ANDHRAPAP

Jan 7 (Reuters) - Andhra Paper Ltd ANDA.NS:

• MANAGEMENT REVOKED LOCKOUT AT CO’S MANUFACTURING UNIT AT RAJAHMUNDRY

• WORKERS HAVE REPORTED TO WORK AS PER SHIFT SCHEDULES AND RESUMED THEIR DUTIES

Source text: ID:nnAZN31CH0M

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** Shares of Andhra Paper ANDA.NS slide about 5%, set for biggest one-day drop in 4 months

** Stock hits session low of 90.05 rupees, lowest since Sept 2023

** Co says workers went on strike from Jan 3 at factory in Rajahmundry, Andhra Pradesh

** Reason of strike/workers demands not mentioned; duration of strike unclear

** Co declares lockout on Jan 6 for safety of employees, plant assets

** Trading volume over 235,000 shares tops 30-day moving avg

** Stock reverses from slim 2025 gains to drop 4.5% YTD; had fallen 22.5% in 2024

(Reporting by Meenakshi Maidas in Bengaluru)

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Jan 3 (Reuters) - Andhra Paper Ltd ANDA.NS:

• ANDHRA PAPER - RAJAHMUNDRY MANUFACTURING PLANT OPERATIONS DISRUPTED DUE TO WORKERS' STRIKE

• ANDHRA PAPER LTD - LOSS OF PRODUCTION PER DAY OF STRIKE IS APPROXIMATELY 510 MT

Source text: ID:nBSE3mL8fV

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Nov 12 (Reuters) - Andhra Paper Ltd ANDA.NS:

• ANDHRA PAPER - ANNUAL OUTAGE IN FACILITY AT KADIAM UNIT PLANNED FROM NOV. 13 TO DEC. 4

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** Shares of paper and packaging company Andhra Paper ANDA.NS fall 3.1% to 98.33 rupees in early trade

** Co reports 58% plunge in Sept-qtr net profit after tax to 417.2 million rupees (~$5 mln); rev from ops fell 10%

** ANDA lost about 6% in October, third straight month of losses

** Stock down ~20% so far this year, on track to snap three-year winning streak

** Rival Pudumjee Paper Products PUDJ.NS is up around 149% while Emami Paper Mills EMAP.NS is down about 11%

($1 = 84.1125 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 4 (Reuters) - Andhra Paper Ltd ANDA.NS:

• JOINT MANAGING DIRECTOR SAURABH BANGUR HAS BEEN APPOINTED AS MANAGING DIRECTOR

• RESIGNATION OF S K BANGUR AS MANAGING DIRECTOR

• SEPT-QUARTER NET PAT 417.2 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 4.32 BILLION RUPEES

Source text: ID:nBSEbvMzNn

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BENGALURU, July 24 (Reuters) - Indian paper and packaging board maker JK Paper JKPA.NS reported a fourth straight decline in quarterly profit on Wednesday, hurt by surging costs.

The company's consolidated net profit after tax fell nearly 55% year-on-year to 1.40 billion rupees ($16.7 million) for the quarter ended June 30.

Higher raw material costs led to a 25.1% rise in expenses, pressuring the bottomline, while net revenue rose 8.2% to 17.14 billion rupees.

JK Paper, which supplies office paper, coated paper, writing and printing paper, and packaging boards, has customers in more than 60 countries, according to its website.

A significant drop in market prices coupled with a surge in the cost of wood adversely affected the company's performance during in the first quarter, it said in an exchange filing.

The company's managing director in the previous quarter said that selling prices continued to remain subdued due to rising imports.

Peer Emami Paper Mills EMAP.NS will report its quarterly results next month.

JK Paper's shares ended 1.7% higher ahead of its results.

($1 = 83.6860 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Sonia Cheema)

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** Shares of Andhra Paper ANDA.NS up 3.8% to 507.8 rupees, on track for biggest one-day jump since late-April

** The paper and packaging co got approval from Andhra Pradesh Pollution Control Board for additional pulp capacity of 27,500 tonnes per annum (TPA)

** Co currently has existing capacity of 200,000 TPA

** Including session's gains, stock is down 17% YTD vs 7.3% loss in peer Emami Paper Mills EMAP.NS, ~71% gain in Century Textiles CNTY.NS

(Reporting by Manvi Pant in Bengaluru)

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June 6 (Reuters) - Andhra Paper Ltd ANDA.NS:

• ANDHRA PAPER LTD - APPROVAL OF APPCB FOR ADDITIONAL PULP CAPACITY FOR RAJAHMUNDRY MANUFACTURING UNIT

• ANDHRA PAPER - APPCB HAVE ACCORDED THEIR APPROVAL FOR ADDITIONAL PULP CAPACITY OF 27,500 TPA

Source text for Eikon: ID:nBSE2ZvSLQ

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** Shares of Andhra Paper ANDA.NS fall as much as 3.9% to 504.05 rupees

