Integrated Filing — IndAS

General information about company
Scrip Code	532162
NSE Symbol	JKPAPER
MSEI Symbol	NOTLISTED
ISIN	INE789E01012
Name of company	JK PAPER LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	19-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	12-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	19-May-2025   13:30:00
End date and time of board meeting	19-May-2025   16:25:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	16895000000	67180700000
	Other income	249600000	1081700000
	Total income	17144600000	68262400000
2	Expenses
(a)	Cost of materials consumed	10698500000	41393300000
(b)	Purchases of stock-in-trade	329100000	389800000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-407500000	-995200000
(d)	Employee benefit expense	1495800000	6250500000
(e)	Finance costs	501300000	1777300000
(f)	Depreciation, depletion and amortisation expense	864600000	3316900000
(f)	Other Expenses
1	Power, Fuel and Water	1264900000	5161900000
2	Others	1347500000	5699300000
	Total other expenses	2612400000	10861200000
	Total expenses	16094200000	62993800000
3	Total profit before exceptional items and tax	1050400000	5268600000
4	Exceptional items	0	0
5	Total profit before tax	1050400000	5268600000
6	Tax expense
7	Current tax	522800000	1561900000
8	Deferred tax	-242900000	-413100000
9	Total tax expenses	279900000	1148800000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	770500000	4119800000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	1300000	1300000
16	Total profit (loss) for period	771800000	4121100000
17	Other comprehensive income net of taxes	-106100000	-43400000
18	Total Comprehensive Income for the period	665700000	4077700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	762000000	4098200000
	Total profit or loss, attributable to non-controlling interests	9800000	9800000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	661300000	4058400000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	4400000	19300000
21	Details of equity share capital
	Paid-up equity share capital	1694000000	1694000000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		52379000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	4.51	24.19
	Diluted earnings (loss) per share from continuing operations	4.45	22.91
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	4.51	24.19
	Diluted earnings (loss) per share from continuing and discontinued operations	4.45	22.91
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		NOTES: CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31st MARCH,2025 n n1.tLower sales realisation due to continued high imports and increase in wood cost have impacted the performance. n n2.tThe Board of Directors of the Company at its meeting held on 13th December 2024, have approved a Composite Scheme of Arrangement under Sections 230 to 232 (read with Section 66 and other applicable provisions) of the Companies Act, 2013 between the Company (Transferee Company), its subsidiaries namely JKPL Utility Packaging Solutions Private Limited (Formerly Manipal Utility Packaging Solutions Private Limited), Securipax Packaging Private Limited, Horizon Packs Private Limited, Enviro Tech Ventures Limited (Transferor/Demerged Companies) and Resulting Company namely PSV Agro Products Private Limited and their respective shareholders (the ‘Scheme’).The aforementioned Scheme having appointed dates of 1st April 2024 and 1st April 2025, as further detailed in the Scheme, is subject to required regulatory and other necessary approvals. Pending necessary approvals, the effect of the Scheme has not been given in these Financial Results. n n3.ti) As per the terms of agreement on the acquisition of Radhesham Wellpack Private Limited (RWPL), the Company has acquired 60% of Equity Shares on 3rd February 2025. Consequently,RWPL has become a Subsidiary of JK Paper Ltd w.e.f.3rd February 2025. n nii) As per the terms of agreement on the acquisition Quadragen Vethealth Private Limited (QVPL), the Company has acquired 62.14% of Equity Shares on 25th March 2025. Consequently, QVPL has become a Subsidiary of JK Paper Ltd w.e.f.25th March 2025. n nAccordingly, the impact of Business Combination has been given as per Ind AS 103 in the Consolidated financials and hence results of current period are not comparable with previous periods. n n4.tThe Board of Directors of JK Paper Ltd has recommended a Dividend of Rs. 5/- per share (50%), amounting to Rs.84.70 Crore on the Equity Share Capital for the financial year ended 31st March 2025. n n5.tJK Paper Ltd had opted for the new tax regime as per Section 115BAA of the Income Tax Act, 1961 (the Act) during the previous financial year which had resulted in Deferred Tax credit of Rs.43.55 crore during the corresponding quarter and Rs.174.20 crore upto March 2024, last year, hence the tax provision and Profit after Tax ( PAT) are not comparable. n n6.tIn case of a Subsidiary, method of charging Depreciation on Property, Plant and Equipment had been changed from WDV to SLM during the previous financial year 2023-24,which had resulted in lower charge by Rs.13.15 Cr and impact was taken in the quarter ended 31st March 2024.Hence, Depreciation for the current full year is not comparable. n n7.tFigures for the previous periods have been regrouped / rearranged, wherever necessary. Figures of the last quarter ended 31st March,2025 and 31st March, 2024 are the balancing figures between audited figures for the full financial year and the published year-to-date figures for nine months ended of the relevant financial year. The Company does not have any Exceptional Item to report for the current quarter. n n8.tThere is only one reportable business segment namely ‘Paper and Packaging Products’. n n9.tThese Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 19th May 2025. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	54393700000
	Capital work-in-progress	920100000
	Investment property	520700000
	Goodwill	3633600000
	Other intangible assets	4019900000
