JKPAPER

JK Paper Ltd JKPA.NS:

• JK PAPER LTD - TRADE UNIONS CALL STRIKE AT JK PAPER'S FORT SONGADH UNIT

• JK PAPER LTD - MANUFACTURING ACTIVITIES DISRUPTED AT FORT SONGADH UNIT

• JK PAPER LTD - STRIKE EXPECTED TO REDUCE PRODUCTION BY 20%

• JK PAPER LTD - IN DISCUSSIONS WITH TRADE UNIONS TO RESOLVE STRIKE

Source text: ID:nBSE7ttgzw

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Jan 29 (Reuters) - India's JK Paper JKPA.NS reported a fall in profit for a sixth straight quarter on Wednesday, hurt by higher raw material costs and weak pricing power.

The paper and packaging board maker's consolidated net profit tumbled 73% year-on-year to 653.9 million rupees ($7.6 million) for the quarter ended Dec. 31.

Indian paper makers have grappled with cheaper imports and elevated prices of wood - a key raw material - over the past few quarters.

Additionally, these companies have been forced to sell their products at lower prices as demand remains subdued following a post-pandemic surge.

JK Paper's net revenue from operations fell 4.4% to 16.32 billion rupees during the quarter while total expenses rose 5%, led by an 18% jump in raw material costs.

Peer West Coast Paper Mills' WSTC.NS quarterly profit more than halved, hurt by higher costs and cheaper imports.

($1 = 86.5370 Indian rupees)

(Reporting by Aleef Jahan and Kashish Tandon in Bengaluru; Editing by Sonia Cheema and Mrigank Dhaniwala)

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** Shares of paper maker JK Paper JKPA.NS rise 3.9% to 472 rupees

** Co approves consolidation of business operations wherein it will merge three of its units with itself

** Also approves acquisition of majority stake in corrugated packaging materials maker Radhesham Wellpack

** JKPA to buy 75,000 or 60% of Radhesham shares at 8,463 rupees per share, with the remaining to be acquired within two years of deal closure

** More than 1.2 mln shares traded, 2x its 30-day avg

** Stock up 16% YTD

(Reporting by Aleef Jahan in Bengaluru)

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Dec 13 (Reuters) - JK Paper Ltd JKPA.NS:

• ACQUISITION OF RADHESHAM WELLPACK

• PURCHASE CONSIDERATION AT 8,463 RUPEES PER EQUITY SHARE

Source text: ID:nBSE3CNVkg

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** Shares of JK Paper JKPA.NS fall as much as 6.7% to 426 rupees, their lowest levels since June 12

** Co posted a 57% fall in Q2 profit, marking its fifth straight quarterly profit drop

** Co says profit pulled down by rising prices of wood, a key raw material

** Session's loses trim YTD gains, stock now up 8% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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BENGALURU, Nov 4 (Reuters) - India's JK Paper JKPA.NS reported a fall in profit for a fifth-straight quarter on Monday, hit by rising prices of wood - a key raw material used to manufacture paper and packaging materials.

The company said its consolidated net profit fell 57% to 1.29 billion rupees ($15.3 million) in the quarter ended Sept. 30.

JK Paper has been grappling with rising wood prices in the last few quarters that have bumped up input costs.

The industry has also struggled with lower selling prices of its products as demand remains subdued following a post-pandemic surge.

The company's expenses rose nearly 15% to 15.70 billion rupees, mainly due a 21% rise in input costs.

Its net revenue rose 2% to 16.83 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.

Peer Emami Paper Mills EMAP.NS is set to report its quarterly results later this week.

JK Paper's shares closed 2% lower ahead of its results.

($1 = 84.0860 Indian rupees)

(Reporting by Nishit Navin and Ashna Teresa Britto in Bengaluru)

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** Shares of JK Paper JKPA.NS down 8.5% at 516 rupees

** Paper manufacturer posted a 54% y/y drop in consol net profit for June-qtr as expenses rose 25%

** JKPA reported fall in profit for the fourth straight quarter

** Stock sees biggest intraday drop since May 2022

** Still, stock up 28% so far in 2024, after dropping a marginal 0.5% in 2023

(Reporting by Nishit Navin)

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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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May 16 (Reuters) - JK Paper Ltd JKPA.NS:

• JK PAPER LTD - DIVIDEND 5 RUPEESPER SHARE

• JK PAPER LTD MARCH-QUARTER CONSOL NET PAT 2.76 BILLION RUPEES VERSUS 2.80 BILLION RUPEES

• JK PAPER LTD MARCH-QUARTER CONSOL NET REVENUE FROM OPERATIONS 17.19 BILLION RUPEES VERSUS 17.19 BILLION RUPEES

Source text for Eikon: ID:nNSE30vBb1

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** Shares of paper products maker N R Agarwal Industries NRAI.NS up 4.8%

** Co begins dispatch from duplex board plant in Gujarat

** Stock trading above its 200-day simple moving avg since July 2023, volumes at 1.3x the 30-day avg

** Including session's gains, stock is up ~8%, it surged 35% in 2023, while peer JK Paper JKPA.NS lost 0.6%, Century Textile CNTY.NS gained ~71%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of JK Paper JKPA.NS down 4.5% at 395.65 rupees

** Co's Q3 profit fell 28.6% YoY

** Earlier this month, stock went on a three-day losing streak with a ~9% drop

** Stock on track for worst day since Jan 23, if trend holds

** Peer Andhra Paper ANDA.NS posted qtrly profit drop, Emami Paper Mills EMAP.NS reported Dec-qtr profit surge

(Reporting by Varun Vyas in Bengaluru)

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BENGALURU, Feb 7 (Reuters) - Paper and packaging board maker JK Paper JKPA.NS reported a plunge in third-quarter profit on Wednesday, hurt by surging input costs.

