JK Paper Limited , a prominent player in the Indian paper industry, has reported its unaudited financial results for the quarter ended September 30, revealing a significant decline in net profit despite a slight decrease in revenue.

Financial Highlights

JK Paper's net profit for the quarter stood at ₹72.85 crore, marking a substantial decrease of 26.74% from ₹99.44 crore reported in the same period last year. The company's total income also saw a decline, decreasing by 6.19% year-over-year to ₹1378.36 crore from ₹1469.39 crore.

Factors Affecting Performance

The company cited several factors contributing to the decline in its financial performance:

1. Higher wood costs
2. Lower sales realization
3. Continuing cheap imports

These factors have put pressure on the company's profitability despite its efforts to maintain operational efficiency.

Corporate Actions

During the reported period, JK Paper made significant moves to strengthen its market position:

Acquisition of Additional Stake in Subsidiary

• JK Paper acquired an additional 20% stake in Radhesham Wellpack Private Limited.
• This acquisition brings JK Paper's total holding in the subsidiary to 80%.

New Subsidiary Acquisition

• The company completed the initial acquisition of 65.7% equity shares in Borkar Packaging Private Limited.
• This acquisition makes Borkar Packaging Private Limited a subsidiary of JK Paper.

These strategic moves are likely aimed at expanding JK Paper's market presence and diversifying its product portfolio.

Board Approval

The Board of Directors of JK Paper Limited approved these financial results at a meeting held on November 3.

As the paper industry continues to face challenges from cheap imports and fluctuating raw material costs, JK Paper's ability to navigate these headwinds while leveraging its recent acquisitions will be crucial for its future performance and market position.

JK Paper Limited (NSE: JKPAPER, BSE: 532162) has announced an update to its acquisition timeline for Borkar Packaging Private Limited (BPPL). This development comes as part of the company's ongoing strategic expansion efforts in the packaging sector.

Revised Acquisition Timeline

The company has revised its expectations for the initial phase of the acquisition:

Key Points of the Update

• The acquisition involves purchasing equity shares from existing BPPL shareholders.
• The completion of the deal remains subject to the fulfillment of conditions outlined in the Share Purchase Subscription and Shareholders Agreement (SPSSHA).
• This update follows an earlier intimation dated July 28, 2025, indicating a change in the company's acquisition strategy.

Regulatory Compliance

JK Paper Limited has made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's commitment to transparency is evident through its prompt communication of material updates to stakeholders.

Implications

The revised timeline suggests an acceleration of the acquisition process. However, it's important to note that the deal's completion still hinges on meeting the SPSSHA conditions. This update reflects JK Paper's active management of its expansion plans and its ability to adapt to changing circumstances in the acquisition process.

Investors and market watchers may keep a close eye on further developments, as this acquisition could potentially impact JK Paper's market position in the packaging industry.

As the situation evolves, JK Paper Limited is expected to provide additional updates to ensure full transparency with its shareholders and the market at large.