JK Paper Ltd announced on Thursday, February 5, that its board has approved an investment of ₹500 crore to establish a hybrid renewable power project. According to reports from CNBC TV18, this strategic initiative is designed to reduce power costs and increase the company's sustainable green power output. The project is expected to deliver significant power cost efficiencies while supporting the company's goal of reducing dependence on fossil fuels.
For the quarter ended December 2025, JK Paper reported consolidated turnover of ₹1,877.62 crore, EBITDA of ₹195.87 crore, and profit after tax (PAT) of ₹27.40 crore. As reported by CNBC TV18, for the nine months ended December 2025, consolidated turnover stood at ₹5,532.84 crore, while EBITDA and PAT came in at ₹711.73 crore and ₹183.37 crore, respectively. The company's board meeting was convened on Thursday, February 5, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025.
Chairman Harsh Pati Singhania attributed the quarter's performance challenges to planned annual shutdowns at two major plants in Odisha and Gujarat, which led to lower production. According to CNBC TV18, continued low-priced imports resulted in weaker sales realisation, while sharp rupee depreciation against the euro increased finance costs. Singhania noted that some improvement is expected in the coming quarter due to better demand and a reduction in input costs.
The company's composite scheme of arrangement was approved on February 3, 2026, by the National Company Law Tribunal, Ahmedabad, as reported by CNBC TV18. This restructuring will consolidate the paper and packaging businesses and streamline the corporate structure, leading to operational efficiencies and ease of compliance. The board also assessed the financial impact of the new labour code issued by the Government of India, effective November 21, 2025, and disclosed the incremental impact under exceptional items.
During the quarter, JK Paper continued its social farm forestry initiatives across plant locations to strengthen raw material availability and improve green cover. According to CNBC TV18, the company planted 9.50 crore saplings across 70,021 acres in Odisha, Gujarat, Andhra Pradesh, Telangana and Maharashtra. On the NSE, JK Paper shares closed down 3.13% at ₹326 on February 5.
