Tamil Nadu Newsprint & Papers Limited — Important, 13-02-2025: General Updates

The Board of Directors of Tamil Nadu Newsprint and Papers Limited has held a meeting and approved the financial results for the quarter and nine months ended 31st December 2024. The company reported total revenue of ₹1,136.79 Crore for the quarter, down from ₹1,259.46 Crore year-on-year. EBITDA decreased to ₹65.75 Crore from ₹155.77 Crore in the previous year. The company incurred a loss before tax of ₹64.64 Crore compared to a profit of ₹23.30 Crore in the corresponding quarter last year. The loss after tax was ₹42.89 Crore versus a profit of ₹16.20 Crore the previous year. Key challenges affecting performance include increased wood costs and a significant drop in market prices for paper and paperboard. For the nine months, total revenue was ₹3,194.51 Crore against ₹3,511.14 Crore last year, with a loss after tax of ₹18.40 Crore, contrasting with a profit of ₹175.16 Crore last year. Production figures reflect a decrease in both paper and packaging board output. A positive outlook hinges on addressing cost challenges and market dynamics.