JK Paper Ltd Share Price – NSE  / BSE

Paper, Small Cap

JK Paper announced that R.V. Kanoria (DlN: 00003792) and SandipSomany (DlN: 00053597) have completed their second term as Independent Directors of the Company on 22 August 2024 and consequently, they are not Members of the Board of Directors of the Company with effect from 23 August 2024.

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JK Paper announced that the Annual General Meeting (AGM) of the company will be held on 3 September 2024.

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Axis Bank Ltd, Garden Reach Shipbuilders & Engineers Ltd, DCB Bank Ltd and Welspun Corp Ltd are among the other losers in the BSE's 'A' group today, 25 July 2024.

JK Paper Ltd tumbled 7.32% to Rs 522.6 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 84509 shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one month.

Axis Bank Ltd crashed 5.78% to Rs 1168.1. The stock was the second biggest loser in 'A' group.On the BSE, 5.57 lakh shares were traded on the counter so far as against the average daily volumes of 2.98 lakh shares in the past one month.

Garden Reach Shipbuilders & Engineers Ltd lost 4.66% to Rs 2267.25. The stock was the third biggest loser in 'A' group.On the BSE, 70315 shares were traded on the counter so far as against the average daily volumes of 4.05 lakh shares in the past one month.

DCB Bank Ltd slipped 4.57% to Rs 127.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 4.36 lakh shares were traded on the counter so far as against the average daily volumes of 1.48 lakh shares in the past one month.

Welspun Corp Ltd corrected 4.51% to Rs 638.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 37435 shares were traded on the counter so far as against the average daily volumes of 91995 shares in the past one month.

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Revenue from operations rose 8.16% year on year (YoY) to Rs 1,713.65 crore in the quarter ended 30 June 2024.

Profit before tax decreased by 51.74% to Rs 193.44 crore in Q1 FY25 over Q1 FY24. EBITDA stood at Rs 309.33 crore in the quarter ended 30 June 2024.

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. The company acquired balance 15% equity shares of its subsidiary companies, Horizon Packs (HPPL) and Securipax Packaging (SPPL). Post this, HPPL and SPPL have become wholly owned subsidiaries of the company.”

JK Paper is the market leader in branded copier paper in India and amongst the top producers of coated paper and packaging boards in the country. The company is consistently following a policy of focusing on value added products like copier, bond, security, coated papers, virgin fibre packaging boards, high-end maplitho, food grade papers and boards.

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