JK Paper Ltd. — Earnings Release 2022

Feb 8, 2022

Nehru House, 4 Bahadur Shah Zafar Marg, New Delhi-110002

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February 8[th] , 2022

Press Release: 3[rd] Quarter Ended 31[st] December, 2021

Consolidated Turnover & Profit After Tax (PAT) up by 35% & 134% respectively over Corresponding Quarter

JK Paper Ltd. , one of India’s largest Paper Companies recorded a Turnover of Rs.1,093.87 Crore (up 35%) and EBITDA of Rs.284.11 Crore (up 57%) on Consolidated basis over corresponding quarter ended December, 2020. Profit After Tax (PAT) improved to Rs. 151.05 Crore (up 134%) . For the nine months ended December, 2021, Turnover was at Rs. 2,813.46 Crore (higher by 39%), EBITDA Rs. 763.66 Crore (higher by 87%) and PAT Rs. 373.65 Crore (higher by 271%) over corresponding period.

Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director , said “the improvement in Company’s performance is due to recovery in the paper segment and growth in Production and Sales volume coupled with higher realisation. This is despite sharp increase in major input costs in the recent period. JK Paper continued to maintain its leadership position in Cut –size office paper and a strong presence in Coated Paper, Packaging Board and niche products. Sirpur Paper Mills Ltd., a step down subsidiary, turned in strong performance.”

He added, “the commercial production of the new Packaging Board Plant at Unit CPM, Gujarat, has commenced from 14[th] January, 2022 . This will increase the Company’s total Paper & Board capacity to 7.61 Lac TPA on Consolidated basis and will enhance market share in fast growing Packaging Board segment. JK Paper continued to focus on

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Regd.Office : P.O. Central Pulp Mills - 394660, Fort Songadh, Dist. Tapi (Gujarat), , Website : www.jkpaper.com, Corporate Identity Number : L21010GJ1960PLC018099

developing plantations which helps raw material security as well as creating jobs for farmers in the local community.”

The Management has been closely monitoring the Covid-19 situations and its possible effects. Necessary precautions regarding hygiene, santisation, social distancing, care and protection of the employees continue to be followed.

Unit JKPM, Odisha has been awarded with CSR Team Award 2021 in “CSR & Community Development Initiatives “by Odisha CSR Forum during the quarter.

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JK Paper Ltd. 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. We are a wood and carbon positive Company .

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For further information, contact: V Kumaraswamy, CFO, 011-68201510, E-mail: vkmr@jkmail.com

Admin Office: Nehru House, 4 Bahadur Shah Zafar Marg, New Delhi-110002, Ph: 91-11-66001132, 66001112, Fax : 91-1123712680

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