Tamil Nadu Newsprint and Papers Limited announces financial results for Q4, FY 2019-2020

Tamil Nadu Newsprint and Papers Ltd reported the total revenue for the year ended 31st March 2020 is Rs.3508,64 Cr against Rs.4121.95 Cr in the previous year. Profit Before Tax is Rs.190.53 Cr against Rs.155.20 Cr in the previous year. Profit after tax is Rs. 130.03 Cr against Rs.94.39 Cr in the previous year.

The total revenue for the quarter ended 31st March, 2020 is Rs.914.02 Cr against Rs.1059.20 Cr in the previous year. Profit Before Tax is Rs.1.88 Cr against of Rs.26.95 Cr in the previous year.

Profit after Tax for the quarter ended 31st March, 2020 is Rs.1.84 Cr against Rs.13.49 Cr in the previous year. Rs.58.35 Cr has been provided for depreciation & amortization and Rs.60.91 Cr for finance costs for the quarter ended 31st March 2020.

Paper production for the year ended 31st March 2020 was 392250 MT against 432572 MT in the previous year. Packaging Board production was 172776 MT against 176997 MT in the previous year.

The Board of Directors has recommended a dividend of Rs.6.00 per share for the year 2019-2020.

Shares of TAMIL NADU NEWSPRINT & PAPERS LTD. was last trading in BSE at Rs.117.35 as compared to the previous close of Rs. 119.3. The total number of shares traded during the day was 26438 in over 597 trades.

The stock hit an intraday high of Rs. 120.35 and intraday low of 115.3. The net turnover during the day was Rs. 3134613.

Source : Equity Bulls

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