Tamil Nadu Newsprint & Papers standalone net profit declines 40.61% in the December 2019 quarter

Tamil Nadu Newsprint & Papers standalone net profit declines 40.61% in the December 2019 quarter

Capital Market 

Sales decline 23.98% to Rs 831.96 crore

Net profit of Tamil Nadu Newsprint & Papers declined 40.61% to Rs 29.51 crore in the quarter ended December 2019 as against Rs 49.69 crore during the previous quarter ended December 2018. Sales declined 23.98% to Rs 831.96 crore in the quarter ended December 2019 as against Rs 1094.45 crore during the previous quarter ended December 2018. ParticularsQuarter EndedDec. 2019Dec. 2018% Var.Sales831.961094.45 -24 OPM %17.4716.79 -PBDT99.12136.30 -27 PBT40.9579.25 -48 NP29.5149.69 -41

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First Published: Fri, February 14 2020. 08:27 IST