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(01/07/2020 10:30)

T Nadu Newsprint Q4 net profit down 86.36% at Rs 1.84 cr

The company reported standalone net profit of Rs 1.84 crore for the quarter ended March 31, 2020 as compared to Rs 13.49 crore in the same period last year, registering a year-on-year decline of 86.36 per cent.

Net revenue of the company declined moderately by 13.99 per cent at Rs 894.06 crore in January-March quarter of this fiscal as against Rs 1,039.44 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 6.48 per cent to Rs 791.67 crore from Rs 846.51 crore in year ago period.

Other Income grew by 17.67 per cent at Rs 12.85 crore versus (Mar'19 Rs 10.92 crore).

Operating Profit slipped by 45.73 per cent to Rs 109.50 crore as against Rs 201.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.89 per cent in March quarter.

Interest grew by 8.59 per cent y-o-y to Rs 60.91 crore, while Taxation decreased by 99.70 per cent at Rs 0.04 crore (Mar'19 Rs 13.46 crore).