** Paper and pulp maker reported 75% y/y drop in Q4 profit, revenue dropped 38%

** ANDA reports profit drop for third straight quarter

** Stock last down 2.5%, set to snap three straight session of gains

** Stock down 16% YTD after rising 45% in 2023

(Reporitng by Nishit Navin)

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May 14 (Reuters) - Andhra Paper Ltd ANDA.NS:

• MARCH-QUARTER NET PAT 384.1 MILLION RUPEES VERSUS 1.54 BILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 3.64 BILLION RUPEES VERSUS 5.9 BILLION RUPEES

• DIVIDEND 10 RUPEES PER SHARE

• APPROVED SUB-DIVISION OF SHARES IN RATIO 1:5

Source text for Eikon: ID:nNSE5lP0Pz

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April 24 (Reuters) - Andhra Paper Ltd ANDA.NS:

• OPERATIONS OF RAJAHMUNDRY MANUFACTURING PLANT DISRUPTED DUE TO ILLEGAL STRIKE OF WORKERS

• CO DECIDED TO DECLARE LOCKOUT W.E.F. APRIL 24 AT UNIT

• LOCKOUT SHALL CONTINUE TILL FURTHER NOTICE

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April 16 (Reuters) - Andhra Paper Ltd ANDA.NS:

• OPERATIONS OF MANUFACTURING PLANT AT KADIYAM UNIT, EAST GODAVARI TEMPORARILY SHUT DOWN ON APRIL 15, 2024

• KADIYAM UNIT WILL RESUME OPERATIONS AS SOON PULP SUPPLY IS RESTORED

• SHUTDOWN OWING TO NON-AVAILABILITY OF PULP FROM MANUFACTURING UNIT AT RAJAHMUNDRY

• CO MANAGEMENT IS IN DISCUSSION WITH TRADE UNIONS AT RAJAHMUNDRY, LOCAL AUTHORITIES TO RESOLVE ISSUE

Source text for Eikon: ID:nBSE2x6bRK

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April 3 (Reuters) - Andhra Paper Ltd ANDA.NS:

• OPERATIONS OF MANUFACTURING PLANT SITUATED AT UNIT: RAJAHMUNDRY HAS BEEN DISRUPTED DUE TO ILLEGAL STRIKE OF WORKERS

• MANAGEMENT IS IN DISCUSSION WITH CONCERNED TRADE UNIONS TO RESOLVE ISSUE

• LOSS OF PRODUCTION PER DAY OF STRIKE APPROXIMATELY 16 MILLION RUPEES

Source text for Eikon: ID:nBSEbNcHPd

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March 25 (Reuters) - Andhra Paper Ltd ANDA.NS:

• ANNUAL OUTAGE IN RAJAHMUNDRY MANUFACTURING FACILITY EXTENDED BY ANOTHER SIX DAYS

Source text for Eikon: ID:nBSECVV2f

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Feb 2 (Reuters) - Andhra Paper Ltd ANDA.NS:

• ANDHRA PAPER - TO INSTALL TISSUE PAPER MACHINE AT KADIYAM MANUFACTURING FACILITY WITH CAPACITY TO PRODUCE 100 TONS PER DAY

• ANDHRA PAPER LTD - CAPITAL INVESTMENT TO NOT EXCEED 2.7 BILLION RUPEES

Source text for Eikon: ID:nNSE7GwGGt

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BENGALURU, Nov 3 (Reuters) - India's JK Paper JKPA.NS on Friday reported a drop in quarterly profit for the first time in 11 months, hurt by the lower demand for its coated paper and packaging board, and higher input costs.

The paper producer's consolidated net profit after tax fell 6.8% to 3.02 billion rupees ($36.3 million) for the quarter ended Sept. 30.

Paper makers are experiencing subdued demand for photocopy and multipurpose papers, following a surge in the previous quarters when people started returning to offices after the pandemic.

Profit fell on lower sales realization of coated paper and packaging board, the company said, indicating lower prices.

Total expenses rose about 13% including a near 29% jump in input costs.

Consolidated net revenue from operations inched up 0.4% to 16.50 billion rupees.

"Of late, the demand of packaging board has started recovering and there has been some increase in selling price across all product segments," Managing Director Harsh Pati Singhania said in a statement.

Last month, Andhra Paper ANDA.NS reported a near 12% fall in September-quarter profit, while Tamil Nadu Newsprint and Papers TNNP.NS and West Coast Paper Mills WSTC.NS are due to report results on Nov. 10 and Nov. 9, respectively.

Shares of JK Paper closed 0.24% higher ahead of the results. The stock is down 6.5% this year.

