TNPL

Nov 13 (Reuters) - Tamilnadu Newsprint & Papers Ltd TNNP.NS:

• TAMILNADU NEWSPRINT & PAPERS SEPT-QUARTER PROFIT 25.9 MILLION RUPEES

• TAMILNADU NEWSPRINT & PAPERS SEPT-QUARTER REVENUE FROM OPERATIONS 9.15 BILLION RUPEES

Further company coverage: TNNP.NS

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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 Vipul Organics VIPU.BO up 2.3%

** Stock rose as much as 4.6% to day's high of 210.1 rupees

** Specialty chemicals co said it bagged an order from Tamilnadu Newsprint and Papers TNNP.NS to supply pigment dyes worth 71.5 mln rupees ($862,641)

** The growth in India's dyes and pigments segment is driven by the expanding packaging and printing industries, co added

** VIPU eyes third straight session of gains, if trends hold

** Including session's moves, stock up 21.5% this year against 32.5% gain in 2023

($1 = 82.8850 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 1 (Reuters) - Tamilnadu Newsprint & Papers Ltd TNNP.NS:

• DIVIDEND 3 RUPEES PER SHARE

Source text for Eikon: ID:nBSE4Bc0j2

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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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Aug 11 (Reuters) - Tamilnadu Newsprint & Papers Ltd TNNP.NS:

• TAMILNADU NEWSPRINT & PAPERS LTD JUNE-QUARTER PROFIT 1.29 BILLION RUPEES VERSUS 604 MILLION RUPEES

• TAMILNADU NEWSPRINT & PAPERS LTD JUNE-QUARTER REVENUE FROM OPERATIONS 12.63 BILLION RUPEES VERSUS 11.28 BILLION RUPEES

Source text for Eikon: ID:nBSE8fjRvH

Further company coverage: TNNP.NS

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May 24 (Reuters) - Tamilnadu Newsprint & Papers Ltd TNNP.NS:

• DIVIDEND OF 5 RUPEES PER SHARE

• INDIA'S TAMILNADU NEWSPRINT & PAPERS LTD MARCH-QUARTER PROFIT 1.03 BILLION RUPEES VERSUS 224.4 MILLION RUPEES

• TAMILNADU NEWSPRINT & PAPERS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 14.27 BILLION RUPEES VERSUS 13.74 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: TNNP.NS

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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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