Tamil Nadu Newsprint and Papers Ltd. (TNPL) has reported a 86% fall in its standalone net profit for the fourth quarter ended March 2020 to ₹1.84 crore against the ₹13.49 crore recorded in the year-earlier period.
During the period under review, the company had posted revenue from operations of ₹914.02 crore against ₹1,059.20 crore, said the company in a regulatory filing.
For the full year, TNPL net profit rose to ₹130.03 crore from ₹94.39 crore while total revenue dipped to ₹3,508,64 crore from ₹4,121.95 crore.
TNPL said that during the year paper production contracted to 3,92,250 MT from 4,32,572 MT and packaging board production dipped to 1,72,776 MT from 1,76,997 MT. The board recommended a dividend of ₹6 per share for the year 2019-20.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
