JK Paper Limited — Updates, 29-01-2025: Press Release

JK Paper Ltd. reported a turnover of ₹1,732.97 Cr and a profit after tax (PAT) of ₹65.39 Cr for the quarter ended December 2024, with a decline in net profit attributed to a rise in low-cost imports affecting sales volumes. For the nine-month period, the consolidated turnover reached ₹5,314.92 Cr, with PAT at ₹333.62 Cr.

The Board approved the acquisition of a 65% stake in Quadragen Vethealth Private Limited (QVPL) through a Share Purchase and Shareholders’ Agreement, with plans to acquire the remaining 35% over four years. QVPL is positioned in the animal nutrition sector, marking a strategic growth opportunity for JK Paper.

The company continues to invest in its CSR initiatives, benefiting nearly 9.80 lakh individuals across 848 villages, focusing on areas such as education and sustainable agriculture. It received various awards for excellence in manufacturing and innovation during the quarter, reflecting its commitment to quality and sustainability. Investors should view the acquisition as a potential growth catalyst amidst current market challenges.