Company Profile

JK Paper has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 9.83% fall in its net profit at Rs 204.30 crore for Q3FY24 as compared to Rs 226.56 crore for the same quarter in the previous year. Total income of the company decreased by 6.10% at Rs 1545.25 crore for Q3FY24 as compared Rs 1645.57 crore for corresponding quarter of the previous year. 

On consolidated basis, The company has reported 29.14% fall in net profit at Rs 236.36 crore for the third quarter ended December 31, 2023 as compared to Rs 333.54 crore for the same quarter in the previous year. However, total income of the company increased by 4.15% at Rs 1762.32 crore for Q3FY24 as compared Rs 1692.06 crore for corresponding quarter of the previous year.

Data Patterns (India) has signed a Licensing and Transfer of Technology (ToT) agreement with IN-SPACe, a single-window, independent, nodal agency that functions as an autonomous agency in the Department of Space (DoS). This agreement will provide Data Patterns with miniature SAR Radar capability. The technology has been developed at Space Applications Centre (SAC), ISRO and is the forerunner of ISRO's upcoming high resolution SAR satellite, the NISAR and made available for ToT to the industry by IN-SPACe.

Piramal Pharma’s Piramal Pharma Solutions (PPS) business has launched a world-class high-throughput screening facility that augments the existing in-vitro biology capabilities at its drug discovery services site in Ahmedabad, India. This new expansion significantly adds primary and secondary screening capabilities of compounds prepared at the Ahmedabad site.

KEC International has secured new orders of Rs 1,315 crore across its various businesses. The Transmission & Distribution (T&D) business has secured orders for T&D projects in India, Middle East, Australia and Americas. The Cables business has secured orders for supply of various types of cables in India and overseas.

JK Paper has received approval for acquisition of Manipal utility Packaging Solutions. Pursuant to approval of the Board of Directors, the company is entering into share purchase Agreement with Manipal utility packaging solutions and its Promoters/Shareholders. The said acquisition is in synergy with long-term strategic objective of the company and its subsidiaries in packaging business. 

Tata Power’s EV charging arm -- Tata Power EV Charging Solutions (TPEVCSL) has entered into collaboration with the Assam Government, aimed at augmenting the electric vehicle ecosystem. This significant partnership, formalized through the signing of a Memorandum of Understanding (MoU), will introduce the convenience of EV charging infrastructure in the dynamic city of Guwahati. 

Savita Oil Technologies has successfully commissioned new Synthetic Ester manufacturing plant at its facility in Mahad. This multipurpose plant designed to manufacture Synthetic Esters for Transformer Fluid applications, will also have the capability to manufacture Synthetic Esters for high performance Automotive and Industrial Lubricants. Synthetic Esters, because of their high thermal stability and good dielectric properties, are also the preferred choice for use as Electric Vehicle (EV) Coolants, Immersion Cooling of batteries as well as Data Center Cooling Fluids.

Sarveshwar Foods has been approved as strategic supplier for supplying basmati, non-basmati rice, other agricultural products, food items etc. for Jammu Region by KRIBHCO-a national level Multi State Cooperative Society and has been awarded an initial order of around Rs 12.70 crore for supply of Non - Basmati White Rice as per the purchase order issued by KRIBCHO Agri Business (a wholly owned subsidiary of KRIBCHO).