JK Paper Ltd. — Earnings Release 2025

Jan 29, 2025

Pradeep Digitally signed by Pradeep Joshi Joshi Date: 2025.01.29 18:32:48 +05'30'

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

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January 29, 2025

Press Release

• Q3 Turnover Rs.1732.97 Cr., Net Profit declines due to sharp rise in imports at low price.

• Board approves acquisition of majority stake in Quadragen Vethealth Private Limited

JK Paper Ltd. , (JKPL) one of India’s largest Paper & Packaging Solutions Companies, recorded a Turnover of Rs. 1,732.97 Cr, EBITDA of Rs.189.77 Cr and Profit after Tax (PAT) of Rs.65.39 Cr on Consolidated basis for the Quarter ended December’24 . For the nine months period ended December,2024, the Consolidated Turnover was Rs.5,314.92 Cr, EBITDA Rs.794.65 Cr and PAT Rs.333.62 Cr .

Commenting on the results, Shri Harsh Pati Singhania, Chairman & Managing Director , said, “Sharp rise in imports at low price adversely affected sales volumes and realisation in Paper & Board. This coupled with continuing high wood costs has resulted in significant fall in profits”.

The Company continues it’s focus on social farm forestry initiatives around all plant locations to strengthen availability of adequate raw material besides improving green cover in the states of Odisha, Gujarat, Andhra Pradesh, Telangana, and Maharashtra. Total Saplings planted so far during the year is 11.28 Cr. covering 76,615 Acres.

The Board, at it’s meeting held today, approved the acquisition of majority stake in Quadragen Vethealth Private Limited (QVPL). JKPL entered into a Share Purchase and Shareholders’ Agreement (SPSHA) for the acquisition of 65% shares of QVPL upfront and the balance 35% to be acquired with in a period of four years as per the SPSHA. QVPL is engaged in the business of manufacturing, marketing and exporting of Animal Nutrition Products including Feed Additives & Growth Promoters.

Commenting on the same, Shri Harsh Pati Singhania, Chairman & Managing Director , said, “ This is a strategic acquisition in a promising and rapidly developing industry segment and provides a new

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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

opportunity for the Company to grow. QVPL is a profitable export-oriented enterprise and a leader in its category.”

During the quarter, India Ratings and Research (Ind-Ra) has reaffirmed its Long-term rating to “IND AA/Stable” and for Short term & Commercial Paper rating to “IND A1 +” of the Company.

The Company continued it’s CSR activities covering 848 villages across 8 states and with almost 9.80 Lac direct beneficiaries. The CSR activities includes Women Empowerment, Education, Healthcare, Sustainable Agriculture, Rural Infrastructure, Natural Resource Management, Slum Education and Plastic Waste Management.

Awards and Accolades during the Quarter :

Unit JKPM :

1. 50th CII Platinum Award Winner for Innovative Kaizen 2024 from Confederation of Indian Industries (CII), Chennai on (DT-23[rd] & 24[th] Oct-2024).

2. India Green Manufacturing Challenge Award 2024 & Gold Medal from International Research Institute for Manufacturing (IRIM), Mumbai (DT-8[th] Nov-2024).

Unit CPM :

1. BIS Award for excellence in promoting BIS Standards from the Director of BIS, Surat. (DT-29[th] Oct2024).

2. Silver & Bronze Award for Digitalization and Artificial Intelligence from Confederation of Indian Industries (CII), virtual mode (DT- 5[th] & 6[th] Dec-2024).

3. Star Champion Award for Kaizen/3M/ Circle competition from Confederation of Indian Industries (CII), virtual mode (DT- 10[th] & 11[th] Dec-2024).

4. External Rewards & Recognition from Quality Circle Forum of India (QCFI), Gwalior (DT-28[th] Dec2024).

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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, Corrugated Boxes, Mono Cartons and Labels. We are a wood and carbon positive Company . Quadragen Vethealth Private Limited is a Speciality Chemical Animal Health Company in India. The Company, incorporated in 2010, is located in Bengaluru.

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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.

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