Page 2 - Jk Paper

JK Paper to acquire Horizon Packs, Securipax Packaging for Rs 578 cr

Paper and packaging board company JK Paper on Monday said it will acquire Horizon Packs Private Ltd and Securipax Packaging Private Ltd in phases for about Rs 578 crore. HPPL and SPPL are India's leading corrugated packaging manufacturers with seven plants across the country, the company said in a regulatory filing. "JK Paper has entered into a share purchase and shareholders' agreements for the acquisition of 85 per cent shares of Horizon Packs Private Ltd (HPPL) and Securipax Packaging Private Ltd (SPPL), and the balance 15 per cent within 3 years as per the respective SPSHAs," the filing said. JK paper will acquire 26.92 crore equity shares in HPPL for Rs 19.33 per share and 4.63 lakh equity shares for Rs 1,256.95 apiece in SPPL -- representing an 85 per cent stake in each company. Incorporated in 2021, Horizon Packs is headquartered in Mumbai and has six plants across India. Delhi-based SPPL, incorporated in 1980, has its manufacturing facility at Roorkee. "It is a privilege t

Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%

CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.

JK Paper Q2 net more than doubles to Rs 327 crore, revenue rises 72%

JK Paper on Wednesday reported more than two-fold increase in consolidated net profit at Rs 326.93 crore in the second quarter of FY23, helped by higher sales volume and enhanced sales realisation. The company had logged a net profit of Rs 118.38 crore in the July-September period a year ago, JK Paper said in a regulatory filing. Its revenue from operations went up 72.34 per cent to Rs 1,722.63 crore. It stood at Rs 999.51 crore in the corresponding quarter last year. JK Paper's total expenses were at Rs 1,207.40 crore, up 49.6 per cent in the September quarter. Vice Chairman & Managing Director H P Singhania said: "The company was able to deliver an improved performance on a quarter-to-quarter and YoY basis due to growth in volume driven by the ramp-up of new packaging board capacity coupled with overall better realisation despite the adverse impact of higher input costs." The finance cost was also lower on account of effective working capital management and reduction in interest

JK Paper surges 10% on robust Q1; West Coast, Andhra Paper rally up to 16%

The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the preceding ten sessions.

JK Paper Q1 consolidated net profit rises two-fold to Rs 264 crore

JK Paper on Friday reported a two-fold increase in consolidated net profit at Rs 264.23 crore for the quarter ended June, helped by higher sales volume and enhanced sales realisation. The company had logged a net profit of Rs 104.22 crore in the April-June period a year ago, JK Paper said in a regulatory filing. Its revenue from operations was up two-fold at Rs 1,508.05 crore as against the low base of the pandemic-impacted corresponding quarter. It stood at Rs 720.08 crore last year. JK Paper's total expenses were at Rs 1,101.39 crore as compared to Rs 546.65 crore. Vice Chairman & Managing Director H P Singhania said: "The company was able to deliver strong performance on a quarter to quarter and YoY basis on the strength of higher production and sales volume and enhanced sales realisation coupled with an enriched product mix. This is in spite of the adverse impact of a substantial increase in major input costs in the recent period, he said. "Demand for paper and board continue

New import policy to buoy paper stocks in medium-to-long term: Analysts

Analysts believe that the government's nascent step towards anti-dumping policy will act as a big booster for the domestic paper players.

JK Paper Q4 profit rises 25% to Rs 170 cr; logging numbers like in Q3

JK Paper Ltd on Friday reported a 25 per cent increase in consolidated net profit at Rs 170.17 crore for the fourth quarter ended March riding on higher sales volumes. The company had posted a consolidated net profit of Rs 136.07 crore in the corresponding period of previous fiscal, JK Paper Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,430.87 crore as against Rs 979.82 crore in the same quarter a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 543.82 crore as against Rs 236.72 crore in the previous fiscal, JK Paper said. Consolidated revenue from operations in FY22 stood at Rs 4,244.33 crore as against Rs 3,000.49 crore in FY21, it added. The company said its board has recommended an enhanced dividend of Rs 5.50 per share at 55 per cent, amounting to a total of Rs. 93.17 crore for the year ended March 31, 2022. JK Paper Vice Chairman and Managing Director Harsh Pati Sing

Street signs: EM earnings lag developed mkts, paper stocks may shine & more

According to Bloomberg analysis, of the 93 companies that have reported quarterly results until Friday, only one in every four in the MSCI EM index beat dollar-based forecasts

Paper stocks in demand; JK Paper, Seshasayee Paper surge up to 14%

Paper stocks rallied on expectation of strong earnings supported by robust growth in the packaging board segment and continued demand in the writing and printing paper segment.

Shares of West Coast Paper rise over 3% on firm outlook, JK Paper up 34%

Despite the absence of boards in its offerings, West Coast Paper has large capacities and is a formidable player with a positive outlook going forward, an official at LKP Securities said

Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14%

Paper stocks rallied on expectation that reopening of offices, educational institutions and courts will lead to regularization of demand

JK Paper shares rise nearly 4% after over two-fold increase in Q3 net

Shares of JK Paper on Wednesday jumped nearly 4 per cent after the company reported over two-fold increase in consolidated net profit for the third quarter ended December 2021. The stock gained 3.61 per cent to settle at Rs 243.65 on BSE. During the day, it rallied 5.46 per cent to Rs 248. On NSE, it jumped 3.17 per cent to close at Rs 242.45. In volume terms, 2.14 lakh shares were traded on BSE and over 25 lakh on NSE. JK Paper on Tuesday reported over two-fold increase in consolidated net profit to Rs 151.05 crore for the third quarter ended December 2021, helped by growth in volume. The company had logged a net profit of Rs 64.59 crore in the October-December period a year ago, JK Paper said in a regulatory filing. The total income increased to Rs 1,056.41 crore during the period under review, against Rs 770.45 crore in the year-ago period, the company said.

JK Paper consolidated net profit soars to Rs 151 crore in Dec quarter

JK Paper on Tuesday reported over two- fold increase in consolidated net profit at Rs 151.05 crore for the third quarter ended December 2021 helped by growth in volume.

JK Paper Q2 net profit jumps over three-fold to Rs 118 crore

JK Paper Ltd on Wednesday reported an over three-fold jump in consolidated net profit at Rs 118.38 crore for the second quarter ended September 2021 on back of higher volumes and better realisation

Margin pressure may hit paper cos in near-term despite price hike: Analysts

The rally in paper stocks began early September when states eased Covid-19 related restrictions and announced re-opening of schools and offices

JK Paper Q1 profit jumps manifold to Rs 104 cr on back of higher sales

JK Paper on Friday reported a multi-fold jump in consolidated net profit at Rs 104.22 crore for the first quarter ended June 30 on the back of higher sales and better realisation.

JK Paper reports decline of 51% in net profit at Rs 64.59 crore for Q3

JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December.

Covid-19 impact: Sirpur Paper Mills temporarily shuts unit in Telangana

"Sirpur Paper Mills has temporarily shut down its operations at Sirpur-Kaghaznagar in Telangana in view of the current market condition consequent to Covid-19 situation," the company said

Covid-19: IFC to infuse $35 mn in JK Paper to fund its working capital need

The proposed IFC infusion would fund the incremental working capital requirements due to the impact of Covid-19

Delta Corp, Emami: Share buyback via open market route at seven-year high

Thus far in CY20, 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route