($1 = 83.2466 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru; Editing by Dhanya Ann Thoppil)

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Oct 30 (Reuters) - Andhra Paper Ltd ANDA.NS:

• INDIA'S ANDHRA PAPER SEPT-QUARTER NET PAT 1 BILLION RUPEES VERSUS 1.13 BILLION RUPEES

• ANDHRA PAPER SEPT-QUARTER REVENUE FROM OPERATIONS 4.82 BILLION RUPEES VERSUS 4.85 BILLION RUPEES

Source text for Eikon: [ID:]

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Aug 3 (Reuters) - Andhra Paper Ltd ANDA.NS:

• JUNE-QUARTER NET PAT 1.19 BILLION RUPEES VERSUS PROFIT 849.5 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 4.78 BILLION RUPEES VERSUS 4.52 BILLION RUPEES

Source text for Eikon: ID:nBSEbjQ10J

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BENGALURU, July 24 (Reuters) - India's JK Paper JKPA.NS reported a higher profit for the tenth straight quarter on Monday, led by growing demand and higher prices for its paper and packaging boards.

The company's consolidated net profit after tax climbed 17.8% to 3.09 billion rupees ($37.76 million) in the first quarter ended June 30, also helped by lower coated paper and import prices as well as lower mechanical pulp rates for packaging modes.

JK Paper and its peers have benefited from rising demand from offices as work-from-office slowly reverts to the norm and as companies continue to substitute plastic with paper.

India banned single-use plastics in mid-2022 for packaging and products such as drinking cups.

The strong demand has also helped paper companies push up their prices, helping their net sales realisation, or NSR, which boosted revenue by about 11% to 15.84 billion rupees.

Its total costs rose 12.4% in the quarter - weighed by materials consumed and employee costs - but this was a marked slowdown from the 101.5% surge in the year-ago quarter and a 26% in the previous quarter.

Shares of JK Paper fell 16.1% from April to June, compared with gains of 1.2% and 1.3% in the stocks of Andhra Paper and TCPL, respectively, while Tamil Nadu Newsprint and West Coast Paper fell 4.1% and 5.7%, respectively.

($1 = 81.8254 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane Venkatraman)

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BENGALURU, May 16 (Reuters) - India's JK Paper Ltd JKPA.NS reported a roughly 65% rise in fourth-quarter profit on Tuesday, helped by higher prices for its papers and packaging boards and as some input costs eased.

The company's consolidated net profit after tax climbed to 2.80 billion rupees ($34.2 million) in the quarter ended March 31, from 1.70 billion rupees a year earlier.

JK Paper and other paper companies have benefited from rising demand from offices as work-from-office slowly reverts to the norm as well from e-commerce and other companies to substitute plastic, especially after India banned single-use plastics in mid-2022, for packaging and products such as drinking cups.

Earlier this month, Andhra Paper Ltd ANDA.NS said its fourth-quarter profit more than doubled, while Tamil Nadu Newsprint and Papers Ltd TNNP.NS, West Coast Paper Mills Ltd WSTC.NS and TCPL Packaging TCPL.NS are yet to report.

The strong demand has also helped paper companies push up their prices, helping their net sales realization, or NSR.

"Higher volume coupled with increased realisation led to better operating performance during the year," said JK Paper, which has its own mills and has bought a majority stake in two packaging companies last year.

JK Paper's revenue from its paper and board business, its only operating segment, clocked a growth of 28% to 17.04 billion rupees.

Its total costs rose nearly 26% in the fourth quarter, as some inputs costs eased. The rise in its expenses has previously slowed from 109% in the first quarter to about 40% in the third quarter.

Shares of JK Paper had fallen 6.7% during the quarter ended March, and dipped 8.5% so far this year, compared with gains of 2.5% to 10.5% in the stocks of Andhra Paper, Tamil Nadu Newsprint, West Coast Paper and TCPL.

($1 = 81.7800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D'Souza)

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** Shares of Andhra Paper Ltd ANDA.NS rise as much as 4.8% to 496 rupees, their highest since Nov. 3

** Shares post sharpest intraday pct gain since April 13

** Paper and packaging co's March-qtr net profit after tax more-than-doubles to 1.54 bln rupees ($18.83 mln) compared with 574.5 mln rupees a year earlier

** Rev from ops rises 38.6% to 5.90 bln rupees; board recommends final dividend of 12.50 rupees per share

** Stock continues to trade above 50-, 100-, and 200-day moving averages since April 12

** MACD line above signal line since May 5, suggesting bullish momentum

** More than 451,570 shares change hands by 9:42 a.m. IST, 3.7x the 30-day avg

** Stock up 12.6% so far this year, up to last close

($1 = 81.7800 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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May 8 (Reuters) - Andhra Paper Ltd ANDA.NS:

• FINAL DIVIDEND OF 12.5 RUPEES PER SHARE

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