JK Paper Ltd. — Earnings Release 2024

Nov 3, 2023

Deepak Digitally signed by Deepak Gupta Date: 2023.11.03 17:11:45 +05'30' Gupta

November 3,2023

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

Press Release: Results for the Quarter ended 30[th] September’23

Consolidated Turnover of Rs.3413.74 crore and PAT of Rs. 611.02 crore recorded during the first six months

JK Paper Ltd. , one of India’s largest Paper & Packaging Solutions Companies, recorded a Turnover of Rs. 1,749.77 Crore, EBITDA of Rs. 466.05 Crore and Profit after Tax (PAT) of Rs. 302.35 Crore on Consolidated basis for the quarter ended September’23. For the six months period upto 30[th] September 2023, the consolidated turnover was 3413.74 Crore, EBIDTA Rs. 998.08 Crore and PAT Rs. 611.02 Crore .

Commenting on the results, Shri Harsh Pati Singhania, Vice Chairman & Managing Director , said, “The results have been impacted due to lower sales realisation and higher input cost coupled with lower demand during the current quarter. Despite adverse market conditions, the company maintains it’s strong leadership across product categories. Of late the demand of Packaging Board has started recovering and there has been some increase in selling price across all product segments.”

He added, “during the quarter, pursuant to approval of the Board of Directors at its meeting held on 16th October 2023, Company has entered into Share Purchase Agreement (SPA) for the acquisition of 100% Shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL) . The acquisition is expected to be completed within the next four weeks subject to fulfilment of conditions mentioned in SPA.”

The Company has aggressively pursued it’s social farm forestry initiatives across all the Plant locations. A total of 8.44 crore saplings have already been planted in the first six months this year.

During the quarter Unit JKPM has been awarded with Golden Peacock Award for Energy Efficiency’23 from IOD, Bengaluru and 24[th] National Award for Excellence in Energy Management from CII, Hyderabad. Unit CPM has also won Energy Efficient Award from CII 24th National Award for Excellence in Energy Management.

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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 Products in the Country. The Company is consistently following a policy of focusing on value added products like Copier, Bond, Security, Coated Papers, Virgin Fiber Packaging Boards, High-end Maplitho, Food Grade Papers, Boards and Corrugated Boxes.. We are a wood and carbon positive Company .

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For further information, contact: KR Veerappan, CFO, 011-68201510, E-mail: krveerappan@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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Regd.Office : P.O. Central Pulp Mills - 394660, Fort Songadh, Dist. Tapi (Gujarat), , Website : www.jkpaper.com, Corporate Identity Number : L21010GJ1960PLC018099

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