Latest news with #AndhraPaper
Mint
12 hours ago
- Business
- Mint
From JK Paper to West Coast Paper Mills... paper stocks could be in focus on Friday; here's why
Several paper stocks, including JK Paper, West Coast Paper Mills, Seshasayee Paper & Boards, Andhra Paper, Tamil Nadu Newsprint & Papers and Orient Paper, are likely to be in focus on Friday amid reports that the Indian government may tighten controls on substandard paper product imports. Mint reported earlier, quoting sources that "India is set to tighten controls on substandard paper product imports, particularly from China, with the Department for Promotion of Industry and Internal Trade (DPIIT) in the process of introducing a new Quality Control Order (QCO) for a wide range of commonly used paper products." India's imports of paper and paperboard rose from 1.08 million tonnes in FY21 to 2.06mt in FY25. According to the Mint report, in FY25, imports of paper and paperboard from China recorded a 33 per cent jump in volume, and the Asean countries of South East Asia accounted for about 20 per cent of total imports. In value terms, overall imports touched nearly $1.81 billion during the year, with China's share amounting to about $800 million. A curb on substandard paper product imports could augur well for domestic paper manufacturing firms. Several paper stocks have seen healthy gains in the recent past despite stock market volatility amid prevailing global uncertainties. Shares of Agio Paper have surged 72 per cent over the last three months, while those of NR Agarwal Industries have jumped 55 per cent in the same period. Stocks such as Astron Paper & Board Mill, Shree Rama Newsprint, Tamil Nadu Newsprint, West Coast Paper, Orient Paper, JK Paper and Andhra Paper have jumped 10-35 per cent over the last three months. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Reuters
19-05-2025
- Business
- Reuters
India's JK Paper profit plunges as higher costs, imports squeeze margins
May 19 (Reuters) - Indian paper and packaging board maker JK Paper ( opens new tab reported its seventh consecutive quarter of lower profits on Monday, as high prices of wood pressured its margins. The company's consolidated net profit plummeted 72.4% from a year earlier to 762 million rupees ($8.9 million) for the quarter ended March 31. Indian paper manufacturers are grappling with the dual pressures of escalating wood prices —a key raw material—and lower-priced imports over recent quarters. The industry has appealed to the government to restrict low-quality imports and provide support amidst global tariff pressures, particularly from the United States. "Profits have been significantly impacted due to surge in imports at low prices and high wood cost," Managing Director Harsh Pati Singhania said. JK Paper's net revenue from operations declined by 1.7% to 16.90 billion rupees, while expenses increased by 10.4% to 16.09 billion rupees, primarily driven by raw material costs. This resulted in its margins shrinking to 4.7% from 15.2%. The New Delhi-based company declared a dividend of five rupees per share. Smaller rival Andhra Paper ( opens new tab posted a near-80% drop in quarterly profit earlier this month, while West Coast Paper Mills ( opens new tab and Emami Paper Mills ( opens new tab are yet to report results. ($1 = 85.4230 Indian rupees)
Business Standard
09-05-2025
- Business
- Business Standard
Andhra Paper standalone net profit declines 79.56% in the March 2025 quarter
Sales rise 11.80% to Rs 407.37 crore Net profit of Andhra Paper declined 79.56% to Rs 7.85 crore in the quarter ended March 2025 as against Rs 38.41 crore during the previous quarter ended March 2024. Sales rose 11.80% to Rs 407.37 crore in the quarter ended March 2025 as against Rs 364.38 crore during the previous quarter ended March 2024. For the full year,net profit declined 73.83% to Rs 88.91 crore in the year ended March 2025 as against Rs 339.74 crore during the previous year ended March 2024. Sales declined 14.40% to Rs 1541.24 crore in the year ended March 2025 as against Rs 1800.58 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 407.37364.38 12 1541.241800.58 -14 OPM % 4.989.68 - 8.7323.94 - PBDT 30.7062.30 -51 205.39521.51 -61 PBT 6.1745.59 -86 117.07455.64 -74 NP 7.8538.41 -80 88.91339.74 -74
