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JK Paper to invest ₹500 crore in hybrid renewable power project; Q3 PAT at ₹27 croreJK Paper okayed a ₹500 crore power project, saw lower Q3 profits due shutdowns; and planted 9.5 crore saplings across five Indian states; shares closed lower at ₹326.By Srabastee Biswas  February 5, 2026, 6:56:18 PM IST (Published)2 Min ReadJK Paper Ltd on Thursday, February 5, said its board has approved an investment of ₹500 crore to set up a hybrid renewable power project aimed at reducing power costs and increasing the company’s sustainable green power output.

The company also posted its Q3 results on Thursday. For the quarter ended December 2025, JK Paper reported a consolidated turnover of ₹1,877.62 crore, EBITDA of ₹195.87 crore and profit after tax (PAT) of ₹27.40 crore. For the nine months ended December 2025, consolidated turnover stood at ₹5,532.84 crore, while EBITDA and PAT came in at ₹711.73 crore and ₹183.37 crore, respectively.

Commenting on the performance, chairman Harsh Pati Singhania said the quarter was adversely impacted by a planned annual shutdown at two major plants in Odisha and Gujarat, which led to lower production. He added that continued low-priced imports resulted in weaker sales realisation, while sharp rupee depreciation against the euro increased finance costs. Some improvement is expected in the coming quarter due to better demand and a reduction in input costs.

The board-approved ₹500 crore hybrid power project is expected to deliver power cost efficiencies and support the company’s goal of reducing dependence on fossil fuels. Singhania also said the company’s composite scheme of arrangement was approved on February 3, 2026, by the National Company Law Tribunal, Ahmedabad, which will consolidate the paper and packaging businesses and streamline the corporate structure, leading to operational efficiencies and ease of compliance.

During the quarter, the company assessed the financial impact of the new labour code issued by the Government of India, effective November 21, 2025, and disclosed the incremental impact under exceptional items.

JK Paper continued its social farm forestry initiatives across plant locations to strengthen raw material availability and improve green cover in Odisha, Gujarat, Andhra Pradesh, Telangana and Maharashtra, with total saplings planted at 9.50 crore across 70,021 acres.

Also read: Paper industry likely to see price correction soon: JK Paper

On the NSE, JK Paper shares closed down 3.13% at ₹326 today, February 5.

Click here for Q3 results LIVE UpdatesContinue Reading(Edited by : Shoma Bhattacharjee)TagsJK Paper