| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 2.0K | 11.5% | 16.4% |
| Total Income | 2.0K | 10.5% | 14.8% |
| Expenditure | 1.8K | 6.8% | 14.9% |
| PBT | 116.80 | 215.6% | 11.2% |
| Net Profit | 89.68 | 225.8% | 16.2% |
| OPM | 13.91% | 4.67pp | 1.09pp |
| NPM | 4.56% | 3.01pp | 0.06pp |
| EPS | 5.07 | 214.9% | 12.4% |
JK Paper FY26: Turnover Up 7% to ₹7,569 Cr
18 May 2026 · 18 May, 9:02 pm
Summary
JK Paper Ltd. announced its audited results for Quarter 4 and the full year ended March 2026. The company recorded a consolidated Turnover of ₹2,111.54 Cr for Q4 and ₹7,568.93 Cr for the full year, marking a 7% increase in yearly turnover. Profit after Tax (PAT) stood at ₹91.98 Cr for Q4 and ₹265.84 Cr for the full year. Despite challenging conditions such as high wood costs, low-priced imports, and adverse rupee depreciation, the company achieved its highest-ever Paper and Board sales volume and improved its packaging conversion business. Management anticipates future benefits from the Hardwood BCTMP Plant, expected to commence commercial production in Q1 FY27, enhancing backward integration and cost efficiency.
Key Highlights
- 1
JK Paper Ltd. reported a consolidated Turnover of ₹2,111.54 Cr for Quarter-4 ended March 2026.
- 2
For the full year ended March 2026, consolidated Turnover stood at ₹7,568.93 Cr, reflecting a 7% increase year-on-year.
- 3
The company's Profit After Tax (PAT) for Q4FY26 was ₹91.98 Cr, while the full year PAT was ₹265.84 Cr.
- 4
The Board of Directors recommended a Dividend of ₹4/- per share (40%) for FY26, amounting to ₹72.53 Crore on the Equity Share Capital.
- 5
JK Paper achieved its highest ever Paper and Board sale volume of 8.19 Lac MT during F.Y. 2025-26, maintaining its leadership position.
- 6
The commissioning of the Hardwood Bleach Chemical Thermo-Mechanical Pulp (BCTMP) Plant in Gujarat is expected from Q1 FY 2026–27, aimed at backward integration.
- 7
A Composite Scheme of Arrangement, which involved The Sirpur Paper Mills Ltd becoming a Wholly Owned Subsidiary and the amalgamation of three packaging conversion companies, became effective from 15th March 2026.
Management Comments
Shri Harsh Pati Singhania
Higher volume with improved operational efficiencies have contributed to better performance during the current quarter compared to the corresponding period as well as sequentially. High wood cost and low priced imports have severely eroded industry margins. Despite this, the Company achieved its highest ever Paper and Board sale of 8.19 Lac MT during F.Y. 2025-26 and maintained its leadership position across its product categories. The performance of the Company’s packaging conversion business also improved during the year. Sharp rupee depreciation against the Euro resulted in restatement losses, adversely impacting net profit.
Shri Harsh Pati Singhania
The Composite Scheme of Arrangement, as approved by the Board of Directors of the Company, has been sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench (“NCLT”) vide its Order dated 3rd February 2026 (“Order”) and has become effective from 15th March 2026. Consequent to the Scheme, The Sirpur Paper Mills Ltd, a Step-down Subsidiary of the Company, has become a Wholly Owned Subsidiary of JK Paper Ltd. and three of the packaging conversion companies have been amalgamated. The commissioning of the Hardwood Bleach Chemical Thermo-Mechanical Pulp (“BCTMP”) Plant of Unit CPM, Gujarat, is currently at an advanced stage with commercial production expected from the 1st quarter of FY 2026–27. This backward integration will enable consistent supply of high-quality BCTMP pulp eliminating the need for import of costly imported Hardwood BCTMP pulp.
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