JK Paper Ltd. reported Q3 Results on February 06, 2023. The company declared Net Profit Jumped 121% YoY, and an Interim Dividend for the FY23 of Rs. 4/Equity Share.

Record Date for the purpose of eligibility for payment of said Interim Dividend shall be February 17, 2023.

JK Paper is a leading manufacturer of copier paper, coated paper, and packaging boards in the country.

JK Paper Ltd.  reported Revenue from Operations of Rs.1,643.06 crores in the December quarter of FY23 up 60.5% YoY. It was Rs.1,023.62 crores in Q3 FY23. 

JK Paper reported Profit before Tax of Rs.450.93 crores up 114.7% YoY. It was Rs. 209.99 crores in Q3 FY23. 

JK Paper reported a Net Profit of Rs.333.54 crores up 121% YoY. It was Rs 151.05 crores in Q3 FY23. 

During Q3FY23, the company acquired 85% equity shares of Horizon Packs Private Ltd (HPPL) and Securipax Packaging Private Ltd (SPPL) and both these companies have become subsidiaries of JK Paper Ltd w.e.f. 12th December 2022.

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