JK Paper shares surged more than 5% in early trade on Tuesday after the company reported a strong set of quarterly numbers for the March quarter, supported by healthy growth in revenue and profitability. The company also announced a dividend of ₹4 per share, boosting investor sentiment.
As of 9:49 AM, JK Paper shares were trading near the day’s high after opening at ₹394.80. The stock touched an intraday high of ₹396.00, while the day’s low stood at ₹383.70. The previous closing price was ₹371.35. The counter witnessed strong trading activity with live volume crossing 10 lakh shares.
For Q4, the company reported revenue of ₹1,966 crore, registering a 17.2% year-on-year increase compared to ₹1,677 crore in the corresponding quarter last year. EBITDA rose 27.1% to ₹276.5 crore against ₹217.5 crore in the year-ago period.
The company’s EBITDA margin improved to 14.1% from 13.0% last year, reflecting better operational efficiency and improved profitability. Net profit jumped 35.8% to ₹92 crore compared to ₹67.8 crore reported in the same quarter previous year.
The board of directors also declared a dividend of ₹4 per share, which further supported the positive momentum in the stock.
JK Paper shares have remained in focus amid improving earnings performance and steady demand trends in the paper and packaging segment. The stock touched a 52-week high of ₹444.80, while the 52-week low stands at ₹304.85.