JK Paper Q2 FY27 Results: Consolidated Net Profit ₹103 Crore on Total Income of ₹1,957 Crore
- Earnings
- paper and packaging
Reviewed byKeshav SehgalBlacklitt Research
JK Paper (NSE: JKPAPER) reported consolidated total income of ₹1,957.26 crore and net profit of ₹103.04 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹1,753.06 crore and net profit of ₹84.23 crore, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,957.26 crore, up 11.9% YoY and 2.0% QoQ
- Net profit: ₹103.04 crore, up 34.7% YoY and down 24.4% QoQ
- EPS: ₹5.59 basic for the quarter; ₹12.77 for the half year
- Finance costs: ₹53.70 crore, up 4.8% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,753.06 crore, up 4.2% YoY and 1.7% QoQ
- Net profit: ₹84.23 crore, up 24.7% YoY and down 25.5% QoQ
- EPS: ₹4.65 basic for the quarter; ₹10.88 for the half year
- Finance costs: ₹80.50 crore, up 6.5% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,957.26 | 1,749.76 | +11.9% | 1,918.31 | +2.0% | |
| Revenue from operations | 1,939.04 | 1,732.09 | +11.9% | 1,887.17 | +2.7% |
| Other income | 18.22 | 17.67 | +3.1% | 31.14 | -41.5% |
| 103.04 | 76.47 | +34.7% | 136.27 | -24.4% | |
| Profit before tax | 143.72 | 96.90 | +48.3% | 182.28 | -21.2% |
| Finance costs | 53.70 | 51.25 | +4.8% | 39.81 | +34.9% |
| Depreciation | 103.44 | 91.19 | +13.4% | 98.81 | +4.7% |
| Tax expense | 43.62 | 21.58 | +102.1% | 46.62 | -6.4% |
| Net profit margin | 5.26% | 4.37% | +0.89 pp | 7.10% | -1.84 pp |
| EPS, basic (₹) | 5.59 | 4.07 | +37.3% | 7.18 | -22.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 34.7% YoY while total income rose 11.9%, so profit grew faster than income. Profit before tax rose 48.3%, and tax expense rose 102.1% to ₹43.62 crore, so the tax charge took a larger share of the higher pre-tax profit than a year ago.
Other income of ₹18.22 crore is 0.9% of total income this quarter, and finance costs of ₹53.70 crore are 2.7% of total income. Against the June quarter, other income fell 41.5% from ₹31.14 crore, while net profit fell 24.4%.
The company says better product mix contributed to improved performance. The company reports no exceptional item for the current quarter, and reports one reportable segment, Paper and Packaging Products.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,753.06 | 1,681.85 | +4.2% | 1,723.18 | +1.7% | |
| Revenue from operations | 1,737.10 | 1,664.05 | +4.4% | 1,699.79 | +2.2% |
| Other income | 15.96 | 17.80 | -10.3% | 23.39 | -31.8% |
| 84.23 | 67.52 | +24.7% | 113.00 | -25.5% | |
| Profit before tax | 116.09 | 86.11 | +34.8% | 152.00 | -23.6% |
| Finance costs | 80.50 | 75.56 | +6.5% | 75.99 | +5.9% |
| Depreciation | 109.14 | 98.35 | +11.0% | 103.08 | +5.9% |
| Tax expense | 31.86 | 18.59 | +71.4% | 39.00 | -18.3% |
| Net profit margin | 4.80% | 4.01% | +0.79 pp | 6.56% | -1.75 pp |
| EPS, basic (₹) | 4.65 | 3.72 | +25.0% | 6.23 | -25.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 24.7% YoY on total income up 4.2%, with revenue from operations up 4.4% and other income down 10.3% to ₹15.96 crore.
Standalone finance costs of ₹80.50 crore are 4.6% of total income, against 4.5% a year earlier. Tax expense of ₹31.86 crore is 27.4% of profit before tax of ₹116.09 crore.
The comparative results for the quarter a year earlier have been restated following the effectiveness of a Composite Scheme of Arrangement, so year-earlier figures are on the restated basis.
Inference
The filing says the company acquired the remaining 20% stake in Radheshyam Wellpack Private Limited during the quarter, after which it became a wholly owned subsidiary.
The filing does not state the reason for the gap between quarter and half-year EPS beyond the product mix comment, nor whether a dividend has been declared for the period.
Filed with BSE on . Reference: Original filing (PDF)
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