JK Paper (532162) Q3 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and nine months ended 31st December 2024 were approved, with both standalone and consolidated statements reviewed by auditors and the board.

Financial highlights

• Standalone Q3 FY25 net revenue: ₹1,411.52 crore, down from ₹1,455.01 crore in Q2 FY25 and ₹1,545.25 crore in Q3 FY24.

• Standalone net profit for Q3 FY25: ₹61.15 crore, down from ₹120.95 crore in Q2 FY25 and ₹204.30 crore in Q3 FY24.

• Consolidated Q3 FY25 net revenue: ₹1,631.99 crore, down from ₹1,682.93 crore in Q2 FY25 and ₹1,706.22 crore in Q3 FY24.

• Consolidated net profit for Q3 FY25: ₹65.29 crore, down from ₹128.85 crore in Q2 FY25 and ₹236.36 crore in Q3 FY24.

• Decline in profits attributed to sharp rise in low-priced imports and high wood costs impacting sales volumes and realizations.

Outlook and guidance

• Board approved acquisition of 60% equity in Radhesham Wellpack Private Limited, with remaining 40% to be acquired within two years, subject to conditions.

• Board approved majority stake acquisition (65%) in Quadragen Vethealth Private Limited, with balance 35% to be acquired within four years.

• Composite Scheme of Arrangement involving subsidiaries and a resulting company approved, pending regulatory approvals.