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