JK Paper Q3 Net Profit Falls 29% To Rs 236.4 Crore
Its total income rose 4.15% to Rs 1,762.32 crore during the quarter under review.07-02-2024
07-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for JK Paper Ltd.
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 PDF07-02-2024
JK PAPER LTD. - 532162 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release07-02-2024
JK PAPER LTD. - 532162 - Corporate Action-Board approves Dividend
Board approves Dividend07-02-2024
JK PAPER LTD. - 532162 - Appointment Of Shri Bharat Hari Singhania As Chairman Emeritus & Strategic Advisor And Redesignation Of Shri Harsh Pati Singhania As Chairman & Managing Director, Effective From 1St April 2024
Appointment of Shri Bharat Hari Singhania as Chairman Emeritus & Strategic Advisor and Redesignation of Shri Harsh Pati Singhania as Chairman & Managing Director, effective from 1st April 202407-02-2024
JK PAPER LTD. - 532162 - Announcement under Regulation 30 (LODR)-Resignation of Director
Resignation of Director07-02-2024
JK PAPER LTD. - 532162 - Announcement under Regulation 30 (LODR)-Resignation of Chairman
Resignation of Chairman07-02-2024
JK PAPER LTD. - 532162 - Board Meeting Outcome for Outcome Of Board Meeting Held On 7Th February 2024
Outcome of Board Meeting held on 7th February 202407-02-2024
JK PAPER LTD. - 532162 - Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2023
Unaudited Financial Results for the quarter and nine months ended 31st December 202307-02-2024
JK PAPER LTD. - 532162 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201502-02-2024