JK Paper (532162) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2024 were approved by the Board on 24th July 2024.

• Performance was adversely impacted by a significant drop in market prices and a surge in wood costs during the quarter.

• Acquisition of the remaining 15% equity in Horizon Packs Pvt. Ltd. and Securipax Packaging Pvt. Ltd. made them wholly owned subsidiaries as of 17th May 2024.

• The company operates primarily in the 'Paper and Packaging Products' segment.

Financial highlights

• Standalone revenue from operations (net) for Q1 FY25 was ₹1,479.40 crore, up from ₹1,394.96 crore in Q1 FY24, but down from ₹1,500.25 crore in Q4 FY24.

• Standalone net profit for Q1 FY25 was ₹109.06 crore, compared to ₹229.77 crore in Q4 FY24 and ₹230.87 crore in Q1 FY24.

• Consolidated revenue from operations (net) for Q1 FY25 was ₹1,713.65 crore, up from ₹1,584.36 crore in Q1 FY24, but slightly down from ₹1,718.61 crore in Q4 FY24.

• Consolidated net profit attributable to shareholders for Q1 FY25 was ₹139.72 crore, compared to ₹275.64 crore in Q4 FY24 and ₹308.67 crore in Q1 FY24.

Outlook and guidance

• Results for the current period are not comparable with previous periods due to recent acquisitions and changes in depreciation methods.

• No exceptional items were reported for the current quarter.