	Intangible assets under development	71100000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	1865000000
	Trade receivables, non-current	0
	Loans, non-current	240000000
	Other non-current financial assets	524100000
	Total non-current financial assets	2629100000
	Deferred tax assets (net)	60700000
	Other non-current assets	608400000
	Total non-current assets	66857300000
2	Current assets
	Inventories	12491500000
	Current financial asset
	Current investments	4230200000
	Trade receivables, current	4321700000
	Cash and cash equivalents	281400000
	Bank balance other than cash and cash equivalents	132100000
	Loans, current	136500000
	Other current financial assets	2744300000
	Total current financial assets	11846200000
	Current tax assets (net)	12200000
	Other current assets	4267700000
	Total current assets	28617600000
3	Non-current assets classified as held for sale	1200000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	95476100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1694000000
	Other equity	52379000000
	Total equity attributable to owners of parent	54073000000
	Non controlling interest	2480900000
	Total equity	56553900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	13879200000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	1533500000
	Total non-current financial liabilities	15412700000
	Provisions, non-current	166900000
	Deferred tax liabilities (net)	7630300000
	Deferred government grants, Non-current	0
	Other non-current liabilities	378300000
	Total non-current liabilities	23588200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	4972200000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	244100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	7293100000
	Total Trade payable	7537200000
	Other current financial liabilities	1427400000
	Total current financial liabilities	13936800000
	Other current liabilities	1006200000
	Provisions, current	118800000
	Current tax liabilities (Net)	272200000
	Deferred government grants, Current	0
	Total current liabilities	15334000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	38922200000
	Total equity and liabilites	95476100000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Paper and Packaging	16706100000	66672300000
2	Others	237400000	766300000
	Total Segment Revenue	16943500000	67438600000
	Less: Inter segment revenue	48500000	48500000
	Revenue from operations	16895000000	67180700000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Paper and Packaging	1225300000	5921400000
2	Others	76800000	42800000
	Total Profit before tax	1302100000	5964200000
	i. Finance cost	501300000	501300000
	ii. Other Unallocable Expenditure net off Unallocable income	-249600000	-249600000
	Profit before tax	1050400000	5268600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Paper and Packaging	86941700000	86941700000
2	Others	8534400000	8534400000
	Total Segment Asset	95476100000	95476100000
	Un-allocable Assets	0	0
	Net Segment Asset	95476100000	95476100000
4	Segment Liabilities
	Segment Liabilities
1	Paper and Packaging	36431100000	36431100000
2	Others	2491100000	2491100000
	Total Segment Liabilities	38922200000	38922200000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	38922200000	38922200000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	RE-MEASUREMENT GAIN / (LOSS) ON DEFINED BENEFIT PLANS	-2400000	-33500000
2	EQUITY INSTRUMENTS THROUGH OTHER COMPREHENSIVE INCOME	-119500000	-25600000
	Total Amount of items that will not be reclassified to profit and loss	-121900000	-59100000
2	Income tax relating to items that will not be reclassified to profit or loss	-16000000	-12200000
3	Amount of items that will be reclassified to profit and loss
1	EXCHANGE DIFFERENCES ON TRANSLATING THE FINANCIAL STATEMENTS OF A FOREIGN OPERATIONS	-200000	3500000
	Total Amount of items that will be reclassified to profit and loss	-200000	3500000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-106100000	-43400000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			5268600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1777300000
	Adjustments for decrease (increase) in inventories			-2811500000
	Adjustments for decrease (increase) in trade receivables, current			405600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1150700000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3316900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-794500000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			8300000
	Adjustments for dividend income			5000000
	Adjustments for interest income			360800000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-504300000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-71800000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2110900000
	Net cash flows from (used in) operations			7379500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1247200000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			6132300000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			4698100000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			42100000
	Purchase of property, plant and equipment			2529200000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			70000000
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			5000000
	Interest received			327100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			6902000000
	Net cash flows from (used in) investing activities	-21100000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			151800000
	Repayments of borrowings			3886300000
	Payments of lease liabilities			252400000
	Dividends paid			846600000
	Interest paid			1727700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			90600000
	Net cash flows from (used in) financing activities			-6470600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-359400000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-359400000
	Cash and cash equivalents cash flow statement at beginning of period			640800000
	Cash and cash equivalents cash flow statement at end of period			281400000