What drove the 63% PAT growth?

Higher volumes and an improved product mix boosted revenue and margins, pushing PAT to ₹136.27 crore from ₹83.60 crore a year ago.

What is the BCTMP plant and why does it matter?

The hardwood BCTMP plant at Unit CPM in Gujarat started production on 30 June 2026. It reduces the company's reliance on imported pulp, potentially lowering raw material costs.

How much stake does JK Paper now hold in Borkar Packaging?

JK Paper acquired an additional 15.40% stake during the quarter, but the filing does not disclose the total holding post-acquisition.

Is this recovery broad-based across segments?

Management noted that packaging conversion businesses performed well on both top and bottom lines, alongside strong showings in the core paper business.

Earnings · Paper Products · Mid cap

JK Paper's Q1 profit jumps 63% on volumes, product mix

Revenue climbs 13% to ₹1,998.67 crore, EBITDA up 18%; BCTMP plant commissioned, additional stake in Borkar Packaging.

— 3 earlier stories on JK Paper Ltd. →

JKPAPER By Tipsheet Editorial 27 Jul 2026 · 6:28 PM IST Verify on BSE · NSE

Mkt cap₹6,199 cr

P/E23.32×

ROE7.58%

Debt / eq.0.33

Div yld1.17%

₹136.27 cr Profit after tax, up 63% YoY

What's new

Revenue up 13% to ₹1,998.67 cr in Q1 FY27.
EBITDA rises 18% to ₹320.90 cr, margin improves.
BCTMP plant commissioned; additional 15.40% stake in Borkar Packaging.

Why this matters

After a weak FY26, this quarter signals a sharp recovery. Higher volumes and a better product mix drove profits, while the BCTMP plant reduces import dependence. The packaging business also contributed, adding a growth avenue.

What we're watching

Sustainability of profit growth amid input cost trends.
Impact of BCTMP plant on cost structure over next quarters.
Further consolidation in packaging via Borkar.

The full read

JK Paper kicked off FY27 with a bang. Revenue hit ₹1,998.67 crore, up 13% , but the bottom line stole the show — profit after tax surged 63% to ₹136.27 crore. The driver: higher volumes and a richer product mix, not price increases. EBITDA rose 18% to ₹320.90 crore. Two strategic moves accompanied the numbers. The hardwood BCTMP plant in Gujarat began commercial production on 30 June 2026, a step that cuts import reliance. Separately, JK Paper increased its stake in Borkar Packaging by 15.40% , signaling deeper commitment to the packaging segment, which management says is performing well. This quarter is a clear turnaround from a weak FY26.

Questions answered

What drove the 63% PAT growth?: Higher volumes and an improved product mix boosted revenue and margins, pushing PAT to ₹136.27 crore from ₹83.60 crore a year ago.
What is the BCTMP plant and why does it matter?: The hardwood BCTMP plant at Unit CPM in Gujarat started production on 30 June 2026. It reduces the company's reliance on imported pulp, potentially lowering raw material costs.
How much stake does JK Paper now hold in Borkar Packaging?: JK Paper acquired an additional 15.40% stake during the quarter, but the filing does not disclose the total holding post-acquisition.
Is this recovery broad-based across segments?: Management noted that packaging conversion businesses performed well on both top and bottom lines, alongside strong showings in the core paper business.

Mentioned: JK Paper · BCTMP plant · Borkar Packaging

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

JK Paper Ltd.

Paper & Board

₹7,500 cr

P/E 23.13×

Latest quarter · Jun 2026

Sales₹1,887 cr

Net profit₹136 cr

Op. margin+15.3%

EPS₹7.18

Strength & growth

Debt / equity0.33×

Current ratio1.87×

Sales CAGR+11.2%

EPS CAGR+12.4%

Story so far

All notes on JKPAPER →

27 Jul 2026 · 6:28 PM IST JK Paper's Q1 profit jumps 63% on volumes, product mix
1d ago JK Paper Q1 profit jumps 42% on volumes, product mix
1d ago JK Paper Q1 profit jumps 49-63%; BCTMP plant on stream
28d ago JK Paper's BCTMP plant starts commercial production, cuts import reliance