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Andhra Paper Ltd.

BSE: 502330 Sector: Industrials
NSE: ANDHRAPAP ISIN Code: INE435A01028
BSE 00:00 | 27 Jan 413.90 -7.10
(-1.69%)
OPEN

420.60

HIGH

422.85

LOW

404.90

NSE 00:00 | 27 Jan 410.40 -10.95
(-2.60%)
OPEN

415.00

HIGH

422.95

LOW

404.25

OPEN 420.60
PREVIOUS CLOSE 421.00
VOLUME 862
52-Week high 509.95
52-Week low 201.10
P/E 5.62
Mkt Cap.(Rs cr) 1,646
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 420.60
CLOSE 421.00
VOLUME 862
52-Week high 509.95
52-Week low 201.10
P/E 5.62
Mkt Cap.(Rs cr) 1,646
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Andhra Paper Ltd. (ANDHRAPAP) - Chairman Speech

Company chairman speech

Shree Kumar Bangur

Chairman & Managing Director

 

At Andhra Paper we have always taken pride on our sustainabilityefforts which go beyond regulatory compliance since we believe sustainability is notjust a legal responsibility but a shared responsibility we all have towards our planet.

Dear Shareholders

The year 2021 has been a transition year for the world following ayear that was marred by COVID-19 and falling economies the economies recovered. As aresult the global growth rate turned upward. As we go forward in 2022 although the roadblocks are many there is a strong likelihood that the economic recovery will continuewith a GDP growth above trend.

The Indian economy has demonstrated immense resilience with itsfast-paced recovery. Upholding the title of the fastest growing economy India iscontinuing to contribute significantly to the global growth. Although inflationarypressures and rising crude oil prices might pose a short-term limitation on growth thegovernment's pro-growth budget have paved a way for a promising future for thecountry.s

During the year under review despite subdued macroeconomic conditionsour strong operational principles have helped us to deliver an outstanding financialperformance. Our revenue from operations stood at H138023 lakhs in FY22 as compared to H88675 lakhs in FY21 registering a robust growth of 56%. We registered an EBITDA ofH26581 lakhs with a strengthened margin of 19% as against H7170 lakhs with a margin of8% in FY21. Our profit after tax for the year stood at H13973 lakhs as against loss ofH460 lakhs in the previous year.

Our stellar financial performance was on the back of a strong customerfocus cost competitiveness optimisation of machines and operational efficiencies whichincreased the production coupled with an excellent serviceability. The pandemic unlocktheme is also working good for paper mills as demand for paper has gone upward afterreopening of schools and other educational institutions. There is also a quantum jump inthe consumption of cup stock and the market has exhibited a strong growth during the year.During the year we have witnessed a volume growth of 30% in the cup stock segment.

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Combined with committed hardworking colleagues led by a talented andexperienced leadership team I believe we are well placed for the future.

At Andhra Paper we have always taken pride on our sustainabilityefforts which go beyond regulatory compliance since we believe sustainability is notjust a legal responsibility but a shared responsibility we all have towards our planet. Wehave stood on the firm foundations of sustainable business operations. Our endeavour todrive the change through sustainable manufacturing of our products and our continuingefforts to reduce the environmental implications of our operations are exemplified by theinnovation driven methods we employ to do this.

Along with the planet for us sustainability is also about ourresponsibility towards our people working across the entire value chain and also thecommunities we operate in. We therefore listen act and strive to be an example in ourindustry. Our social initiatives are directed towards the welfare of the communities weoperate in. Aligning our actions to our ‘Vision 2030' sustainability goals weare ensuring to uphold our role as a responsible paper company.

Given that most of our business is driven by trees it is ourresponsibility to return the favour. To this end we have initiated a forestry programme.While this program has helped us achieve a total reliance in the sourcing of raw materialit has also helped us improve the lives of small farmers by providing them a means ofsurvival and improve the socio-economic standing of their communities. Since theinception of this program until date we are happy that we have been able to bring visiblechanges.

We are entering the fiscal 2022-23 with a strong balance sheet we havethe right strategy in place and a clear roadmap for the year ahead. Combined withcommitted hard-working colleagues led by a talented and experienced leadership team Ibelieve we are well placed for the future.

In closing I want to express my gratitude to our team members fortheir unwavering dedication to our mission and to our shareholders for their continuedtrust in Andhra Paper. We hope to keep being worthy of it in the years to come.

Warm Regards

Shree Kumar Bangur

Chairman & Managing Director

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