JK Paper's Q1 margin sits 3.37 points below commodity peer median
The consolidated operating margin was 15.35% versus an 18.72% median across 18 reported peers; results were filed after market close.
Filed 27 Jul 2026, 18:01 IST · after market close · JK Paper Ltd (JKPAPER)
Key takeaways
- JK Paper's consolidated Q1 operating margin of 15.35% was 3.37 percentage points below the 18.72% median for 18 reported commodity peers.
- Other income of Rs 31.75 cr formed part of consolidated pre-tax profit of Rs 182.89 cr, leaving reported earnings with a non-operating component.
- Consolidated EPS was Rs 7.18, while net profit stood at Rs 136.27 cr.
Price around the results
Q1 margin lagged 18 commodity peers
JK Paper's consolidated operating margin of 15.35% ranked fifth from the bottom among the 18 Commodities companies that had reported. It was 3.37 percentage points below the sector median of 18.72%, putting the quarter below the peer operating benchmark.
Below-operating-line items shaped reported profit
The gap between operating profit of Rs 289.76 cr and pre-tax profit of Rs 182.89 cr reflects Rs 39.81 cr of interest and Rs 98.81 cr of depreciation, partly offset by Rs 31.75 cr of other income. The 25.49% tax rate then reduced pre-tax profit to consolidated net profit of Rs 136.27 cr.
No immediate stock reaction to assess
The consolidated results were filed at 18:01 IST on 27 Jul 2026, after market close. There is therefore no post-results stock reaction to assess for this quarter.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,887 cr |
| Other income | ₹32 cr |
| Expenses | ₹1,597 cr |
| Operating profit | ₹290 cr |
| Operating margin (%) | 15.35% |
| Interest | ₹40 cr |
| Depreciation | ₹99 cr |
| Profit before tax | ₹183 cr |
| Tax | ₹47 cr |
| Net profit | ₹136 cr |
| EPS (₹) | ₹7.18 |
Operating margin of 15.35% compares with a Commodities sector median of 18.72% across 18 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves from 15.35% toward the 18.72% median for reported commodity peers.
- Whether other income remains near Rs 31.75 cr against pre-tax profit of Rs 182.89 cr.
- Next quarter's EPS and tax rate against Rs 7.18 and 25.49%, respectively.