JK Paper Q4 FY26 profit jumps 36%, sales up 17% YoY

Key takeaway from JK Paper’s latest numbers

JK Paper Ltd (NSE: JKPAPER, BSE: 532162) reported a sharp year-on-year rise in quarterly profit for the period ended March 2026, alongside double-digit sales growth. Net profit for the quarter rose 35.76% to Rs 91.98 crore versus Rs 67.75 crore in the quarter ended March 2025. Sales for the same quarter increased 17.23% to Rs 1,965.95 crore from Rs 1,677.05 crore a year earlier.

But the full-year picture was weaker on profitability, even as revenue moved higher. For the year ended March 2026, net profit declined 34.97% to Rs 265.84 crore compared with Rs 408.79 crore in the year ended March 2025. Annual sales rose 6.21% to Rs 7,076.03 crore from Rs 6,662.49 crore.

March 2026 quarter: profit and sales both move up

The March 2026 quarter stood out because both the top line and bottom line grew year-on-year. The reported net profit of Rs 91.98 crore marked a meaningful improvement over the prior-year quarter. Revenue expansion also remained healthy, with sales at Rs 1,965.95 crore.

The data suggests a stronger quarter compared with the same period last year, at least on headline profit and sales. At the same time, the broader dataset around the company indicates that profitability can vary significantly by quarter and by cost cycles. Investors typically track these swings closely for paper manufacturers, given sensitivity to raw material and input costs.

FY26 results: revenue growth, but profit declines

On an annual basis, JK Paper’s profit fell even as sales rose. Net profit for FY26 came in at Rs 265.84 crore, down from Rs 408.79 crore in FY25. Revenue increased to Rs 7,076.03 crore versus Rs 6,662.49 crore.

This divergence between revenue and net profit is an important signal for market participants because it often reflects changes in cost structure, realisations, or other operating variables. The article data does not provide a detailed cost break-up for FY26, but it does show that sales growth alone did not translate into higher annual profit.

Standalone and interim updates cited alongside results

Separately, an update cited JK Paper standalone March 2026 net sales at Rs 1,807.00 crore, up 25.58% year-on-year (dated May 18, 2026 at 10:55 PM). The standalone net sales figure is different from the sales figure reported for the March 2026 quarter above, indicating multiple disclosures or classifications being referenced.

The dataset also includes a quarterly update labelled “Q2FY26 results”, which reported turnover of Rs 1,870.34 crore, EBITDA of Rs 243.66 crore, and profit after tax (PAT) of Rs 74.75 crore for Q2FY26. These interim datapoints provide additional reference levels for the year’s operating scale.

Stock snapshots and market-cap figures mentioned

The information pack includes multiple price snapshots for JK Paper shares across different timestamps and sources. One screen shows Rs 394.75 with a move of +23.15 (6.23%) on BSE at 09:10 AM. Another section lists the “current share price” as Rs 371.35.

A market capitalisation figure of Rs 6,733.272561085 crore is also cited, calculated based on the latest share price in that context. Because these numbers appear as point-in-time readings, they are best treated as snapshots rather than a single consolidated quote.

What earlier market reactions highlight about cost sensitivity

The dataset also references an earlier episode in which JK Paper shares surged nearly 9% on Friday, May 17, hitting an intraday high of Rs 381.05 on the NSE, even as it reported a slight dip in net profit for Q4 FY24. In that period, consolidated PAT was reported at Rs 275.64 crore for Q4 FY24 compared with Rs 280 crore in the year-ago quarter.

The same note attributed performance pressure in that quarter to higher raw material cost and lower sales realisation. While this is from a different period, it underscores a recurring theme for the sector: margins can compress quickly when costs rise or pricing weakens.

Balance sheet and profitability context from FY25 disclosures

Additional context included a summary of operating and balance sheet trends for FY25. Operating income during the year rose 0.9% year-on-year, while operating profit decreased 42.6% year-on-year. Operating profit margin was reported at 13.8% in FY25 versus 24.3% in FY24.

On the balance sheet, current liabilities in FY25 were reported at Rs 1,500 crore compared with Rs 1,500 crore in FY24, with the note describing a 3.9% increase. Long-term debt was reported at Rs 1,300 crore versus Rs 1,600 crore in FY24, a fall of 21.8%. Current assets were reported at Rs 2,900 crore, fixed assets at Rs 6,700 crore, and total assets and liabilities at Rs 9,500 crore in FY25 versus Rs 9,300 crore in FY24.

Key numbers table

Valuation datapoints cited in the data pack

The information also cites a trailing twelve-month EPS of Rs 24.3, described as a decline from EPS of Rs 66.9 recorded last year. These figures, together with multiple share-price snapshots, indicate that investors have been tracking shifts in earnings levels over time.

Separately, another set of quarterly numbers (labelled Q4 2024-2025) stated revenue of Rs 1,714.46 crore and net profit of Rs 76.20 crore, alongside a net profit margin of 4.44%. It also reported year-on-year declines in revenue and profit for that period, and sequential improvements quarter-on-quarter.

Why this update matters for investors tracking paper stocks

For investors, the key point from the March 2026 quarter is the year-on-year improvement in both profit and sales. At the same time, FY26 net profit fell sharply despite higher annual sales, showing that profitability remains the more volatile variable.

In the backdrop of earlier disclosures that discussed raw material costs and realisation pressures, the market focus typically stays on margin stability, not just revenue growth. The next set of quarterly releases and any management commentary on costs and pricing will likely shape how the FY26 trend is interpreted going forward.