Jk Paper India

JK Paper Q3 profit more than doubles to Rs 329 cr on robust demand

JK Paper Ltd reported its profit more than doubled in the third quarter, on the back of higher demand for copier papers and packaging boards from schools and offices post-pandemic

JK Paper jumps 4% on acquiring majority stake in Horizon Packs and SPPL

The shift in consumer preferences are driving demand for superior quality, eco-friendly packaging, JK Paper said.

Vinay Rajani expects Nifty to test all-time high; recommends these 2 stocks

The technical analyst from HDFC Securities from HDFC Securities recommends buying JK Paper and Happiest Minds for targets of up to Rs 486 and Rs 1,150, respectively.

JK Paper Q2 net more than doubles to Rs 327 crore, revenue rises 72%

JK Paper on Wednesday reported more than two-fold increase in consolidated net profit at Rs 326.93 crore in the second quarter of FY23, helped by higher sales volume and enhanced sales realisation. The company had logged a net profit of Rs 118.38 crore in the July-September period a year ago, JK Paper said in a regulatory filing. Its revenue from operations went up 72.34 per cent to Rs 1,722.63 crore. It stood at Rs 999.51 crore in the corresponding quarter last year. JK Paper's total expenses were at Rs 1,207.40 crore, up 49.6 per cent in the September quarter. Vice Chairman & Managing Director H P Singhania said: "The company was able to deliver an improved performance on a quarter-to-quarter and YoY basis due to growth in volume driven by the ramp-up of new packaging board capacity coupled with overall better realisation despite the adverse impact of higher input costs." The finance cost was also lower on account of effective working capital management and reduction in interest

Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022

Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.

JK Paper surges 10% on robust Q1; West Coast, Andhra Paper rally up to 16%

The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the preceding ten sessions.

JK Paper Q4 profit rises 25% to Rs 170 cr; logging numbers like in Q3

JK Paper Ltd on Friday reported a 25 per cent increase in consolidated net profit at Rs 170.17 crore for the fourth quarter ended March riding on higher sales volumes. The company had posted a consolidated net profit of Rs 136.07 crore in the corresponding period of previous fiscal, JK Paper Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,430.87 crore as against Rs 979.82 crore in the same quarter a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 543.82 crore as against Rs 236.72 crore in the previous fiscal, JK Paper said. Consolidated revenue from operations in FY22 stood at Rs 4,244.33 crore as against Rs 3,000.49 crore in FY21, it added. The company said its board has recommended an enhanced dividend of Rs 5.50 per share at 55 per cent, amounting to a total of Rs. 93.17 crore for the year ended March 31, 2022. JK Paper Vice Chairman and Managing Director Harsh Pati Sing

JK Paper rallies 29% in 1 week, hits new high on improved biz outlook

The re-opening of offices, educational institutions, and courts will lead to normalisation of paper demand.

Covid-19: IFC to infuse $35 mn in JK Paper to fund its working capital need

The proposed IFC infusion would fund the incremental working capital requirements due to the impact of Covid-19

JK Paper set to invest Rs 14.5 billion to expand capacity at Gujarat plant

The project will be funded via a mix of internal accruals and long-term debt

JK Paper Q2 net up 29% to Rs 56 cr on lower finance costs

Reduction in finance cost is the outcome of continued deleveraging, lower rate of interest and better working capital management

JK Paper lines up Rs 650 crore for investment, capex

JK Paper Limited (JKPL) line up around $100 million for investment and capex. The project will be backed by IFC's investment of around $50 million.JKPL is a leading Indian producer of office papers, packaging boards, printing and writing papers, and specialty papers.The proposed project consists of capacity and efficiency improvement capital expenditures at the two existing plants and refinancing of existing debt.IFC's investment aims to help the Company improve its productivity and restructure its balance sheet, in the process preparing the Company to capitalize on growth opportunities expected to be available in the sector in the short to medium term.The total project cost is estimated at approximately US$100 million. The proposed IFC investment is in the form of secured non-convertible debentures (NCDs) of up to Rs 3.35 billion ($50 million equivalent).The Project locations are at the Company's two plants JK Paper Mills, also called Unit JKPM located at Odisha, and in Central Pulp .

JK Paper's Q1 net up 79% at Rs 26.6 cr

Gross sales rose 4% to Rs 710.8 cr