the proposed issuance of redeemable non-convertible debentures (NCDs) of up to Rs 500 crore (Rupees five hundred crore only), in one or more tranches or series. The funds raised will be utilized for routine capital expenditure, long-term working capital requirements, and general corporate purposes, in compliance with applicable regulations and guidelines. JK Paper is the leading player in office papers, coated papers and Packaging boards. It is one of the most respected paper companies today. Powered by Capital Market - Live

Net profit of JK Paper declined 41.86% to Rs 81.23 crore in the quarter ended June 2025 as against Rs 139.72 crore during the previous quarter ended June 2024. Sales declined 2.30% to Rs 1674.16 crore in the quarter ended June 2025 as against Rs 1713.65 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1674.161713.65 -2 OPM %14.7616.36 - PBDT205.06273.74 -25 PBT116.00193.44 -40 NP81.23139.72 -42 Powered by Capital Market - Live

JK Paper will hold a meeting of the Board of Directors of the Company on 28 July 2025.Powered by Capital Market - Live

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