India's JK Paper slides as Q4 profit plunges

JK Paper

20/05/2025 05:10

** Shares of JK Paper JKPA.NS down 2.2% to 345.8 rupees

** The paper and packaging board maker's fourth-quarter consol net profit plunges 72.4% to 762 mln rupees ($8.9 mln), net rev down 1.7%

** Profits have been significantly impacted due to surge in imports at low prices and high wood cost - MD Harsh Pati Singhania

** Stock set to snap nine straight sessions of gains

** JKPA extends YTD losses to 17.2%

($1 = 85.4200 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))