West Coast PaperMill

Feb 12 (Reuters) - West Coast Paper Mills Ltd WSTC.NS:

• WEST COAST PAPER MILLS LTD DEC-QUARTER CONSOL NET PROFIT 268.6 MILLION RUPEES

• WEST COAST PAPER MILLS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.5 BILLION RUPEES

• WEST COAST PAPER MILLS LTD - S K BANGUR RE-APPOINTED AS CHAIRMAN AND MANAGING DIRECTOR

Source text: ID:nBSE8cDBrf

Further company coverage: WSTC.NS

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** Shares of Indian paper companies rise after government move to impose a minimum import price on virgin multi-layered paper board

** Virgin multi-layered paper board is a type of paper used to make paper bags and corrugated boxes

** Government will impose minimum import price of 67,220 rupees ($768.71) per metric ton till March 31, 2026

** Domestic paper makers have been facing a double whammy of higher wood prices — a key raw material — and lower-priced imports in recent quarters

** Domestic paper firms rise on the news

** JK Paper JKPA.NS jumps 14.6%, Emami Paper mills EMAP.NS up 13%, West Coast Paper Mills WSTC.NS gains 12%, Pakka limited PAKK.NS up 6%

** Shares of Andhra Paper ANDA.NS rise 9.5%, Orient Paper and Industries ORPP.NS up 7.5% and Seshasayee Paper SSHA.NS gains 8%

($1 = 87.4450 Indian rupees)

(Reporting by Komal Salecha)

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Aug 11 (Reuters) - West Coast Paper Mills Ltd WSTC.NS:

• WEST COAST PAPER MILLS LTD JUNE-QUARTER CONSOL NET PROFIT 543.9 MILLION RUPEES

• WEST COAST PAPER MILLS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.55 BILLION RUPEES

Source text: ID:nNSE1vNGL5

Further company coverage: WSTC.NS

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** Andhra Paper ANDA.NS falls 2.2% to 86.3 rupees

** Strike for higher wages disrupts ops at paper maker's manufacturing plant in Rajahmundry

** Co pegs loss of production per day of strike at ~520 MT

** YTD, ANDA losses 8.4%

(Reporting by Aleef Jahan in Bengaluru)

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May 19 (Reuters) - Indian paper and packaging board maker JK Paper JKPA.NS 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 ANDA.NS posted a near-80% drop in quarterly profit earlier this month, while West Coast Paper Mills WSTC.NS and Emami Paper Mills EMAP.NS are yet to report results.

($1 = 85.4230 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Tasim Zahid)

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** India's paper companies rise; JK Paper JKPA.NS and West Coast Paper Mills WSTC.NS up 3% and 4%, respectively

** ITC ITC.NS acquires Aditya Birla Real Estate's AITE.NS paper and pulp business

** Higher deal valuation, positive industry outlook aiding paper stocks

** Nomura says deal valuation at 35 billion rupees ($409.23 million) is higher than its estimate of 20 billion rupees

** The deal valuation can act as benchmark for future consolidation in the industry, says Sunny Agrawal, head of fundamental equity research at SBICAPS Securities

** The paper business has been in cyclical downturn past two years, but an expected market recovery should improve key performance metrics - Motilal Oswal

** Andhra Paper ANDA.NS jumps 7% and Seshasayee Paper & Boards SSHA.NS up 2%

($1 = 85.5270 Indian rupees)

(Reporting by Vivek Kumar M)

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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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Nov 14 (Reuters) - West Coast Paper Mills Ltd WSTC.NS:

• WEST COAST PAPER MILLS SEPT-QUARTER CONSOL NET PROFIT 891.1 MILLION RUPEES

• WEST COAST PAPER MILLS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.45 BILLION RUPEES

Further company coverage: WSTC.NS

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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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** 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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** Shares of West Coast Paper Mills WSTC.NS down 2.5% at 615.70 rupees, after falling as much as 4.6%

** WSTC reports ~57% Y/Y fall in consolidated net profit while rev from ops fell 21.2% Y/Y

** Co also declared a dividend of 8 rupees per shr for fiscal 2024

** Stock on track for fifth consecutive session of loss, if trend holds

** Trading vol 2.9x 30-day daily avg

** Stock fell ~19% in March quarter, its biggest quarterly fall since March 2020

** Stock down 15.6% YTD

(Reporting by Ashish Chandra in Bengaluru)

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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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** Shares of West Coast Paper Mills WSTC.NS rise 2.5% to 638 rupees

** Stock snaps six consecutive session of falls

** Co said on Wednesday unit doubled its manufacturing capacity for optical fiber cable by setting up a new manufacturing unit at Hyderabad, Telangana

** Stock down 6.5% so far this week

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 7 (Reuters) - West Coast Paper Mills Ltd WSTC.NS:

• BREAKDOWN IN ONE OF THE TG SETS AT KARNATAKA PAPER DIVISION

• BREAKDOWN TO PARTIALLY IMPACT PRODUCTION

Source text for Eikon: ID:nBSE3HvmMv

Further company coverage: WSTC.NS

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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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** Shares of West Coast Paper Mills WSTC.NS rise as much as 3.91% to 748.75 rupees

** Large investor Mukul Agarwal bought 1 mln shares of the company, aggregating to 1.51%, in the September quarter, shareholding data in the National Stock Exchange showed on Friday

** As per latest corporate shareholding data filed, Mukul Agarwal publicly held 54 stocks (including WSTC) with net worth over 37 bln rupees, at the end of September quarter

** Trading volume is 480,271 shares as of 2:50 p.m. IST, 0.9x of the 30-day avg - LSEG data

** Including session moves, WSTC shares up ~46% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of West Coast Paper Mills WSTC.NS rise as much as 3.9% to 697.65 Indian rupees, set for their best day in a week - if gains hold

** Stock hits highest since Sept 15

** Paper maker says got National Company Law Tribunal approval for acquisition of Uniply Decor nBSE7My55g

** Stock up 33% YTD

(Reporting by Archishma Iyer in Bengaluru)

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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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May 19 (Reuters) - West Coast Paper Mills Ltd WSTC.NS:

• CFO RAJENDRA JAIN RESIGNED

• RAJESH BOTHRA HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE5TdNrT

Further company coverage: WSTC.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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