JK Paper’s Net Profit Down 57.84% YoY To Rs 128.85 Cr In Q2FY25

Impacted by higher expenses, JK Paper, a paper and packaging solutions company, has registered a 57.84 per cent dip in its consolidated net profit during the second quarter of the current financial year (Q2FY25). As per the unaudited consolidated results, the company’s net profit stood at Rs 128.85 crore in Q2FY25, a decline from Rs 305.68 crore net profit in the same quarter during the previous financial year.

The company’s consolidated total income went up from Rs 1,708.81 crore in Q2FY24 to Rs 1,714.88 crore in Q2FY25. The same income stood at Rs 1,742.65 crore during the first quarter of the current year. The quarter two consolidated turnover of the company stood at Rs 1,777.48 crore.

The expenses of the company registered an increase during the period as the total expenses increased from Rs 1,368.23 crore in Q2FY24 to Rs 1,569.63 crore in Q2FY25. The total expenses during Q1FY25 were Rs 1,549.21 crore. The company recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 295 crore.

“The results have been primarily affected due to continuing high wood cost. The sizeable increase in imports at much lower prices have significantly impacted volume and realisation in the printing and writing and packaging boards,” stated Harsh Pati Singhania, Chairman and Managing Director of the company.

As far as the performance in the first half of the current financial year (H1FY25) is concerned, the company’s consolidated net profit for H1FY25 stood at Rs 269.64 crore, marking a decline from Rs 618.24 crore net profit during H1FY24. The total income during H1FY25 was Rs 3,457.53 crore as compared with Rs 3,348.01 crore in H1FY24.

The total expenses of the company during the half year ended 30 September 2024 stood at Rs 3,118.84 crore as compared to Rs 2,606.57 crore during the same period a year ago.