Acquisitions28 Jul 2025, 06:52 pm
JK Paper Acquires Majority Stake in Borkar Packaging, Q1 Profits Increase Sequentially
AI Summary
JK Paper Ltd. (JKPL) has approved the acquisition of a majority stake in Borkar Packaging Private Limited (BPPL). BPPL is engaged in the business of manufacturing Packaging products with a revenue of Rs.393.20 crore in FY 2023-24. The acquisition is in line with the Company's long-term strategic objective, aiming to offer combined solutions to customers with respect to secondary and tertiary packaging. The Board also approved the results for the quarter ended June’25, showing a Consolidated Turnover of Rs. 1,784.88 Cr, EBITDA of Rs.272.20 Cr, and Profit after Tax (PAT) of Rs.81.23 Cr. The Company's core business in Paper and Paper Board continues to face headwinds, but JK Paper improved its profits on a sequential basis.
Key Highlights
- JK Paper acquires majority stake in Borkar Packaging Private Limited
- BPPL is engaged in the business of manufacturing Packaging products like Folding Cartons, Corrugated Boxes and Labels
- BPPL has seven plants across the country with Revenue of Rs.393.20 crore in FY 2023-24
- JKPL improved its profits on a sequential basis in Q1 - F.Y. 2025-26
- The acquisition will strengthen JKPL's position in the Corrugated Packaging segment and emerge amongst the top three players in the Folding Cartons space