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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
