Tamil Nadu Newsprint & Papers Limited — Updates, 13-11-2024: Press Release

Total revenue for Tamil Nadu Newsprint and Papers Limited reached ₹927.87 crore for the quarter ended 30th September 2024, down from ₹978.09 crore in the previous year. The company's Profit before Interest, Depreciation, and Tax (EBITDA) was ₹138.18 crore, significantly impacted by declining market prices for paper and board, resulting in a Profit before Tax of ₹5.05 crore, compared to ₹47.82 crore a year earlier. Profit after tax also fell to ₹2.59 crore from ₹30.30 crore.

For the half-year ended 30th September 2024, revenue totaled ₹2,057.71 crore, down from ₹2,251.68 crore, and EBITDA was ₹299.28 crore. The profit before tax for this period was ₹39.10 crore, down sharply from ₹248.06 crore last year. Despite a slight increase in paper production to 215,522 MT, packaging board production decreased to 89,615 MT.

Overall, while the company continues to produce at capacity, the drop in market prices poses challenges for profitability. Investors should monitor the situation closely for potential recovery as input costs stabilize.