Consolidated net profit for the three months ended Dec. 31 fell 28.6% year-on-year to 2.35 billion rupees ($28.3 million), its second straight quarterly profit drop.

Input costs for JK Paper ballooned almost 24% to 8.97 billion rupees, echoing a similar rise in expenses for rival paper-maker Andhra Paper ANDA.NS, which reported a 51.5% fall in its profit in the quarter.

The climb in raw material costs led to JK Paper's total expenses climbing nearly 21%, far outweighing a 4% climb in its total income.

Sales of its packaging products, which include boxes and cups for food, beverages and fast-moving consumer goods, rose during the October-November festive season when consumers typically splurge on non-discretionary products.

Still, revenue growth was restrained as elevated inflation levels slowed consumer spending through the last year.

JK Paper's total income growth had slowed to 11.9% in the April-June quarter and 1% in the July-September quarter.

Peer Emami Paper Mills EMAP.NS reported a nearly 28-fold jump in profit, helped by a slump in expenses.

($1 = 82.9744 Indian rupees)

(Reporting by Manvi Pant and Varun Vyas in Bengaluru; Editing by Janane Venkatraman)

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Jan 2 (Reuters) - JK Paper Ltd JKPA.NS:

• GETS TAX DEMAND OF 12.2 MILLION RUPES AND PENALTY OF 1.2 MILLION RUPEES

Source text for Eikon: ID:nBSE9KN1yV

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Jan 1 (Reuters) - JK Paper Ltd JKPA.NS:

• GOT ORDER WITH TAX DEMAND OF 2.8 MILLION RUPEES

Source text for Eikon: ID:nBSE4gbspl

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Dec 29 (Reuters) - JK Paper Ltd JKPA.NS:

• RECEIVED ORDER FROM ADDITIONAL COMMISSIONER, GST & CENTRAL EXCISE, BHUBANESWAR COMMISSIONERATE, ODISHA

• ORDER IMPOSED A PENALTY OF 3.2 MILLION RUPEES FOR FINANCIAL YEARS 2017 -18 TO 2019-20

Source text for Eikon: ID:nBSE9DwcSj

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Dec 18 (Reuters) - JK Paper Ltd JKPA.NS:

• CO HAS BEEN DISALLOWED INPUT TAX CREDIT OF 3.7 MILLION RUPEES BY GST OFFICE, ODISHA

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** Shares of JK Paper JKPA.NS fall as much as 2.2% to 371.20 rupees

** The paper producer on Tuesday said it has received income tax penalty demand worth 655.6 million rupees ($7.88 million) for the assessment year 2020-21

** Avg rating of three analysts close to equivalent of "hold", median PT is 386 rupees - LSEG data

** Stock down ~9% YTD

($1 = 83.2440 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Nov 21 (Reuters) - JK Paper Ltd JKPA.NS:

• RECEIVED INCOME TAX DEMAND OF 655.6 MILLION RUPEES

Source text for Eikon: ID:nBSE2wC2Dw

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** Shares of paper producer JK Paper JKPA.NS fall as much as 3.2% to 370.05 rupees

** Co reported a near 7% fall in its consolidated PAT Y/Y to 3.02 billion rupees

** Total expenses rose 13.3%, including a near 29% jump in input costs

** Shares currently down 2.2%; down nearly 9% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Nov 3 (Reuters) - JK Paper Ltd JKPA.NS:

• INDIA'S JK PAPER SEPT-QUARTER CONSOL NET PAT 3.02 BILLION RUPEES VERSUS PROFIT 3.24 BILLION RUPEES

• JK PAPER LTD SEPT-QUARTER CONSOL NET REVENUE FROM OPERATIONS 16.50 BILLION RUPEES VERSUS 16.44 BILLION RUPEES

Source text for Eikon: ID:nBSE6srvzW

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** Shares of JK Paper Ltd JKPA.NS up as much as 5.3% to 330 rupees, their highest since June 21

** Paper producer on Monday, after market hours, posted a 17.8% YoY rise in its June qtr consol net profit

** Revenue from ops for the qtr rose ~11% YoY

** Over 732,000 shares change hands by 09:24 a.m. IST, 1.3x the 30-day moving avg

** As of last close, stock down ~23% so far this year

($1 = 81.6980 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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July 24 (Reuters) - JK Paper Ltd JKPA.NS:

• JUNE-QUARTER CONSOL NET PAT 3.09 BILLION RUPEES VERSUS 2.62 BILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL INCOME 16.39 BILLION RUPEES VERSUS 14.65 BILLION RUPEES

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May 16 (Reuters) - JK Paper Ltd JKPA.NS:

• INDIA'S JK PAPER MARCH-QUARTER CONSOL NET PAT 2.8 BILLION RUPEES VERSUS PROFIT 1.70 BILLION RUPEES

• JK PAPER MARCH-QUARTER CONSOL TOTAL INCOME 17.60 BILLION RUPEES VERSUS 13.62 BILLION RUPEES

• FINAL DIVIDEND 4 RUPEES PER SHARE

Source text for Eikon: ID:nBSE89dyYX

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