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**Financial Highlights:**
Tamil Nadu Newsprint and Papers Limited reported total revenue of ₹1136.79 Crore for the quarter ended 31st December 2024, compared to ₹1259.46 Crore in the same period last year. EBITDA fell to ₹65.75 Crore from ₹155.77 Crore year-on-year. The company registered a loss before tax of ₹64.64 Crore, a decline from a profit of ₹23.30 Crore in Q3 of the previous year. Loss after tax stood at ₹42.89 Crore versus a profit of ₹16.20 Crore.
**Strategic Initiatives and Growth Drivers:**
Despite production of paper and packaging board remaining stable, the company faced pressures from rising wood costs and falling market prices, significantly influencing turnover and profitability.
**Business Developments:**
Paper production for the quarter was 99,954 MT, down from 104,065 MT year-on-year, while packaging board production dipped to 47,524 MT from 50,444 MT.
**Market Position and Competitive Advantage:**
The downturn in the market has impacted profitability across operations, necessitating close monitoring of external market factors impacting costs.
**Investor Implications:**
The declining revenue and profitability figures warrant cautious observation as the company navigates volatile market conditions and rising input costs.
All announcements from Tamil Nadu Newsprint & Papers Limited