TNPL Q1 PAT down 68% at Rs 13cr YoY

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TNPL Q1 PAT down 68% at Rs 13cr YoY

Tamil Nadu Newsprint and Papers (TNPL) has reported a huge fall of 68% (YoY) in profits for the first quarter of FY12. During the period, net profit of the company declined to Rs 13 crore from Rs 40 crore in the corresponding quarter last fiscal.

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Tamil Nadu Newsprint and Papers (TNPL) has reported a huge fall of 68% (YoY) in profits for the first quarter of FY12. During the period, net profit of the company declined to Rs 13 crore from Rs 40 crore in the corresponding quarter last fiscal.

EBITDA margin too declined to 24.1% versus 27.6%. Total expenditure coupled with interest and finance charges were recorded at Rs 32.5 crore in Q1FY12 as against Rs 8 crore in same quarter the previous year, which pressurized the PAT and margins.

However, net sales jumped 16% to Rs 336 crore from Rs 290 crore year-on-year.